New developments and regeneration schemes in London are helping properties to sell fast. Here are the five areas where properties are selling the quickest.
Brentford
Thousands of new homes are being built in Brentford, west London, which is helping to augment the area’s existing stock of period properties. The new homes will overlook the three main waterways in the area: the Thames, the Grand Union Canal, and the River Brent. New sporting facilities, shops, and restaurants are also under construction. And Brentford’s transport links are quick. Trains to Waterloo station only take around half an hour.
Greenwich Peninsula
The Greenwich Peninsula area is rapidly changing. The completion of the new residential area of Upper Riverside and the new Design District, which is a business area for creatives, are making other properties in the area sell quickly. Greenwich Peninsula has excellent transport links. It takes only two minutes on the Jubilee Line to get to Canary Wharf.
If you want to sell your London property quickly, you may want to wait until the market is favourable and you can achieve the highest price possible. However, in some circumstances, it may be more important to get a quick sale than to get the very best price. If you have pressing circumstances, or if you need a definite timescale on the sale of your property, there are services you can use to sell your home quickly. Julien Mills owns one such service, which specifically helps Londoners sell their house fast. His company, Molae Properties, enables you to sell your property quickly, easily, and without hassle.
Old Kent Road
A series of big developments are finally occurring in Old Kent Road, which is causing properties in the area to sell fast. More than 1,000 new homes are being built on Old Kent Road, alongside a new 48-storey landmark tower, public square, park, and restaurants. In total, a whopping £10 million is expected to be spent on Old Kent Road developments in the coming years, between the junction at Ilderton Road and the Bricklayers Roundabout. Also, if the Bakerloo line extension goes ahead, Old Kent Road will get its very own station at last.
Barking
With over 10,000 new homes, as well as shops, schools, leisure facilities, and restaurants, currently being built in Barking Riverside, the Barking area is seeing properties sell quickly. The Barking Riverside development is the biggest in East London. It covers 443 acres on a site that was once home to a massive power station. When the development is finished, it will house a population of 30,000 people. A two-mile London Overground link is also in development, which will make journeys to central London only 20 minutes. The Barking area should also become a part of the Thames Clipper river bus service soon.
Woolwich
Woolwich is only five miles down the Thames from Canary Wharf, and it is fast shaping up to become the next sought-after London destination. So, properties are selling fast. That is primarily due to the new multibillion-pound regeneration of the Woolwich Arsenal. 5,000 new homes are currently being built along the waterfront, alongside many new bars and restaurants. Also, Crossrail is due to get an upgrade in transport links in 2021. Another key development happening in Woolwich is a regeneration of the grotty high street. Greenwich council are pumping £40 million into repurposing various historical and cultural venues. Out of all of London’s regeneration areas, Woolwich is expected to enjoy the largest price growth premium, at an estimated 7.6% per year, so investors are buying up properties quickly.