Transport upgrades and regeneration projects are creating exciting new property hotspots across the capital, generating a wealth of opportunity for both buyers and sellers.
If you’re looking for a property that will serve not only as a home, but also as a lucrative future investment, it’s certainly worth exploring these areas. Sellers can delight too, as house prices here are on the upsurge.
Where are the new London property hotspots?
We’ve focused our attention on three key transport upgrades.
- Elizabeth Line
Formally known as Crossrail, the newly rebranded Elizabeth Line is London’s most talked about upgrade.
Even with the line not due to launch fully until 2019, house prices along the route, which will run from Reading to Shenfield and Abbey Wood, are already growing.
Ealing for example, has seen property values rise by over 25% in the last year – twice more than the London average, according to Land Registry data figures.
Property already proving popular ahead of the line’s opening is Ealing Mews – an exclusive, affordable development in West London.
- Crossrail 2
Serving London and the wider South East, it’s believed that Crossrail 2 has the potential to create capacity for 200,000 new homes.
Upper Lea Valley has been earmarked as one of these new property hotspots. The area is expected to see a huge increase in housing developments – london.gov.uk states there are objectives in place to have over 20,100 new well designed homes here by 2031.
At the other end of the line is Sunbury-on-Thames, located in the affluent county of Surrey. Sunbury will be home to a Crossrail 2 station, and as a result, interest in property in the area is growing. Apartments in brand new developments like The Richmond, which consists of a range of luxury one and two bedroom apartments, are already in high demand.
- 13 new Thames crossings – “City in the East”
TfL’s ‘Connecting the Capital’ report, which proposes the 13 new crossings, highlights that the majority of these will be in East London.
Such improvements are essential for this part of the city – river connections at present are poor, and the population is growing.
Amongst the proposed improvements are a pedestrian and cycle link between Canary Wharf and Rotherhithe, a crossing between the Royal Docks and Charlton Riverside, and a new road bridge between Beckton and Thamesmead.
Royal Docks: new London property hotspot?
With the Crossrail and 13 new crossings on the Thames, East London properties are in high demand.
East London’s Royal Docks looks to be a good investment option, with thousands of new homes and developments set to be built. And property value has already increased due to the area’s close proximity to the Elizabeth Line.
But it’s not just the anticipation of the Elizabeth Line’s opening that’s attracting buyers to the Royal Docks.
The riverside district, next door to Canary Wharf, already has great transport links into the centre of London and is in close proximity to London City Airport.
Plus, Royal Albert Dock is set to be home to London’s proposed ‘third business district’ – a centre for Asian business with a large business park developed by Chinese developer Asian Business Port.
The whole Royal Docks area is home to many waterfront bars and restaurants, including the Sunborn Yacht, London’s unique floating hotel, restaurant and bar. Plus, nearly half of the area is set to be green space as part of the regeneration process.
Kingsley Hamilton Estates has a number of properties available in the Royal Docks area, including the stunning Royal Victoria Residences, which boasts fantastic views out towards the O2 and near by Canary Wharf.
Buy smart and think to the future.
Speak to our expert property advisors today about investment opportunities in the new London property hotpots. Call us on 020 7078 0214 or email firstname.lastname@example.org.