Urban regeneration is making Greater London truly great – and Hayes is buzzing with growth potential
Millions of pounds of investment
As Crossrail prepares to bring fast and convenient connections between London and surrounding areas, many towns are benefiting from huge investment in urban regeneration. Hayes is one town that will undergo a massive transformation into a highly desirable location, giving commuters and investors plenty of reasons to go West.
Hillingdon Council, which Hayes falls under, has received a £4.5 million grant from Transport for London for the purpose of revitalising the town centre, with plans for better shops, cycle paths, a reduction in traffic and more town centre car parking.
As well as the investment from TfL, the mayor’s Outer London Fund has offered grants to several store owners to improve their shop fronts in an effort to transform the look and feel of the area.
Property growth is around the corner
As the town prepares to see an inevitable increase in the amount of city workers moving in to take advantage of the speedy links to London and Heathrow, a bounty of opportunity has been created for investors to capitalise on guaranteed growth.
Several property developments are already turning abandoned office and factory buildings into luxury apartments, creating hundreds of homes and thousands of jobs in the area.
Not only are homes being created, but entertainment complexes, restaurants and shopping areas will be part of these new and exciting developments.
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Hayes is an increasingly important part of London’s ‘commuter-belt’
People moving to Hayes will find themselves incredibly well connected. Easy transport links can take commuters from Hayes Town Centre to Uxbridge High Street, Hillingdon Hospital, Brunel University and Central London, as well as Stockley Park, a vibrant business centre that accommodates offices for many well-known global companies. For those who get around by car, the M25 and M4 are a short drive away.
The future of Hayes looks bright. The wealth that Crossrail will bring over the next decade means that urban regeneration will continue to bring vast benefits to Hayes and neighbouring towns for years to come.
That means Hayes property investment is ideal for you if you're looking for a commuter belt property.
Economy & Employment
In a Seminar by Look West London, Hayes was described as ‘a poster child for urban regeneration’. There are several major developments happening in the area including The Old Vinyl Factory, with a £250m masterplan that includes 650,000 square feet of commercial space, around 610 new homes, restaurants, cafés and bars, a multi-screen cinema, car parking, a green-energy production centre, and 180,000 square feet of landscaped public space.
St. Andrew’s Park is a £150m brown-field development bordering Hayes and nearby Hillingdon that will bring 1,340 homes and over 155,000 sq ft of office and retail space, a theatre, a hotel, a public park and other facilities for the community.
As Crossrail is predicted to bring significant increases in property value, the number of large developments in Hayes gives investors ample opportunity to cash-in on this remarkable potential for returns.
The £4.5m grant from TfL will help Hillingdon Council to significantly regenerate Hayes town centre ahead of the first services from Crossrail. New and long-time residents will benefit from aesthetic and practical improvements.
The multiple developments happening in Hayes will provide thousands of jobs in the area over the next eight years or more, the same as in its economic heyday. This will provide a huge economic boost to Hayes Town Centre and kick start further regeneration of the area.
Major employment hubs a short drive or bus from Hayes include Heathrow Airport, which employs 76,600 people and Stockley Park, which houses offices for the likes of Apple, BP, Canon and more.
With the forthcoming Crossrail there will be excellent transport links to central London making UB3 and UB4 postcodes attractive to professionals employed in London. Major employers in the area include Image Diagnostic Technology Ltd; China Airlines UK; Rackspace; and Plumbase Industrial.
Hayes & Harlington Station already connects Hayes to London, Reading, Oxford and Heathrow.
Crossrail will make these connections faster, with greater capacity. Busses from Hayes travel to several surrounding towns and facilities such as Hillingdon Hospital and Brunel University. The M25 and M4 motorways are a short drive away from Hayes.
Shops & Leisure
Currently a short bus ride to Uxbridge High Street is the best place for shopping near Hayes, but this may change drastically as urban regeneration revitalises the town centre and the multiple developments in the area bring new shopping and entertainment facilities to suit the tastes of the professional commuters that will be moving to the city to make use of Crossrail.