UK

New residential projects are creating rare opportunities for property investment in the UK's fastest growing economy within commuting distance of London

World famous for its prestigious university, cutting-edge research and magnificent heritage, Cambridge is also one of the UK's leading technology hubs and fastest-growing economies.

A huge student population, excellent career opportunities and convenient access to London ensure consistently high demand for residential property in Cambridge, and several new developments are providing opportunities for overseas property buyers and landlords.

 

Best and brightest

There's more to Cambridge than its elite university, but the institution's influence on local life and the economy is undeniable. University colleges are spread across the city and one in five local residents are students, many of whom remain in the city after graduation for postgraduate research or recruitment into the highly-skilled local workforce.

Cambridge's science parks are partnerships between the universities and businesses that continue to attract substantial overseas investment from the world's largest brands. These partnerships have been instrumental in growing Cambridge's reputation as a world leader in fields such as biotechnology, medical research, software and pharmaceuticals, particularly around the high-tech cluster nicknamed 'Silicon Fen.'

The growing importance of Cambridge's technology and research sectors have placed the city among the UK's fastest growing economies in recent years. Less than an hour from London and international airports, Cambridge is a convenient location for businesses in all fields, and access will improve further with the new East-West Rail link and Oxford-Cambridge Expressway expected to open in the next decade.

 

Country charm and city convenience

Cambridge's reputation for work and study overshadows its other perks as a comfortable and stimulating place to live. Numerous performance venues, museums and art galleries provide one of the richest cultural offerings outside London, and a packed events calendar has something for everyone – from the live bands of the Big Weekend to the Cambridge Folk Festival and traditional Midsummer Fair.

Cambridge's shopping and dining options are just as diverse. With three shopping centers, traditional markets, independent boutiques and the wide selection of restaurants, cafes and bars that modern city dwellers expect, Cambridge has all the attractions of city living with the English countryside on its doorstep.

Families with children are also exceptionally well provided for in Cambridge, with many highly rated primary, secondary and independent schools in the area. These include the University of Cambridge Primary School, St Bede's Inter-Church School and Chesterton Community College, all rated 'Outstanding' by education authority Ofsted.

 

Buoyant residential market

With consistently high demand from domestic and overseas students, professionals and families, Cambridge property can offer investors and landlords some of the highest yields in the UK. The problem, until recently, was the lack of new supply. Cambridge's heritage architecture may be one of its greatest draws for visitors and residents, but stringent building restrictions have long stifled development in the small city, even as they maintained high levels of demand and prices.

This situation is gradually improving as more new residential developments are opening up Cambridge and surrounding areas to investment. The Government's proposed CaMKOx Arc initiative for Cambridge, Milton Keynes and Oxford is also aiming to bring one million homes and 1.9 million residents to England's 'brain belt' by 2050 by creating new neighborhoods and amenities.

One such district in Eddington, a new community less than two miles from Cambridge's historic city center designed by the University of Cambridge as a successful model of sustainable urban planning. Premium homes and apartments are now available in Eddington at Knights Park, combining modern living with convenient access to Cambridge, London and the surrounding countryside.

 

For more information about Knights Park and other residential properties in Cambridge and the UK, please contact:

Christine Wong (REN06667)

JLL International Residential

M: +6012 908 6318

E: wong.christine@ap.jll.com

19 Mar 2021

The housing market has got the extended holiday many were hoping for and the clock is now effectively ticking for new buyers who haven’t yet started the process of purchasing a home to take advantage of a reduced Stamp Duty charge.

 

Stamp Duty Extended Holiday

 According to Rightmove data it has taken an average of 54 days to sell a home since the holiday was introduced in July, down from an average of 70 days in the 12 months prior.

Assuming the average time to sell a home remains at the current level, aspiring buyers have until 7th May to begin a purchase to take advantage of the holiday extension.

