Identifying good value property investments in Central London is growing more and more difficult as prices continue to rise. Redevelopment and regeneration in inner-east areas such as Hackney and Woolwich have however presented a rich vein of potential recently, and that trend is set to continue with an excellent new opportunity amid the huge investment flowing into London’s Royal Docks.
Royal Victoria Residence is ideally located to take advantage of the transformation of this historic Thameside district. Just minutes from a future Crossrail station at Custom House, this towering new development is at the gateway to a Royal Victoria Dock that’s being refashioned for the twenty-first century as a vibrant commercial, residential and leisure hub.
Royal Victoria Residence Essentials
- Luxury modern 1/2/3-bed apartments
- Balcony, terrace or sun lounge and panoramic views from very unit
- New-build development featuring spectacular curved architecture
- Premium amenities including 24-hour concierge
- Minutes from DLR and Crossrail stations – just 8 minutes to Canary Wharf
- Key position amid the wider redevelopment of the Royal Docks
- £22 billion of surrounding investment potential including landmark projects such as Silvertown Quays, Royal Wharf and the Asian Business Port
- Investment expected to spur 30% local employment growth
- Apartment sizes from 644 to 1,414 square feet
- 175-year leasehold title (from 1999)
- Completion expected in Q4 2017
- Up to 70% LTV financing available
- Projected gross yields of up to 4%
- Prices starting at £395,000
Prices across the London Borough of Newham were up an impressive 15.5% in the year to August, while properties within ten minutes of the future Custom House Crossrail station saw prices rise by 46% between Q1 2013 and Q2 2015. The improved connectivity Crossrail is set to deliver combined with the huge scale of regeneration going on around the docks are driving growth even higher. The area around Royal Victoria Residence is forecast to see further growth of some 40.5% by 2020.
Take a look at the information and links below to find out more about the wider regeneration of the Royal Docks, and please feel free to get in touch if you’d like to know more about how this investment could work for your portfolio.
If you have any questions please email enquiries@slric.com. You can also call us on 020 3245 1126 for more information.
Royal Docks Investment Case
The work that’s already underway around the Royal Docks has already been named the UK’s number one regeneration project for the next quarter century. Some £22 billion of investment potential has been identified in the area, with mixed-use projects such as the £3.5 billion Royal Wharf and £1.5 billion Silvertown Quays set to deliver massive employment and economic output growth.
The £1 billion Asian Business Port (ABP) is a key driver of growth in the area, with estimates putting the scheme’s impact at over 20,000 new jobs and some £6 billion value added to London’s economy. Representing the largest ever Chinese investment in the UK, the ABP will provide a platform for Asian businesses looking to expand into Europe and is already attracting interest from some of China’s largest financial organisations as the project bids to transform the Royal Docks into a business and finance hub to rival the City and Canary Wharf.
The £15.9 billion Crossrail project will begin operations in 2018, and with a new £35 million station at Custom House, Europe’s largest infrastructure project is set to have a significant impact on the Royal Docks. Travel times to key locations such as Canary Wharf and Paddington will be halved by the new service, and that level of increased connectivity combined with the huge regeneration investment going into the area is turning the Royal Docks into a prime property investment location.
Prices within ten minutes of the new station at Custom House rose 46% between Q1 2013 and Q2 2015 – more than two-and-a-half times the average growth recorded across all stations on the route. Meanwhile prices across Newham have risen 15.5% over the year to August 2015 – significantly higher than the 6.6% London average.
As the Royal Docks continues on this route to becoming a new premium district for the UK capital, confidence is high that prices will continue to rise, with the healthy residential supply pipeline unlikely to keep up with soaring demand. As such forecasts remain strong, with price growth of 40.5% expected to 2020 in vicinity of the future Custom House Crossrail station.
Royal Docks Market News
- IP Global’s latest market update takes a more in-depth look at how the massive investment at the Royal Docks is transforming the area and its property investment potential.
- Read the IP Global blog to find out why the expansive Asian Business Port at the Royal Docks is set to play a key role in the rejuvenation of this part of London’s docklands.
- The Independent produced this short film of the Royal Docks regeneration work following a visit this summer.
- The impact of the forthcoming Asian Business Port was explored by the International Business Times earlier this year.
- Explore the massive regeneration potential of the Royal Docks onthis interactive website.
More about what’s going on at the Royal Docks right now atlondonroyaldocks.com. - Read more about the London government’s vision for the Royal Docks.
- Take a look at what exactly Crossrail will deliver from 2018 at the project’s official website.
- Check out this fantastic tool from JLL for an in-depth look at how Crossrail is expected to affect London real estate.