Where-To-Buy-In-London-2019

Where To Buy In London 2019

16.05.19

The top seven regeneration hotspots for home buyers in the capital to watch. From west London's former factories to a redevelopment around a new train station, here are the key areas to benefit from regeneration.

London house hunters in 2019 are increasingly choosy about where in the capital they decide to buy, in the hope that what is probably their biggest investment will continue to hold its value through the Brexit years and beyond.

While nothing is certain in the world of London property, buyers could do worse than to follow the money — looking out for regeneration zones where millions of pounds are being poured in to build new homes, revive tired high streets and improve transport links.

We've pinpointed seven key London neighbourhoods where serious cash injections are making the future look bright.

From a transformation of the former Nestlé factory in west London to a regeneration kicked off by Londoners themselves, here are London's top areas to buy in now — and hopefully reap the rewards later.

The biggest change to the area is a makeover of The Mall, Walthamstow’s shopping centre, set to bring new shops and 450 new homes for buyers priced out of the more fashionable swathes of Hackney.

However it has come in for some criticism, as only 20 per cent of new homes will be earmarked for first-time buyers and renters.

The £200 million project will coincide with Transport for London building a second entrance to adjacent Walthamstow Central station.

There are also further plans for the Essex Brewery, a collection of 183 flats near St James Street station, and Walthamstow Gateway, a new square by the station with shops, cafés and flats and another 79 flats, plus further developments to bring shared-ownership homes and luxury flats.

Regeneration in Hayes

West London hotspot to watch Hayes is shrugging off its factory past and looking to a regenerated future with transport upgrades and big-name housebuilders moving in.

The UB postcode, only four miles north of Heathrow, offers fantastic value, where property is on the up in the area, and a fast commute to central London.

The biggest single scheme on Hayes’ horizon is the redevelopment of the old Nestlé factory into Hayes Village, a development with 1,386 new homes and renovated Art Deco site entrance, while the former EMI records building is being transformed with 642 new flats, restaurants, a cinema and a live music venue.

Great value homes in Acton

From £410,000: one-bedroom flats at Acton Gardens with stamp duty and legal fees paid on selected homes and Help to Buy available

On the cusp of Zones 2 and 3, Acton offers great value homes for first-time buyers in particular.

Billions of pounds of investment is on its way with a promised transformation that will include the regeneration of council estates and the repurposing of everything from civic buildings to DIY stores. Thousands of new homes will be the result.

The biggest changes are happening at the South Acton Estate, a 52-acre estate that will eventually be home to about 8,000 people, where almost half the homes have been built or are under construction.

Acton is one of London’s largest suburbs, covering almost 18 square miles.

A new train station for Meridian Water

A regeneration of Meridian Water, just off the North Circular road in north London, will include a train station which will open in May, new homes and a live/work project for makers and creators.

The 210-acre regeneration zone will one day offer 10,000 new homes and work on the first phase of the development is expected to start next year.

Plans for the second phase are also being drawn up, which will include 300 new homes earmarked for Londoners otherwise priced off the property ladder and a communal workspace on the ground floor.

Furthermore, there will be an office complex with space for up to 900 new jobs.

Bromley's regeneration

The regenerating south-east London suburb where David Bowie was raised is a great-value bet for upsizers and first-time buyers.

The largest and most significant change to the area is a plan to build 400 new homes on a site just off Bromley High Street, a third of which will be aimed at first-time buyers and renters.

The scheme will also add new shops, restaurant and cafés along a public promenade and the four-year build will start next year.

Furthermore, a Grade-I listed Georgian manor house is being turned into 22 premium flats, while a new-build option for buyers is St Mark’s Square, 200 houses and flats which will be completed by the end of this summer.

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