Overall the Stamp Duty holiday has provided a much-needed confidence boost to the housing market following its full closure in March last year. However, its previous cliff edge ending on 31st March always risked seeing sales fall through increasing anxiety for aspiring purchasers. The extension will provide welcome relief to those purchasers and open the door to additional buyers. There now needs to be clear signposting introduced to ensure the cliff edge is not just pushed further down the road.

Nick Whitten - Head of UK Living Research

2% overseas Stamp Duty surplus

This tax represents a big shift in UK Government policy away from an open trade policy – until now there has never been a consideration of an investors origin if they are looking to buy an investment home.

This tax will undoubtedly create some market resistance for an initial period until it becomes accepted. It should be noted that many other competing cities already provide higher levels of overseas taxation so the UK’s major cities should remain competitive on the international stage.

 

First Time Buyer Mortgages

95% mortgages have been all but non-existent for some time now so the Government’s mortgage guarantee scheme is hugely welcome news for aspiring home owners who have long faced mounting affordability issues.

 

Capital Gains Tax changes

The UK has obviously seen a significant increase in its debts as a result of supporting the country through the COVID pandemic. Those who can pay more tax, should pay more – that is only right and it fits with the levelling up agenda.

Nearly half of the UK’s privately rented homes are in suburban locations owned by small scale buy-to-let landlords. There could now be an increase in demand for this kind of housing stock from first time buyers looking to take advantage of the new mortgage guarantee scheme. The proposed changes to Capital Gains Tax could prompt of flurry of sales from landlords looking to exit before the changes take place. However, if there isn’t sufficient lead in time before the CGT changes take effect, it could reduce the volume of rental stock coming to market. CGT is ultimately a discretionary tax, and if homes become bloated with that tax, many landlords will opt to sit on their asset and wait.

 

Wholesale Review of Residential Taxes

Looking ahead, the Government has announced a Tax Day on 23 March and this could include the commencement of a widespread review of residential property taxes.

Reviewing how residential properties are taxed in the UK is long, long overdue.

Council Tax is based on residential values from 1991, which frankly are a very poor reflection of the current market. Meanwhile, Stamp Duty is a hugely inefficient tax which is ultimately a potential hindrance to the future economic prosperity of the UK. It makes no sense for people to find themselves ‘locked-in’ to their current home because of the tax burden of moving. People need to be able to migrate towards opportunities as easily as possible in the 4th Industrial Age and as part of the levelling up agenda.

Government also needs to acknowledge that we have an ageing population and SDLT is a hugely punitive tax for those looking to descend the housing ladder and right-size in later life. Without enabling more people to downsize, we face many people continuing to live inappropriate homes for their needs which in turn forces Government to have to increase expenditure on health and social care.

However, any significant changes in the tax system must be carried out with care, following a detailed consultation and with a sufficient lead-in time. Any replacement residential tax should carry a similar starting burden for individuals. The variance should then occur over time to allow householders to adjust their finances accordingly.

 

Overall Budget Conclusion

There are many welcome announcements within this Budget. However, solutions to the housing challenge must also focus on providing homes to suit a greater variety of end user needs. Society has changed and we must move away from the concept of blanket home ownership. We need measures to support an increase in purpose-built rental homes which will professionalise the private rented market, providing long-term, secure housing, and raising the profile of renting as an aspirational lifestyle choice.

And we need attractive, specialist later life housing which will help free up family homes and make more efficient use of existing stock.  With people living longer, the UK’s ageing population is typically under occupying family homes, but appropriate alternatives will encourage right-sizing.

Measures to address the housing market should be targeted at increasing all forms of supply, not just increasing demand for Private Sale housing only. 

 

For more information, please contact:
Christine Wong (REN06667
M: +6012 908 6318
E: wong.christine@ap.jll.com

Nick Whitten - Head of UK Living Research
12 Mar 2021

Our lives now revolve around our homes more than at any point in the past 250 years. In 2020, Covid-19 has accelerated a trend which is making our homes the centre of our lives once again with technology being the great enabler allowing us to satisfy our needs and wants in our homes.

