Buyers in London are hoping to buck the uncertainty of today’s housing market. In 2019, house hunters are looking to follow the money into parts of London that are benefiting from a cash injection. Investment means that despite the odds, the future is looking bright for the following areas.
The London borough of culture for 2019, Walthamstow is set to benefit from a transformation to the tune of £200 million.
Shopping centre The Mall will witness the arrival of new shops as well as 450 affordable new homes. Meanwhile, the Essex Brewery and Walthamstow Gateway will offer shops and cafes, along with shared-ownership luxury homes.
Coming up in the world, Hayes, which offers a quick commute to London, is poised to benefit from the arrival of well-known housebuilders and transport upgrades.
New flats will be created on the sites of the old Nestlé factory and the former EMI records building, with a live music venue and cinema being built at the latter.
If you seek a homebuyers report London offers firms such as https://www.samconveyancing.co.uk/Homebuyers-Survey/Home-Buyers-Survey-London.
The London Mayor’s office has a blog on regeneration at https://www.london.gov.uk/what-we-do/regeneration.
Acton covers nearly 18 square miles and is one of London’s biggest suburbs. It is well located on the cusp of transport zones two and three.
The area will see the arrival of thousands of new homes, with the regeneration of council estates and civic buildings. The South Acton Estate will ultimately house 8,000 people.
4. Meridian Water
The new Meridian Water in north London will be the site of a train station and 10,000 new homes. The second phase will include 300 new homes for Londoners otherwise priced out of the property market, plus a communal workspace and office complex.
Bromley offers value for first-time buyers: 400 affordable new homes have been earmarked close to the High Street. Restaurants and shops on a promenade are also part of the plan.
A listed Georgian manor house is set to be divided into flats, while new-build options are to be found at St Mark’s Square.
Westminster Council has approved plans for a 42-storey skyscraper dubbed the Blue Marrow. Complete with a lesser tower, the 11-acre Paddington Basin project will contain over 900 homes, new shops and a sky bar.