Furmage StreetThis lateral conversion of a former carpet warehouse in Wandsworth displays no evidence of being allied to the former furry fabrics of our nations floors. Relegated to the bottom of the pile, those former ways have been eschewed in favour of the slick elegance of engineered timber planks.

It’s all a thoroughly modern affair; light and bright with windows across the full width of the living room and both bedrooms, while even the kitchen and bathroom get some natural light as well. The northerly aspect of the main living space could well suit an artist or photographer.

The apartment extends to 104m2 (1123ft2) is great for the those who prefer to keep their kitchen out of the living space, but who don’t want to be too far from their friends while cooking up a storm. The living room is toasty underfoot with a Speedheat system beneath those chunky Element 7 planks, while the bedrooms have wide slimline radiators that blend almost invisibly into the walls.

Wall lighting is favoured over ceiling pendants, accentuating the height of the living space and allowing for warmer mood lighting then being beamed down on from above. An undemised roof space leads directly off the living room and there is an allocated parking space at street level.

Warm grey large format tiles in the bathroom give a sharp edge and contrast well with bright white and brushed steel fittings. That colour scheme is extended to the kitchen where white cupboards and De Dietrich stainless steel appliances receive a dashing burst of colour from tangerine coloured backsplash sheets.

The asking price is £725,000 and includes a share in the freehold. Click here for full details.

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UMMWelcome to the first of our monthly property market updates, where we’ll be doing our utmost to give you clarity on exactly where the market is and what it is doing, straight from horses mouth, not to mention the coalface.

Much of the press talk last month was of declining values, decreased demand, and a general going off the boil, combined with a prediction of – surprise surprise! – expected price increases next year and returning demand. So the usual: all bases covered, nothing really said.

October was, for sales, a tough month. The melting-point madness of the spring and early summer ended in a crescendo of multiple offers on every property, over-asking-price figures achieved and booming expectations of a bust. Then the summer holidays came and people went away. When they came back the talk was of doom, dampening the the appetite to buy. But not killing it entirely.

As we stand today, in terms of prices being achieved, it’s a bit like the January – June free-for-all had never happened, and we’re getting roughly what we were achieving this time last year. So anyone coming to the market now will see a healthy number of people coming to look, but not a deluge of offers in excess of their asking price. Instead, there’ll likely be some negotiation on whatever they’re asking for: nothing crazy, just a bit.

People who we saw in the summer and who either put their property on the market at the end of the histrionics, or who waited until after the summer to begin marketing, are being told those prices no longer hold true, and that today they can expect to achieve between 7 and 10% less than when it was all getting out of control.

So have they missed the boat? Well, not really. Not unless they were selling up and leaving the country never to return (or, gasp, simply moving out of London). Most people whose property we sell are trading up, and it’s always more affordable doing that when prices aren’t reaching into orbit.

Through it all, the lettings market has remained perfectly stable, and pleasantly sane. So much so that there really isn’t an awful lot to say about it. Up to around £600 per week the supply level is pretty low; not because you can’t live in London for that sort of price, just the market moves so fast that nothing hangs around for long (there are many times we let properties before they even make it to the website). Higher up, the supply gets a bit better, although you’ll never have that much to see in one go, but something often shows up in timely fashion. Landlords can be confident of not having long void periods, and a healthy supply of potential tenants.

We hope that gives you a good idea of where things are at right now. Keep checking back for more updates on the property market.

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