Our Residential Forecasts 2021 will look to the future and offer valuable insight on:

  • UK house price and rental value forecasts for the next five years
  • Expected future housing starts and levels of transactions over the next half a decade
  • Which cities will witness the highest house price growth?
  • Will the Covid-19 pandemic trigger large-scale de-urbanisation?
  • What role is technology playing to satisfy our increasing needs and wants in our home?

Download Report

 

Nick Whitten our Head of UK Living Research discusses our latest forecasts in the video below.

 

 

For more information, please contact:

Christine Wong (REN06667)

M: +6012 908 6318

E: wong.christine@ap.jll.com

12 Nov 2020

Despite the challenges posed by Covid-19, new housing schemes, developments and initiatives in the UK continue unabated.

The beauty of a city like London is that it has such a wide variety of vibrant districts spread across its vast metropolis. Most of these are steeped in rich heritage, dating back to Victorian times and beyond.

One of the lesser-known areas in central London, is called the Silk District and sits in the east of the city. Back in the 17th century, the Hugenots were forced to flee France and brought their silk-weaving skills to this part of London. Before that you couldn’t buy silk in England.

While most Londoners will know the area as Whitechapel, the Silk District is being revitalised thanks to some new regeneration projects. This historic part of the city currently ranks in The Telegraph's Top 20 Places to Invest in London.

 

Whitechapel vision

The Mayor of London’s “Whitechapel Vision” is a £300m investment to improve the local area, creating a new shopping destination, public squares and first-class educational opportunities.

The regeneration plan aims to create 5,000 new local jobs, a new street market, seven public squares, a research campus, parks and a medical research centre.

 

Christine Wong, Head of International Residential, JLL Malaysia said:

“With unrivalled transport link and located closely to central London with the most attractive price point, JLL present to you one of the best investment opportunity available now.”

 

Up-and-coming neighbourhood

The area is a magnet for city execs, technology workers and creative types with the ultra-cool Shoreditch enclave close by.

A major part of the regeneration includes the opening of the high-speed Crossrail train network in 2021. When this opens, residents can reach Central London in 10 minutes or less. This improved connectivity is likely to spur healthy rises in property values in locations that have Crossrail access.

“There is currently huge appetite to invest in Whitechapel,” Peter Gibney, director at JLL, commented.

This area was first identified by JLL’s Crossrail tool as offering the highest price growth potential compared with other Crossrail stations.

Together with the emerging creative commercial hub and unparalleled convenience of location for both work and leisure, Whitechapel looks set for demand for residential investment opportunities to continue to outstrip supply.”

 

 

“Neighbouring high-performing areas like Old Street and Spitalfields have seen staggering returns over the last five years, which demonstrates the best is yet to come.

The Bouchon (the last phase of The Silk District) offers a great opportunity for savvy buyers and investors, and it’s the last chance to buy in this up-and-coming development.”

Even without Crossrail, the Silk District and wider Whitechapel is on the edge of London’s city centre located in the Zone 1 transport network.

In fact, the Silk District is excellently located in between two of London’s largest financial districts, the City of London and Canary Wharf.

 

Strong growth

This part of London is predicted to grow strongly by 2024. The average price growth of the Silk District development is expected to be more than twice that of other new builds in the same postcode.

While London’s financial districts are very close, so too are a number of world-renowned universities including Queen Mary University, UCL, London Metropolitan University and King's College, which are all within 15 minutes.

The Silk District’s close proximity to these financial and educational centres guarantees a steady influx of people looking to rent or buy properties. And with a low price per square foot compared to neighbouring boroughs, the Silk District is ranked top by JLL for future price growth potential.

 

New developments

The Silk District development is designed by Stockwell Architects and features a 24-hour concierge, secured underground parking, a cinema room, a private gym, rooftop gardens and a large commercial space.

 

 

We have already successfully launched three phases of the development and now the fourth phase is ready to launch. For investors, a two-bedroom rental property in the Silk District could command a premium rental price and capital appreciation over the next few years.

