The Office for National Statistics has warned that the number of Londoners under the age of 40 setting up their own home in the capital is to fall significantly over the next 15 years. However, the report goes on to say that the borough of Barking and Havering, will buck the trend and show projected increases. Thurrock lies a mile away to the east of where Bellway launched Renovo, a development of 200 new homes on 27thOctober with a second phase to follow.
In the past five years property in Thurrock, Essex has seen a rise in value of 37.04%, and the average value of property in the area is currently just under £220,000 according to Zoopla’s Zed Index[i]. Bellway’s Renovo development, offers a selection of new homes and apartments which will include one and two-bedroom apartments and two, three and four-bedroom houses starting from £219,995.
Renovo includes a collection of two, three and four bedroom houses, and one and two bedroom apartments, ideal for families, investors or commuting professionals looking for a new modern pad. Thurrock is a fantastic commuter location, with an excellent range of nearby facilities and amenities, good transport connections and plenty of green spaces, offering residents a versatile and reasonably priced locality.
Paul Timson, Sales Manager at Bellway Homes Essex, comments: “Often homebuyers are struggling to find competitively priced new-build homes within easy striking distance of London, so we’re pleased to be offering Renovo, an attractive development with a varied selection of homes at affordable prices. This is an area on the fringes of London that is ripe for development and will provide excellent commuter homes for professionals and families alike.”
This regeneration of West Thurrock gives residents wonderful open space; the 200-acre Chafford Gorges Nature Park just 20 minutes on foot; perfect for a family day out or just getting away from it all with stunning views across the gorge. Less than a 10 minute drive away, Rainham Marshes RSPB Nature Reserve is popular with the more active members of the community; cyclists, runners and walkers can all enjoy this idyllic Essex countryside. Various sports amenities are close by, including Mardyke Valley Golf Club and Blackshots leisure centre, which hosts two swimming pools, a fitness suite and exercise studios.
Residents of Renovo are also ideally placed to enjoy the Intu Lakeside Mall which is home to a myriad of restaurants, bars, cafes and a wide range of shopping amenities. Further afield there is easy train access to the heart of East London and the Docklands where visitors can explore a wide range of dining and leisure options.
Ideal for commuters, Chafford Hundred is the nearest train station, which is a 20 minute walk from the development, reaching London Fenchurch Station in as little as 30 minutes and providing excellent transport links to Barking, Limehouse and Southend. Major road connections accessible from the development include the A13 to East London and Docklands, which is also a great link to London City Airport in a short 25 minute drive and the M25 Orbital.
Prices start at £219,995 for a one bedroom apartment. For further information please visit www.bellway.co.uk or call 0845 548 8026.