Colindale Property Investment Guide

colindale-property-investment-blog

London Regeneration for Zone 4 commuters

Colindale is an exciting area of London for property investment. Located in Zone 4, it’s house prices are lower than in more central parts of the capital, while its still experiencing plenty of growth and investment.

Billions of pounds are being poured into the area by Barnet Council as part of its commitment to building up to 27,000 new social, affordable and market rate homes in the next 10 to 15 years. 10,000 of these will be in Colindale, more than any other area in the borough.

Colindale has access to two underground lines, the Northern Line and the Jubilee Line through nearby Queensbury station. Both lines now offer 24-hour tube services on Fridays and Saturdays, providing greater access to everything central London has to offer, and allows for easier commutes for workers living in or working in Colindale.

Employment opportunities are set to increase in Colindale as a result of the large-scale regeneration and development investments being made here; some 2,000 new jobs are expected to be created by 2020.

Many major employment hubs are also within an easily commutable distance, including:

  • Canary Wharf (46 mins)
  • Moorgate (28 mins)
  • London Bridge (33 mins)
  • King’s Cross St. Pancras (22 mins)

Apart from creating 10,000 new homes, it’s expected that the area will see the creation of around 2,000 new jobs thanks to the large-scale investments being made here.

The nearby Brent Cross Cricklewood regeneration scheme, worth £4bn, includes a 180-acre development, which was approved in early 2016.  The Brent Cross South project will create homes, thousands of jobs and a high street with local shops and restaurants.  

Brent Cross Shopping Centre will be transformed into a project worth £1.4bn. Over 200 new retail spaces, 40 new restaurants, a cinema complex and hotel accommodation will be added to the site, doubling the centre in size. The plan will provide 5,000 construction jobs, and if followed, works will begin in 2017, with expected completion in 2021/2022.

Brent Cross, 15 minutes from Colindale, will also see an expansion to Sturgess Park, the main town square, riverside landscaping, new pedestrian and cycling routes as well as a new walkway. 

Plans are also made for 6,700 new homes, parks, offices and community facilities.

Regeneration of nearby areas is set to attract more residents to Colindale, improving the local economy and driving house prices as a result.

Considering Barnet Council’s vast regeneration investments into these areas, now really is the time to invest to not miss out on capital growth! 

Economy & Employment

Considering the major amount of development and regeneration taking place, it is expected that by 2020 over 2,000 jobs will be created in the local area of Colindale alone.

The Barnet and Southgate College offer courses in carpentry, joinery, plastering, wall and floor tiling and plumbing courses, as well as a training hair salon which will be open to the public.

London Borough of Barnet Council recently moved its offices to the heart of Colindale’s regeneration area, providing a boost to the local economy.

The Council is also committed to providing up to 30,000 new jobs in the borough. Barnet is the most populous borough in London with 370,000 residents.

Metropolitan Police. The Met is renewing its facilities on a smaller area, yet offer 21,000 sq. m. of flexible and adaptable facilities, which will be able to support up to 911 students at any one time.

Investment

Brent Council is committed to providing 27,000 new social, affordable and market rate homes in the next 10 to 15 years, including 10,000 in Colindale, more than any other area in the borough.

The Brent Cross South project will create homes, thousands of jobs and a high street with local shops and restaurants.

Brent Cross Shopping Centre will be transformed into a project worth £1.4bn. Over 200 new retail spaces, 40 new restaurants, a cinema complex and hotel accommodation will be added to the site, doubling the centre in size. The plan will provide 5,000 construction jobs, and if followed, works will begin in 2017, with expected completion in 2021/2022.

September 2016 saw the opening of the brand new £14m campus of Barnet and Southgate College in Colindale. It’s part of a £550m regeneration programme including developing around 2,000 new homes.

Several national developers have identified Colindale’s potential and are investing heavily into the area, producing thousands of homes.

Over the past few years, housing developments worth hundreds of millions have been completed in the area.

Transport

Road: Colindale is closely located to both the A41 and the M1, leading to Milton Keynes, Luton and connecting to other northern destinations.

Bus: Colindale is serviced by a number of buses, including night buses.

Tube: Colindale station is serviced by the Northern Line, offering convenient travel to Euston (20 mins), King’s Cross (22 mins) and  Canary Wharf (46 mins). Queensbury, serviced by the Jubilee Line is also close by. Both offer 24h services on Fridays and Saturdays.

Air: The closest airports are Heathrow Airport and London City Airport. Both are located within 1h 30mins from Colindale, offering flights to international destinations.

Education

Colindale is home to a number of schools, including Colindale Primary School and Beis Yakoov Primary School.

Further Education: Barnet and Southgate College has a campus in Colindale, offering courses like carpentry and plumbing. The college has a total enrollment of over 16,000.

First Rung, based in Colindale, provides study programmes and paid apprenticeships to London residents.

Higher Education: Middlesex University London is located around 36 mins on foot, or around 22 minutes by bus, from the development. Over 23,000 students are enrolled at the university, which offers courses in a wide variety of subjects, ranging from Art & Design to Natural Sciences and Law.

Shops & Leisure

Shopping: Brent Cross Shopping Centre, home to 120 shops, and restaurants is located a short journey from Colindale. As is The Broadway Centre in Edgware, which offers around 38 shops.

Residents wanting even more choice will find Oxford Circus, the heart of London’s retail offering, a mere 24 minutes away by tube.

Leisure: Colindale is close to several leisure facilities, such as Burnt Oak Leisure Centre and Grahame Park Youth Centre.

The Royal Airforce Museum and the Museum of Domestic Design and Architecture are all within easy walking distance.

Green Space: Colindale offers plenty of green space, such as Sunny Hill Park, a 22-acre park in Hendon, Rushgrove Park and Roe Green Park.

 

About the Author

Brett has over 20 years experience in all facets of property, he owns various companies centred around property and is the driving force behind the education and training at Gladfish. His companies have sold over £850 million in UK and London property and he manages over 1200 properties through his estate agency chain. Today he shares his time between UK, Australia and Singapore. He is married to Arlene and together they have 4 kids.

>