Ongoing area regeneration and Crossrail’s arrival is the catalyst for a 25% projected price growth by 2024.

Launching now – The Bouchon @ The Silk District, London E1.

It is the tallest building in the development, rising to 25 floors, offering stunning views of Canary Wharf and the City.

“The Bouchon offers would-be buyers the last chance to buy within our development, The Silk District, which is scheduled for completion in spring 2024,” Jon Hall, sales director at Mount Anvil.

Could Whitechapel’s Silk District be the investment opportunity you are waiting for?

Book a one on one appointment today or contact:
Christine Wong (REN06667)
M: +6012 908 6318
E: wong.christine@ap.jll.com

Register: https://internationalresidential.jll.com.my/event-calendar/18/oct/2020/silk-district-phase-4

 

Download our brochures for more information:

The Silk District, The Bouchon
Download Brochure

The Silk District, The Bouchon
Download Factsheet

Whitechapel Investment Guide
Download PDF
15 Oct 2020

In fact, data from UK's Land Registry reveals Asian are among the top 10 buyers in the Capital. But with the uncertainty over no-deal Brexit and rising property prices, it's becoming harder for buyers to find an ideal investment that can yield good returns.

In this article, you’ll discover why The Silk District in Whitechapel, London E1 is the answer to many investors’ dream of owning a profitable rental property in the Capital.

 

Five-Star Hotel Experience at the Heart of the City

Named after Whitechapel’s historic silk trade, The Silk District is a collaboration between Mount Anvil and L&Q.

The Silk District is designed by Stockwell Architects and features a 24-hour concierge, secured underground parking, a cinema room, a private gym, rooftop gardens, and a 3,500 sqm. of commercial space.

The interior comes with Terrazo-inspired flooring, SMEG appliances, integrated wardrobes, full-height windows, and open-plan living spaces.

An audio visual entry system plus 24-hour CCTV cameras make sure the residents are safe and secure.

For first-time and experienced buyers, The Silk District promises a profitable opportunity to grow their assets.

Here’s why...

 

The Launching Of Crossrail Elizabeth Line

With the upcoming opening of Crossrail, residents can reach London in 10 minutes or less.

That means an increased flow of transport to and from the Capital and a 15.3% growth in rental prices by 2021. (Source: JLL)

What’s more, the Crossrail opening will likely initiate a price growth.

This will bring Whitechapel more in line with its neighbors who are trading 50% to 60% higher.

 

 

Less Than 20 Minutes from Major Employment and Educational Hubs (City of London, Canary Wharf, and Stratford)

The City has a 55% of the workforce between 25 and 39 years old while the average full-time salary is £80,000 (SGD 142,682).

This is the highest of any London borough and 3x the national average.

Canary Wharf is one of three core financial and business services employment location in London.

Experts estimate that Canary Wharf will see another 14% growth in next ten years -- bringing the total number of employees to 234,000 by end of 2026.

Stratford expects 30,500 new students, four new university campuses, and will house Europe's largest shopping mall.

Silk District’s close proximity to these financial and educational centers guarantees a steady influx of prospects looking to rent or buy properties.

 

The Rise of “Generation Rent”

A 2016 analysis from PwC shows that by 2025, 60% of Londoners will be renters.

Dubbed as “Generation Rent” this group aged 20 - 39 years old will boost the demand for private renting across the UK and will continue to do so over the next decade.

 

But why is this so?

Richard Snook, senior economist for PwC explains:

“High prices are making homes in the capital unaffordable to most and could undo a century long trend towards rising home ownership rates - in just 25 years the city has been transformed to one where rental is becoming the norm – especially for younger people”

 

David Snell, partner, PwC, adds:

“With around 60% of Londoners predicted to be renting by 2025 (40% private sector/20% social housing), policy will need to adapt. This could include encouraging a better quality of private rented accommodation including longer tenure periods, and more rental properties designed for families.”  (Source: PwC)

 

For investors, this means a 2-bedroom rental property in The Silk District could command a premium rental price and capital appreciation in the next few years.

