Interest in the London property market is booming, but for investors, fewer areas are more appealing and lucrative than Royal Docks. Over the last few years, demand for properties in this area has increased hugely, and it’s easy to see why.
As one of London’s most exciting regeneration areas, the E16 postcode is especially attractive to those who are keen to buy property in London in an up-and-coming area of high investment, and the added bonus of its convenient location, close to Docklands and the City, only serves to boost its appeal.
Exciting regeneration plans boost interest in the Royal Docks property market
The Docklands is currently going through an exciting process of change and development, with over £3 billion having been invested in the area’s regeneration.
With attractive new homes under construction, improvements being made to existing housing and renovations underway to public spaces and streets, Royal Docks is becoming an even more desirable location for investment thanks to increased demand from tenants who are keen to take advantage of the many benefits this part of London has to offer.
Jay Yehia, Henry Wiltshire estate agent in Royal Docks, is excited about the possibilities of investment in the E16 area. “Docklands is a real hub at the moment, and is home to an ever-expanding community of bustling bars, thriving cafes and cosmopolitan restaurants that cater for the needs of the families and young professionals making their homes here. It’s the perfect fusion of new and old, with original listed waterfront buildings rubbing shoulders with award winning developments that really make the most of their spectacular riverside setting. Royal Docks is already a popular choice among tenants, but we’re seeing a rise in demand year on year.”
A rise in Royal Docks property prices for six consecutive years
The property prices in E16 have risen consistently for six years in a row, with the result that today, the average Royal Docks property is worth 78% more than it was in 2011. Those are impressive statistics, and prospective investors can be confident that the trend is highly likely to continue, especially with the prospect of the new Crossrail station at Custom House being scheduled for completion in 2018. This additional mode of transport will complement the existing underground and DLR line which already speed residents into the heart of London within just 15 minutes.
With so much interest in the Royal Docks area, potential landlords can rest assured that their investment will be highly profitable. There is ongoing and continued demand for high quality properties in this part of London, and when the time comes to sell, investors will certainly see a profit on their purchase.
Buy and let property in Royal Docks
Jay and the Henry Wiltshire team are experts in the Royal Docks property market. If you are interested in investing in the E16 area or have a property to let in Royal Docks, contact the team today on 020 3696 9616.