6 Emerging Neighbourhoods for Prime Property Investment
At Bold & Reeves, we are at the coalface of London’s dynamic property market. And it is constantly evolving. Astute investors are now turning their attention to emerging neighbourhoods that promise both value and exclusivity. Let’s delve into the hidden gems that are capturing the spotlight for prime property investment.
1. King’s Cross: A Regeneration Triumph
Key Features:
- Home to the iconic King’s Cross and St Pancras railway stations
- 20 new streets, 10 new major public spaces and 2,000 homes
- Major redevelopment of property and infrastructure
- Attracted global tech headquarters including Meta and Google
Investment Potential: With a blend of commercial appeal and employment opportunities, King’s Cross stands as the government’s shining example of successful regeneration. The influx of tech giants and the creation of Coal Drops Yard contribute to its allure, making it an intriguing opportunity for buy-to-let portfolios.
2. Nine Elms: Riverside Modernity
Key Features:
- Massive regeneration around Battersea Power Station
- Two new Northern line stations opened in 2021
- 227-hectare development spanning Wandsworth and Lambeth
- More than 42 building projects are transforming the area
Investment Potential: Nine Elms boasts a harmonious blend of modern architecture and heritage legacies. As the skyline transforms, the area becomes an enticing prospect for prime property investment, offering superior riverside properties and a growing community.
3. Earl’s Court: Regeneration Unleashed
Key Features:
- 200,000 square feet of space for retail, dining, leisure and culture
- Former site of the world-famous exhibition centre
- Expected to bring 4,500 new homes to the borough
- 60% of the land will not be built on, leaving space for green open areas
Investment Potential: Earl’s Court will see a surge in housing options and community facilities for landscape-led development which aims to go beyond net zero as a climate-positive neighbourhood. With a vast regeneration project underway, the long-neglected, largely derelict 40-acre site in Zone 1 – which straddles the Royal Borough and Hammersmith and Fulham – will be transformed .
5. Bayswater: Hyde Park Proximity and Transformation
Key Features:
- Close proximity to Hyde Park
- £3 billion transformation of Queensway
- Creating a new, world-class district for living, shopping, and dining
- Whiteleys, the old shopping centre and London landmark, is reopening after a £3 billion makeover
Investment Potential: Bayswater, with its proximity to Hyde Park and ongoing transformation, offers a unique investment opportunity. The planned overhaul of Queensway is set to elevate the area into a world-class district, making it a hotspot for savvy investors.
6. Pimlico: Understated Elegance in SW1
Key Features:
- SW1 postcode, providing good value for money
- Attractive architecture and garden squares
- Average price per sq ft for a house is £1,122
- A rise in transactions, particularly in houses
Investment Potential: Pimlico, often overshadowed by its famous neighbours, presents an opportunity for value-driven investors. With good connectivity, attractive architecture, and a rise in transactions, Pimlico remains a hidden gem in the prime property landscape.
As London continues to unfold its diverse real estate tapestry, these emerging neighbourhoods offer prime property investors a chance to capitalise on the city’s ever-evolving landscape. Bold & Reeves is here to guide you through these opportunities, ensuring a seamless journey into London’s rising stars of property investment.
For more information about how we can help manage your property portfolio, please get in touch with Bill Shipton at bill.shipton@boldandreeves.co.uk