 

The £300m Regeneration Plan

The master plan aims to create 5,000 new local jobs, a new street market, seven public squares, a research campus, parks, and a medical research center.

With the regeneration plan underway, investors should expect residential prices to skyrocket by 19.8% between now and 2021 -- outpacing much of Central London.

 

Co-developed by UK’s #1 Company for Health & Safety

For the 5th consecutive year, the British Safety Council named Mount Anvil, developer of The Silk District, as UK's number one company for health and safety across any sector.

 

The developer also received a five-star rating and an audit score of 99.96%.

“Mount Anvil is an exemplar organisation in respect to health and safety management – in the UK and internationally. They are dedicated to world-class health and safety”
- Joscelyne Shaw, Policy Director, British Safety Council

 

Mount Anvil also received two Sword of Honors - a global award recognizing health and safety excellence.

Furthermore, Mount Anvil homes are protected with a 10 Year Buildmark Warranty, in conjunction with the NHBC. This warranty protect landowners for 10 years against structural defects like roof and foundation failures.

And for the first 2 years post legal completion, Mount Anvil, in conjunction with the NHBC, shield investors against defects resulting from failure to meet NHBC requirements.

 

Ready to Invest In The Silk District?

Singaporean investors who wish to capitalize on this opportunity may realize a double-digit growth in prices and rents. 

JLL’s Director of Residential UK Research, Nick Whitten, explains:

“The Silk District in E1 falls into the perfect buyer hotspot, meeting demand for competitively-priced homes in an area with excellent transport links.”

“We expect rental demand for The Silk District to be as strong as the forecasted rental growth of 15.3% by 2022.”

 

Exclusive Launch:

24th & 25th October 2020
Saturday & Sunday | 10am to 6pm
Mandarin Oriental Hotel
Parkview 1, Level 2
Kuala Lumpur

For more information, please contact:

Christine Wong (REN06667)
M: +6012 908 6318
E: wong.christine@ap.jll.com

Register: https://internationalresidential.jll.com.my/event-calendar/18/oct/2020/silk-district-phase-4

05 Oct 2020

The pride of Scotland and a property hotspot

Edinburgh has a lot going for it in terms of having a thriving financial and technology sector, world-class universities and a rich history. It also has lower property prices than London, a high standard of living and is undergoing some major regeneration projects across the city.

Those factors should be more than enough to entice overseas property investors to think outside of London and focus on Scotland’s capital city instead. Edinburgh also has a higher percentage (77.8%) of its working age population in employment than any other major UK city. That makes for a healthy labour market which underpins its strong economy.

Along with its economic and business credentials, Edinburgh is a picturesque city steeped in history and with roots dating back to the medieval times. It has a number of stunning natural and man-made landmarks including a famous castle that sits high above the city.

 

Financial hub

While London is one of the world’s leading financial hubs, Edinburgh is also seen as a significant financial centre within Europe. It is home to a large number of banks, insurers and fund managers.

 

 

In fact, Edinburgh is ranked the number two city after London in terms of economic growth. As a world-class city it attracts a high level of foreign investment as the UK’s second biggest financial centre. It also has a thriving technology scene.

Salaries are also high in Edinburgh and the average hourly pay was £15.00 in 2018, which is at least £1 higher per hour than seven other major UK cities. This could be partly due to the fact that a large proportion of workers are in high skilled occupations. At 37.8% of all workers, this is more than other UK cities, including London. This means a healthy rental market of young professionals.

 

University city

The University of Edinburgh is one of the most prestigious academic institutions in the UK and was ranked 20th according to recent World University Rankings.

Around one-third of the student population are from overseas, and the top five nationalities are China, the US, Germany, Canada, and Italy. This highlights Edinburgh’s appeal to an international audience.

 

 

Property opportunities

Edinburgh has long been viewed as a highly desirable place to live which means housing in the city is in high demand. Edinburgh has achieved 6% growth for residential property prices between 2018 and 2019 exceeding London, making it attractive for those looking for capital growth.

