So there is some confusion about the actual opportunity areas that are contained in Boris Johnson, the Mayor of London's, 33 opportunity areas and 10 areas of intensification. To understand them fully, and I don't suggest you read the 1000 odd pages of the London Plan where they come from, stick to the Vision 2020 plan, it's a much more readable plan.
However, the problems start when you try and find the 33 London opportunity areas and the 10 intensification areas in the Vision 2020 document. They are there in that form. However, if you go to this link you will see the plan for London until 2030.
But let me list them here for your easy reference and I will also mention the areas that we have sold property in the past five years.
The most interesting point here is that all of the areas listed I feel will be undergoing (or have undergone) major regeneration, especially when it comes to the number of new homes being built. As an investor, this presents a great opportunity but combined with the transport infrastructure and employment growth, you are onto a real investment property winner.
The Mayor's London Plan identifies 33 London Opportunity Areas and 10 Intensification Areas.
London Opportunity Areas
- Bexley Riverside
- Charlton Riverside
- City Fringe
- Colindale/Burnt Oak
- Cricklewood/Brent Cross
- Deptford Creek/Greenwich Riverside
- Earls Court & West Kensington
- Elephant and Castle
- Greenwich Peninsular
- Isle of Dogs
- Kensal Canalside
- King's Cross
- Lewisham, Catford & New Cross
- London Bridge & Bankside
- London Riverside
- Lower Lea Valley (including Stratford)
- Old Oak Common (Park Royal/Willesden Junction)
- Royal Docks & Beckton Waterfront
- Thamesmead & Abbey Wood
- Tottenham Court Road
- Upper Lee Valley
- Vauxhall, Nine Elms & Battersea
- White City
Areas for Intensification
- Canada Water/Surrey Quays
- Haringey Heartlands/Wood Green
- Harrow & Wealdstone
- Mill Hill East
- South Wimbledon/Colliers Wood
- West Hampstead Interchange
I have always been impressed with Boris Johnson, putting (party politics aside) I actually feel like Boris has a real commitment, despite his hairdo (he is the only man I have met that deliberately styles his hair out of style, so it sits up.) Having read through most of the plan for the London opportunity areas and intensification areas, I love the integrated nature of his approach.
He combines the transport infrastructure, with new homes and jobs to bring it all together very well. It is for this reason that I will be riding on the back of his London Plan and Vision 2020 by focusing a lot of resources to getting the best deals in the above opportunity areas and intensification areas over the coming years.
London Opportunity Areas warning
Some of these areas are not yet at the stage that I would suggest investing in, some of the areas have already seen massive growth in prices, as an investor these opportunity areas should be seen as a guide but nothing can replace actual investment research into the property in the area.
If you don't know what I mean by this then speak with the team and they can guide you through the pitfalls and obvious avoids. Give them a call on +44 (0)207 923 6100.
Live with passion and fun,