As a buyer, knowing which area to buy in for long term gain can be difficult and at times, a struggle to predict.
Evening Standards Home and Property have presented three areas which they consider to be up and coming with potential for high reward:
£4.5 billion is being plummeted into the Brent Cross Cricklewood regeneration project and over the next five years the North West London suburb will be hit with new homes, shops, offices, parks, schools and even a new Thameslink station.
Average Prices: Being the most developed of the three, accordingly house prices are the highest. Between £400,000 – £450,000 for two bedrooms and £900,000 – £1 million+ for four bedroom properties.
2. Abbey Wood
Although Abbey Wood may currently be lacking the usual indicators of popular areas such as things to do, transport links as well as successful local bars and restaurants, that is all about to change – from late 2018 Abbey Wood will be on the Elizabeth Line. Located just south of Thamesmead, which is being regenerated, Abbey Wood is sure to reap the benefits.
Average Prices: With well performing schools and three bedroom properties for £425,000, this area is ideal for families looking to buy.
An area for the most patient of buyers. Being one of the only areas in Tower Hamlets left ungentrified, Shadwell remains without trendy bars, clubs and restaurants. However, it’s appeal is in its proximity to the heart of London – not only is it easy, quick access to central London but many properties boast fantastic views of the City. With Crossrail due to come in just one stop away and the rising prices of surrounding areas, popularity is likely to reach out onto Shadwell in years to come.
Average Prices: At just £500 – £550 per square foot, prices are low and there is potential for a profitable long-term investment.
Please click here to view to read the full article as posted by “Evening Standards Homes and Property” about “Get in before the skips:now could be the time to make a move to Cricklewood, Shadwell and Abbey Wood — before their house prices boom”.
All content, information and photographs are credited to Evening Standards Home and Property.