But it also offers plenty of potential as a source of income with a large pool of renters. We note that a quarter of homes in Edinburgh are privately rented compared to the UK average of 16%. The vast majority of them are owned by buy-to-let investors.

On the back of a critical shortfall in housing supply, we expect Edinburgh to be one of the top-performing residential markets in the UK over the next five years.

 

Modern city

Alongside its rich history, Edinburgh also boasts lots of modern facilities, more than 50 theatres and four respected universities. Plus many parts of the city are being regenerated including St James Quarter which is undergoing a £1 billion facelift.

New Eidyn is a new development being built in the heart of St James Quarter. It will include 152 beautifully-crafted apartments with spectacular views of the city.

What’s unique about New Eidyn is that it will be located above the new St James Quarter lifestyle destination which includes four floors of shopping, dining and leisure facilities.

 

 

The apartments include access to a private residents’ garden, underground car parking along with membership rights to the neighbouring W Edinburgh hotel’s gym.

These are high-end features for a development that could become one of the standout attractions of Edinburgh’s regeneration.

The UK is an attractive place to invest for overseas property buyers and many are now venturing further afield to look at other major cities across the country. Edinburgh should be high on that list.

 

For further information, please contact

Christine Wong (REN06667)
M: +6012 908 6318
E: wong.christine@ap.jll.com

 

New Eidyn - Launching in Malaysia on 3rd October

Register now

 

 

29 Sep 2020

The Portman Estate is investing more than £250m into fashionable Marylebone to create a new residential hotspot in the heart of London W1

 

London is consistently one of the most popular global cities for overseas property investment, and a prestigious Central London postcode is the gold standard for wealthy buyers and professionals who want the best of the city on their doorstep.

Extensive regeneration continues to offer new opportunities to live and invest in London's most fashionable districts, among them Marylebone.

A stone's throw from Oxford Street and Mayfair, surrounded by Royal Parks and a popular boutique shopping and dining destination in its own right, Marylebone in the Borough of Westminster is one of the most central and best-connected areas of London.

The residential sales and lettings markets in Marylebone have remained robust over the past few years, and JLL expects growth to accelerate as the ongoing regeneration and forthcoming high-speed Crossrail services at nearby Paddington station draw more investment to the area.

 

Marylebone's transformation is centered on The Portman Estate, a mixed-use neighborhood covering 110 acres of prime Central London real estate that dates back to 1532.

Working with some of London's most esteemed property developers, the Estate is investing more than £250m into Marylebone and surrounding areas over the next decade to improve living standards even further, bring more new and refurbished properties onto the market and ensure their long-term growth prospects.

 

Village in the city

Despite its central location, Marylebone has held on to its village charm, particularly among the Georgian architecture and independent retail streets of The Portman Estate. The wider Marylebone area is famous for its specialist stores and home to several Michelin-starred restaurants, making it a popular destination for discerning Londoners looking for a more authentic alternative to the global brands of nearby Oxford Street and Regent Street.

Part of London's artistic West End, Marylebone also has cultural experiences to entertain and inspire locals all year round, from the eclectic art exhibitions at The Wallace Collection to music recitals at the legendary Wigmore Hall.

Nature lovers and families have two sprawling Royal Parks in walking distance – 350-acre Hyde Park and Regent's Park with its iconic zoo – and many of London's highest-rated schools, colleges and universities are just minutes away on the Underground, including King's College London, University College London, Imperial College London and the London School of Economics.

 

 

At the center of London's transport network, Marylebone is exceptionally well connected to all parts of London and further afield by local Tube stations such as Marble Arch and Edgware and nearby Paddington station, offering high-speed connections to financial district Canary Wharf in just 17 minutes and London Heathrow Airport in 34 minutes on the Crossrail Elizabeth Line.

With the opening of Crossrail now delayed until the first half of 2022, investors in London property can still look forward to the anticipated rise in demand and house values once services begin.

