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King Henry's Dock

London, United Kingdom

STARTING FROM £374,000
INVESTMENT DETAILS

Woolwich has already experienced extensive regeneration investment, with more planned in the future. A popular area for young professionals commuting into the city, Crossrail's arrival will further boost Woolwich’s popularity with reduced journey times to Canary Wharf and the West End. In fact, between 2001 and 2011 Woolwich Riverside saw 50% population growth and this is predicted to increase by 57.9% over the ten years to 2026.

Boutique luxury development King Henry’s Dock offers views of the river and a waterfront lifestyle at a very competitive price. The average value of a 1-bed apartment is £417,533 compared to the area’s average of £454,434; while the average price of a two bed is £544,706 compared to the area average of £761,948. Price points are also lower than Berkeley’s nearby Royal Arsenal Riverside Waterfront 1 and 2.


KEY FACTS
  • London, United Kingdom
  • 1 & 2 bed apartments
  • Leasehold 150 years
  • Starting from £374,000
  • Up to 65% LTV available
  • Projected gross yields of up to 4.27%
  • Apartment sizes from 477 to 885 square feet
  • Estimated completion Q4 2018

FACILITIES & FEATURES
  • Stunning river views from every property
  • 5 minute walk to Woolwich town centre
  • 5 minute walk to Woolwich Dockyard rail station: 20 minutes to London Bridge
  • 15 minute walk to Woolwich Arsenal rail station: 27 minutes to Bank
  • 12 minute walk to future Woolwich Crossrail station: 8 minutes to Canary Wharf, 14 minutes to London Liverpool Street, 21 minutes to Bond Street; 50 minutes to Heathrow

Woolwich Investment Case

Located in the London borough of Greenwich in southeast London, Woolwich has been on the rise for some years now. Its prospects as a property investment destination with serious potential cemented by the imminent arrival of Crossrail. By 2015 there had already been an average 31% increase in house prices near stations since Crossrail announced.. Woolwich is predicted to be one of Crossrail’s biggest winners with expected growth in property prices of 39% from 2016 to 2020. Average residential prices have already risen by 25% around Woolwich station since 2008 and further increases are expected as the opening of Woolwich Crossrail station in December 2018 approaches and investment in the area continues.

Crossrail in Woolwich is part of a new masterplan on the waterfront – an area that has undergone a dramatic transformation. The Royal Arsenal Riverside development is a £1.2 billion scheme set on an 88-acre brownfield site with almost 1km of riverside frontage. It will include a prominent cultural quarter with parks, retail, food and beverage outlets and a performing arts venue. Several council houses in the area are currently undergoing redevelopment, and further improvements include major private sector investment in Woolwich town centre, creating 46,450 square metres of new retail floor space, 1,500 new homes and over 1,000 new jobs in the next five years.

Woolwich already boasts affordability and good transport links, attractive to young professionals who work in central London. The population as of the 2011 census was 49.1% aged 20 to 44. Currently Greenwich sees 60% of its working residents commute into the city, highlighting the importance of the transport infrastructure. The local economy is strong too, with 20% working within the borough.

The Crossrail effect
When Crossrail opens in 2018, Woolwich will become even more desirable – with no other location outside Zone 1 in South London as well connected. For 71% of Londoners, proximity to good transport links is the most important factor when choosing a rental property. In Woolwich, rents are forecast to rise 35.1% between 2015 and 2022, second only to Whitechapel at 35.7%.

Overall, Woolwich is forecast to be an outperformer, thanks mainly to the impact of Crossrail and its regeneration, and is consistently rated one of the best places to invest. The prices of flats have already increased significantly in recent years –in the year to August 2016 alone, average asking prices for flats in Woolwich had increased by 18%.

With plenty of room for further growth in the run up to the opening of Crossrail and the ongoing investment and redevelopment, now is the time to take advantage of this relatively affordable area of London that offers strong growth potential and healthy rental yields.


LOCATION DETAILS

ADDRESS

Europe Rd
Woolwich
London
SE18 5QJ