Market Guru - David Ruddock
Fri 01 Nov 2013
David Ruddock, of Marsh and Parsons talks Bloomsbury
David Ruddock, associate director at Marsh & Parsons, began his career in London property in 1990 and has since worked in some of prime central London's most exclusive areas, before joining Marsh & Parsons to open its Marylebone office earlier this year. Passionate about what he does, David says " I love the cosmopolitan feel of Bloomsbury, with its beautiful architecture, hidden streets, relaxed vibe and close proximity to the West End."
Why do you think Lamb's Conduit Street is so popular?
"Bloomsbury is quite simply one of London's top neighbourhoods. This ancient and historical part of London has long been associated with law and medicine, with Gray's Inn and the Inns of Court to the south and world famous hospitals to the North. Added to that is the enduring imprint of its bohemian past, cultivated by the writers, poets and artists of the early 20th century. Lamb's Conduit Street is popular because it is the embodiment of the area's past married perfectly with modern cosmopolitan living; its full of wonderful boutiques, shops and restaurants."
What's the supply and demand like?
"As with most of the capital, quality property is in short supply, be it a georgian gem of a terraced house or an airy mansion flat. If it is good, you will have to fight for it. We have had high offers recently on a lovely refurbished apartment just south of the Brisish Museum. The lettings market is also strong, with high demand from international students, and there is increasing demand for short-term lets from people having treatment in the many local clinics. these reduced lettings tend to attract 20 per cent premium. Finding property to buy or rent on Lamb's Conduit Street itself is rare."
Who lives here?
"Residents have a confident, but breezy air of those in the know. Their common bond is the discovery and affection for this exceptional, but less obvious part of London. You won't find the glitterati or international jetset here, you're never more likely to run into a human rights lawyer or media executive."
How much is property?
"Expect to pay between 900 and 1,500 per square foot in the Bloomsbury area. Look out for short leases on mansion flats and odd historical covenants on the Georgian houses. And don't be put off by the local authority being the freeholder as it owns great swathes of fabulous period housing in the area."
Where can I live in the area?
Torrington Place, 2m
Leasehold, four bedrooms
Special features - A high quality renovation of a fifth floor mansion block apartment with exceptional features, fittings and workmanship throughout.
Agent: Marsh & Parsons