London’s hottest property investment locations right now
The capital is currently bubbling with regeneration projects which are destined to transform neglected areas into the latest property hotspots. If you are looking for a London property investment with real growth potential, the secret is to follow the planners.
Take Crossrail. Prices along the West to East route have already risen significantly in anticipation of the line’s opening in 2018 and early-bird investors are now turning their attention to Crossrail 2, which is planned to slice through London North to South, from the Hertfordshire commuter belt down to Epsom in Surrey.
Extensions to two existing underground lines have also been attracting eagle-eyed buyers. Opening in 2020, a branch of the Northern Line will link Kennington with Nine Elms and Battersea as part of the huge regeneration scheme taking place in and around the Battersea Power Station area, while well-established plans for a further extension to the Bakerloo Line will see the development of a route through South East London, from Beckenham in Kent to Elephant & Castle.
Elephant & Castle itself is currently undergoing a vast regeneration programme. The two key developments at the centre of the transformation are Elephant Park – on the site of the former Heygate housing estate – and a new town centre, designed to replace the area’s tired shopping mall with a vibrant retail district. Current plans include over 1,350 private rent and student homes, plus enhanced restaurant and leisure spaces. There will also be a new campus for the London College of Communication.
Prices will inevitably rise in areas where better travel links mean a shorter commute into Central London. Get in early enough and you are almost certain to benefit from your investment. However, canny buyers should also be on the lookout for investment opportunities in districts on the fringes of these areas. For example, places such as Oval and Kennington have gained from having the Nine Elms project on the doorstep and not surprisingly London property for sale in these neighbourhoods is sought-after.
Interest in London investment properties is now higher than ever, as the recent fall in the value of the pound has made prices even more attractive to overseas investors. So how do you get ahead of the curve? The answer is to seek property investment advice from professionals who have an intimate knowledge of the capital’s up-and-coming hotspots.
If you want to invest in London property, why not get in touch with Daniel Cobb? Our advisors are happy to take your call or offer face-to-face advice at our offices in Westminster, London Bridge and Kennington.
