A while back, we did a post on how there was an island of colourful flats in central London. However, that’s not the only village that’s making us enamoured with the Docklands area.
What was once the lifeblood of the city’s industrial wealth, the River Thames is now almost unrecognizably transformed, with new sleek, modern developments being complemented with convenient transport links to and from central London as well as Canary Wharf. These new ‘villages’ have a particular emphasis on art and architecture, and all fit snuggly into the loops of the river.
As well as the aforementioned London City Island, there is also the Fish Island and Greenwich Peninsula.
The former is close to Hackney Wick and a brisk stroll away from the Queen Elizabeth Olympic Park and Stratford. In fact, the first that flocked to the area were artists and creatives as they were unable to keep up with the sharply rising prices in Hackney. These homes went on sale a month ago, with one-bedrooms starting at £445,000, two-bedrooms at £615,000 and three-bedrooms at £725,000. If you feel like those prices are a bit steep, don’t worry because help is at hand in the form ‘Help to Buy London’ meaning that you only need a 5% deposit. As well as flats, the village is set to house 434 private homes as well as workspace for creatives and entrepreneurs.
The latter is a massive development area that was launched 2014. Situated not far from the O2 centre and is right next to the waterfront. Prices start from £470,000 for a one bedroom, £775,000 for a two-bedroom and £995,000 for a three-bedroom. There is also 3-bedroom penthouse with terraces overlooking the river, which cost around the £2 million mark. This area is also set to expand massively. With around 15,000 new homes as well as offices, shops, restaurants, a cinema, a performance venue and hotel all at the top of North Greenwich station, which is set to be renamed Greenwich Peninsula station. In short, this revolution is set to rival Canary Wharf. Although prospective buyers will have to exercise a degree of patience as everything is built, the potential for price growth is undeniably high.
If any of that’s quipped your interested in property investment, be sure to check our beginner guide, or check out our Facebook and Instagram to stay up to date on any property developments and happenings in London.
Featured Image credit: Galliard Homes