Southall Waterside – 21st century lifestyle with Crossrail on the doorstep
London property development that delivers everything a property investor desires
Developer Berkeley Group is creating something exceptional in Southall. Just a few minutes from Southall station and the Elizabeth line (Crossrail), Southall Waterside is an ambitious project that will deliver almost 4,000 modern homes, new parks and public spaces, and a revitalised canal side that includes cycle paths and walking trails. It is the ideal location for families and young professionals.
Here’s what you need to know about Southall Waterside.
Significant investment started early
The area in Southall that is being regenerated was once a gasworks and has been used as a car park for travellers flying from Heathrow Airport. As a brownfield site, it has already received a huge amount of investment to prepare it for development. In doing this work, Berkeley has ensured that it protects the environment, residents and visitors.
Southall Waterside is already an award winner
Southall Waterside has already started winning awards. At the 2018 Planning & Placemaking Awards, the development scooped the Excellence in Placemaking at High Densities award and the Best Use of Brownfield Land in Placemaking.
Creating community at Southall Waterside
The result of the 25-year regeneration project will be the delivery of 3,750 new homes across the 45-hectare site, in phases that ensure the community is created and sustained along the journey. This is Berkeley’s overriding focus – to deliver an integrated, self-sustaining community that is successful from day one.
The innovative ‘staged placemaking’ approach that Berkeley is using should ensure its vision is delivered. Infrastructure and public realm will be sequenced throughout, creating distinctive residential neighbourhoods.
Almost six hectares of public squares and parks will be delivered. This includes a 40-acre new park. In addition, new restaurants, bars, shops, a new primary school and a new cinema will help to create a fully functioning new waterside ‘village’, connected to Southall station and the Elizabeth line by a central park that runs through the development. Anyone who has ever visited Valencia will understand the potential of this linear park to deliver an eclectic place where people meet, relax and play.
Residents who commute to London will benefit from a journey time of just 17 minutes to Bond Street, 24 minutes to Liverpool Street, and 31 minutes to Canary Wharf. Heathrow Airport will be just eight minutes away.
Not just for commuters
Of course, when examining the potential of a location you shouldn’t focus only on its potential as a place for commuters. The local economy matters. Southall doesn’t disappoint.
Average weekly wages here are higher than the national average, benefitting from a vibrant and thriving local economy. Many people work at nearby Heathrow, but the 3,500 small businesses here are evidence of an entrepreneurial and outward-looking community.
The biggest sector of the local economy is human health and social work, but other major sectors include wholesale and retail, manufacturing, education, administrative and support, accommodation and food, and construction. More jobs are coming, thanks to Southall Waterside. Berkeley expects to create 21,000 new jobs during construction.
Southall Waterside is a fantastic location for investment potential. It is close to the motorway network, close to Heathrow Airport, and, when Crossrail arrives, close to the West End, the City, and Canary Wharf. It is great for commuters who work in London, and those who wish to work locally benefit from a thriving and diverse local economy.
The development integrates open space, public realm, leisure, and recreational space with piazzas, courtyards, commercial, retail and residential. It is a place that is being created to provide the very best homes for modern lifestyles.
With waterside trails along the Grand Union Canal and new pedestrian routes connecting to Minet Country Park, this is a location for outdoor living that you’ll find hard to match elsewhere in London. The design is incredible, too; with a network of cycle paths, no home will be further than a five-minute cycle ride to a station.
New restaurants, cafés and bars will help to give Southall Waterside a real continental feel, and the new cinema and other facilities will ensure that people have plenty to do here. (Why not hop over to our article “10 best things to do for families in Southall” to discover more?)
Southall Waterside – an affordable property with fantastic potential
According to home.co.uk, the average asking price in Southall is £431,834 (April 2019). This makes Southall property more affordable than the average London home, which is priced at £459,800 (UK HPI data, February 2019). With rents averaging £1,403 per month, the average yield in Southall is around 3.9%.
Investors have been spooked by the ongoing saga of Brexit, and Savills has recently predicted that house prices in London will stagnate until 2023. However, Savills also forecasts that locations near to Crossrail stations and planned infrastructure improvements will see property prices rise most. So, this is a big tick for Southall Waterside.
The Office for National Statistics recently released research that examines the impact of nature on property prices and concluded that developments that benefit from being next to woodland, parks and green spaces should expect their properties to outperform other properties by 2%. Another big tick for Southall Waterside.
This development delivers everything a property investor could wish for. A great location, benefitting from proximity to Crossrail, the Grand Union canal, and green spaces and parkland. Property investing at its very best. For more information about Southall Waterside property, contact the team at Gladfish today.
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