Vast urban regeneration has created a whole new Wembley
Wembley has been identified by the former Mayor of London, Boris Johnson, as a major “Opportunity Area” and with so much happening in the area, it’s easy to see why. £3.8bn of investment is turning Wembley into a vibrant centre for shopping and business and creating hundreds of homes.
Fast and easy links to major employment hubs in London as well as the world-leading universities found throughout the capital make Wembley a very desirable place for city workers and students alike.
Demand for housing is strong and will grow as regeneration takes effect and the stylish and modern developments happening in the area come to completion. Now is the right time for investors to put their money in this famous and growing neighbourhood.
Brent Council has a master plan which stretches to 2030, making Wembley a key contributor to the London economy.
The council want Wembley to be Brent’s core area. There are plans in place for new schools, health centres, parks and open spaces. There will be new access roads into the area, improved parking to encourage growth.
Average property prices in Wembley stand at, £374,544 and have seen an increase of 9% according to Rightmove. The area has had an increase of 27% in property prices since 2013. In the 2011 census, the percentage of privately renting households was at 31.5%.
In the past 15 years Quintain, who are the main developers of the area, has invested £500 million and don’t plan to stop any time soon. The company have recently just had plans approved for a further £2.5 billion development. The plans will see nearly 5,000 new homes alongside a seven-acre park with a lake.
In 2016 the first phase of 473, studios, one two and three bedroom apartments in the Emerald Gardens will be available.
In 2017 the first group of Alto apartments will be available.
For more information download a full Wembley Property Investment Guide.
Economy & Employment
Wembley is a short commute to some of London’s most influential business sectors.
Wembley is perfectly located for city workers, as its superb transport links connect to a wide cross-section of London. Major employment hubs such as Bank, Strand and Canary Wharf are a short commute away from Wembley Stadium and Wembley Park stations.
Wembley has a population of 14,727, nearly 39% are in full-time employment and 11% in part-time. There are 12% professionals and 8% senior officials living in Wembley, as of the 2011 Census.
Many businesses are based in Wembley which may grow due to the amount of office space due to be built as part of the master plan. An extra 10,000 full-time jobs are created which are not only in the retail and hospitality sectors.
The West London sub-region will deliver approximately 140,000 extra jobs by 2026.
Brent Council plans to train the local community to make them able to compete for the locally created jobs.
Some of Wembley is still quite industrial. The highest percentage of workers in Wembely are in wholesale trade, including repair of motor vehicles.
For more information download a free Wembley Property Investment Guide.
Investment
Wembley has been identified as an Opportunity Area.
The last 10 years have seen big changes for Wembley Stadium and the surrounding area. Between 2003-2007 Wembley Stadium was rebuilt at a cost of £827 million, triggering a transformation for Wembley Park.
Quintain Estates & Development, a London investment and development specialist, have ownership of the robust £3.8bn Wembley City Regeneration Scheme that will see Wembley Park transformed into an important destination for living and leisure that is perfectly located to make the most of all London has to offer.
The first phase of the development of Wembley Park consisted of several facilities that can capitalise on the large numbers of people brought in by the stadium. These include a West-End standard Hilton hotel, the refurbishment of Wembley Arena, and the London Designer Outlet, a unique shopping centre containing more than 50 shops, 20 restaurants and a 9 screen cinema.
The next phase of the development is more residential. The company have just got approval for 5,000 new homes. The new area will include a park with a lake, a new school and a GP surgery. The area is hoped to bring 7,000 new full-time jobs.
Former London Mayor, Boris Johnson has said the area could hold up to 11,5000 new homes.
Transport
Air: Wembley is a 30-minute drive away from Heathrow Airport and just over an hour drive away from London City Airport.
Rail: Wembley has three stations. Wembley Park, which is served by the Jubilee Line and the Metropolitan Line. Wembley Central, which has the Bakerloo Line and is part of the London Overground Network. And Wembley Stadium National Rail services to London Marylebone, the Midlands, Oxfordshire and Buckinghamshire.
Road: The North Circular Road serves the area, and is able to connect you to the M1 and the A40.
Bus: Wembley is served by both day and night services, which can get you in and around the City at any time.
Education
Wembley is home to approximately 45 nurseries, schools and colleges that cater to a wide range of faiths and special needs.
London is known around the globe for its world-leading colleges and universities. With Wembley’s many convenient links to central London, these regarded institutions are never far away. This makes Wembley very popular with students.
Further Education: College of North West London has a campus in Wembley Park. They run courses in 20 subject areas including, construction, science and engineering. The college has a 91% achievement rate in the College Self-Assesment Report.
Higher Education: The University College of London, King’s College London, the London School of Economics & Political Sciences and the Imperial College of London can all be reached from Wembley Park station. All of which are in the top 25 universities in the UK.
The University of Westminster is only a short commute with a campus in Harrow. The university is just two stops from Wembley Park on the London Underground.
Shops & Leisure
Shopping & Dining: Wembley is the retail and leisure heart of North West London. A major objective of the regeneration scheme for Wembley Park is to create a retail and leisure destination. The London Designer Outlet provides a unique shopping experience, with more than 50 shops, 20 restaurants and a 9 screen cinema. The outlet centre has multiple chain restaurants, but if you are looking for something a little different there are plenty of cuisines to try around Wembley Central.
Sports & Culture: In 2010 a Culture Strategy was launched, with aims to enhance cultural vibrancy, promote health and well-being and encourage young people to take part. Not only is there sports in Wembley but a couple of religious temples. Ealing Road Temple is Wembley’s newest landmark and opened in 2010 after 14 years of construction. Within the newly built Civic Centre is a state of the art library. The library has a whole range of different genre of books as well as plenty of creative space for children and professionals alike.
Green Spaces: Pinner Memorial Park is a short journey from Wembley. The park has 5.25 hectares for a peaceful retreat in the city. There is a bowling green, pond and a children’s play area. Another area of green is, Fryent Country Park. It has 250 acres and is an oasis of Middlesex countryside. The country park has a nature reserve for plants, mammals, birds and insects. There are picnic areas and plenty of space for walks.