 

Meticulous living spaces

Located in the west of The Portman Estate, TwentyFive is the new flagship residential development of the area that's already welcoming overseas investment.

Developed by Native Land, TwentyFive offers 23 meticulous studios, one, two and three-bedroom lateral apartments and two lateral penthouses across eight floors.

The mixed-use building also includes over 44,500 square feet of office space at OneThreeSix and four retail units, setting a new standard for high-end living and working locations in London.

 

 

Designed by architects Stiff + Trevillion, the eye-catching development makes the most of its stunning location with dual aspect views in most units and Juliet balconies for all.

The spacious contemporary interiors by MSMR Architects use natural oak and stone, light color palettes and reflective surfaces to set a calm and airy atmosphere to help city dwellers unwind.

 

 

Residents can also access a private gym, a pool and spa at the neighboring Marriot Hotel, concierge services, secure underground car parking and other amenities, alongside the perks of a central London W1 location.

 

For further information, please contact JLL:

Christine Wong (REN06667)
M: +6012 908 6318
E: wong.christine@ap.jll.com

 

Twenty Five - Launching in Malaysia on 3rd – 4th October

Register now

22 Sep 2020

While London continues to entice property buyers and investors from all over the world, some savvy ones are looking outside the capital where prices tend to be cheaper – ‘where prices are seen as better value 58% migration into areas like Staines-upon-Thames is from London’.

Not only are prices lower once you leave the city, but many prefer the quieter suburbs and the slower pace of live living on the outskirts of a major city like London. The suburbs have an abundance of green space, parkland and a wider range of schools and other amenities which have proven more important than ever.

Thankfully there a number of leafy areas on the outskirts of London to choose from.

One such place is Staines-upon-Thames, a picturesque town nestled on the outskirts of London, on the River Thames yet only a 35 minute train ride from the city centre.

This part of the UK enjoys average residential values that are £100,000 (S$180,000) less than in central London.

 

 

Hidden gem

Eden Grove is one such development that could tick all the boxes for investors looking for lower prices than the capital, a new-build complex and plenty of perks for residents including a gym, co-working space, private cinema, landscaped gardens and a 24-hour concierge.

Launching in September, Lavender House will be the first phase of the Eden Grove development.

It will be the tallest residential building in Staines-upon-Thames offering spectacular views of the countryside.

It sits in the beautiful Surrey countryside neighbouring historical Ascot and Windsor with Windsor Castle only 14 minutes by car along with the famous Eton College.

 

 

There are also more than 20 independent schools within a six-mile radius while Heathrow Airport is a 10-minute drive away.

“It is a rarity to find a premium newly built residential opportunity not only just a short walk from the River Thames and in close proximity to the English countryside but also benefiting from exceptional transport links to Central London and Heathrow Airport.”  Paul Vallone, Executive Chairman St Edward

 

 

Growth potential

Not only is it a pleasant residential area but Staines-upon-Thames is the number one growth area in the UK for new companies to set up. including world-class businesses Netflix, Samsung and BP.

Given this, Staines-upon-Thames is in the top 10% locations across the UK for economic growth potential.

 

Another strong point is the growth potential of property prices in Staines-upon-Thames.

Property values in the area has grown 22% in the last five years and are forecast to grow by a healthy 7.6% a year from 2020 to 2024. This offers plenty of upside for capital growth while providing decent rental income.

 

‘’We expect history to repeat itself with Greater London and South East locations performing the strongest as we emerge from the COVID-19 crisis, just as they did coming out of the Global Financial Crisis. Once the dust settles house prices and rents will begin to grow again from as soon as 2021 in locations with strong demand fundamentals such as Staines-upon-Thames.’’  Nick Whitten – UK Head of Residential JLL Research

 

A one-bedroom apartment is expected to earn up to £1,575 a month in rent while a two-bed is estimated to earn around £2,000 a month.

The developer of Lavender House is St Edward which is a joint venture company between M&G Investments, owned by Prudential, and property developer Berkley.

