Looking for an investment-worthy London home in 2019 means heading to the East End, where the population is booming, and property prices have been steadily rising over the last few years. Since 2005, the population across the London Borough of Newham has increased by more than 80,000, according to the Office for National Statistics, and has brought with it a surge in regeneration. Savvy homebuyers looking to take a slice of the Stratford High Street transformation should look to Bellway Homes’ Legacy Wharf development.
At Legacy Wharf, Bellway will create 146 new homes in addition to residents’ gym, offices and commercial space to revive the once industrial area along the Bow Back River. The continuing regeneration of Stratford offers a new cultural hub in East London, alongside the extensive transformation and investment in infrastructure around Stratford High Street, and in particular Pudding Mill Lane.
Ideal for commuters, Pudding Mill Lane DLR station is the closest to Legacy Wharf – just a two-minute walk from home and one stop from Stratford, offering great connections. Crossrail services are planned to stop at Stratford station from the latter part of 2019 offering 12 trains per hour at peak times in both directions, enhancing the current services on the tube, DLR, Overground and mainline.
Alex Leigh, Operations Director within New Homes & Investments at Foxtons comments: “Stratford continues to benefit from some of the most extensive regeneration I have seen in the East End over the last few years. The Pudding Mill Lane area stands out because regeneration is in its infancy here, and not many know this area in comparison to Stratford, which is only one stop away on Docklands Light Railway. Buyers can find better value for money here than in neighbouring postcodes and pockets of London like this are proving great for a mid-term investment now.”
Legacy Wharf residents will benefit from proximity to employment opportunities in Stratford’s new International Quarter, high-speed public transport and 560 acres of public parkland. The contemporary apartments, convenient transport links and appealing location merge to make a great purchase for prospective first-time buyers especially when compared to the neighbouring Hackney Wick and Bow.
Each apartment at the development comes with private outdoor space as well as generous open-plan living and dining space alongside a contemporary bathroom. Residents will also benefit from the communal courtyard, located in the centre of the development, where they can socialise and relax in an outside space on their doorstep.
Emma Hamlett, Sales Director at Bellway Homes, comments: “For potential purchasers looking for a great investment opportunity, Stratford and the Olympic Legacy have opened up new and affordable places for people to live, work and play. With apartments at such attractive prices compared to similar sized properties in neighbouring areas in London, the homes here offer a great base for all that the capital has to offer.”
Retail lovers will be spoilt for choice in Stratford, home to Westfield Stratford City, the largest urban shopping centre and leisure destination in Europe. Reachable on foot or one stop away on the train, residents of Legacy Wharf can enjoy over 250 shops, 65 restaurants and a 17-screen all-digital Vue Cinema. For leisure, less than a mile from Legacy Wharf, the London Stadium in the Queen Elizabeth Olympic Park seats 66,000, and offers a multi-use venue for music, sport and entertainment. The Park itself offers free access to vast swathes of parkland, waterways and playgrounds.
Prices at Legacy Wharf start from £386,500 for a one-bedroom, £525,500 for a two-bedroom and £578,000 for a three-bedroom. All plots are available with Help to Buy. For further information or to register your interest, please visit www.bellway.co.uk or call the sales team on 0203 092 9383.