7 up-and-coming spots for London buyers

Paddington Basin, Grand Union Canal, London
Paddington Basin

Home buyers keen to find their ideal spot in London should be looking to areas already pinpointed for regeneration.

In its Homes and Property section, the Evening Standard has identified seven neighbourhoods that are ripe for investment and new developments.

Plans include the construction of new homes, redevelopment of existing retail areas and improved transport links.

Regeneration across boroughs

The Standard looked across the capital from east to west, north to south, to pick out the seven spots where savvy home buyers should be focusing their attention.

Their picks include Walthamstow, which is at the centre of a £200 million regeneration that includes 450 new homes and the transformation of the Mall shopping centre. Walthamstow Central Station is also being given a makeover while Walthamstow Gateway, close to the station, will have shops, cafes and flats.

The transformation of Tottenham is not confined to Spurs’ football ground. A £1 billion project will see a major redevelopment of the area between the stadium and the London Overground station, delivering 2,500 new homes, parks, shops and restaurants.

The station itself has been tipped to be renamed as Tottenham Hotspur, says the Standard.

Ideal for FTBs

Acton is pinpointed as the ideal location for first-time buyers, thanks to the regeneration of local council estates that will bring 3,300 homes and the creation of an urban village combining retail and offices.

Go west to Hayes where the former Nestle factor is being transformed into Hayes Village with more than 1,300 new homes. Nearby the former EMI building is also being redeveloped to create 642 new flats, restaurants, a cinema and a live music venue.

Bromley offers good value for both first-time buyers and those looking to move up the housing ladder.

There will be 400 new homes off the High Street with a third of those affordably priced for first-time buyers and renters. The plan also includes new shops and eateries, while 200 new houses and flats will be completed in St Mark’s Square later this year.

Go west – or north

A new train station is the first part of a regeneration of Meridian Water in north London where a 210-acre zone will be the centre of 10,000 new homes along with office space.

Back in west London, a 42-storey skyscraper will help complete the Paddington Basin redevelopment, the last project providing more than 400 new homes and shops.

A total of £500 million will have been spent on the Paddington Basin project, providing hundreds of homes, cafes and restaurants.

About the Author Frances Traynor

Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]