 

 

While London has always attracted global property buyers, a new breed of overseas investor is now looking further afield at the hidden gems that the UK has to offer. These come with an enticing combination of lower prices and greater growth potential.

 

For more details about Eden Grove,
you may contact Christine Wong (REN06667)
M: +6012 908 6318
E: wong.christine@ap.jll.com

 

Attend the Malaysia launch on 19-20 September 2020, 10am-6pm

Register here.

 

 

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08 Sep 2020

In recent years, London has seen phenomenal growth in property prices which is testimony to its economic stability and attractiveness as a great place to live. This has put it firmly on the radar of property investors, keen to tap into these rising prices while also earning a decent yield from rental income.

Foreign buyers particularly like investing in London, and strong overseas demand is helping to keep property prices in the capital edging upwards. Many are drawn to its glitzy and star-studded districts like Chelsea and Kensington.

But there are a wide number of areas being regenerated across the city by the UK government which could attract even more buyers to invest.

These regeneration projects tend to be in older neighbourhoods in need of fresh capital to help revitalise them and spark economic growth. This provides an excellent opportunity to invest as property prices are generally lower than other parts of the city, but offer greater potential for capital growth.

Billions of pounds are being invested across many parts of London including its East End. This money will go towards improvements to infrastructure and amenities in those areas and create increased demand for housing. Developers in the UK are often instructed not just to build residential buildings, but also to create new community hubs for residents to live, work and play as part of the regeneration.

TwelveTrees Park is being built in the borough of Newham, in the heart of London’s East End where a number of these regeneration projects are happening. It’s one of the most highly anticipated large-scale developments in London given its enviable location and connectivity.

Newham is already home to a highly-successful regeneration project in the form of Olympic Park which was revitalised for the 2012 Olympic games. More than £1billion is now being spent on developing the park further.

 

Growth potential

Newham’s population is expected to grow in the next few years to more than 380,000 making it comparable to many of the UK’s smaller cities. This will create a need for more housing in the area, including new builds like TwelveTrees Park.

Figures show that house prices in this area have already been growing strongly and should continue to do so as the regeneration projects take shape.

Property buyers are likely to be drawn to TwelveTrees Park because of its connectivity to other parts of London and the enviable greenery it offers, along with its growth potential.

This new development will be set in 12 acres of open green space that includes landscaped gardens and a WiFi enabled park. In fact, more than half of TwelveTrees Park will be dedicated to green space.

The ambitious development will include around 3,800 homes – a mix of studios, one, two and three-bedroom apartments along with exclusive penthouses – spread across the vast green space. This offers plenty of price points for property investors for TwelveTrees Park, which will be completed by 2024.

 

 

Getting connected

Connectivity is a strong point of TwelveTrees Park, as it’s only a one-minute walk from West Ham station, which is linked to five rail and tube lines offering fast and regular links to the city centre and beyond.

The location also has quick access to the high-speed Crossrail network, while London City Airport is just 10 minutes away. Investors like to buy properties close to public transport as it makes them much easier to rent out.

Those living in the development will have access to a residents’ gym, business lounge, screening room and 24-hour concierge service. Such features are attractive to tenants and should help achieve higher rental incomes.

 

Sweet spot

“Twelve Trees Park (TTP) hits the mark on three different distinct criteria – location, transportation and regeneration. With 5 lines connecting this mixed-use development to the rest of the city, TTP will be known as one of the top connected development in London and a jewel in the rejuvenation of East London.” said Christine Wong, Head of International Residential, JLL Malaysia.

As TwelveTrees Park enters its early sale period, now is seen as an excellent time to gain a first-mover advantage and invest. The growth potential and location are major attractions likely to spark strong demand.

 

Download Factsheet

 

For more information, please contact:

Christine Wong (REN06667)
M: +6012 908 6318
E: wong.christine@ap.jll.com

 

13 Apr 2021

Berkeley Group's GBP1 billion redevelopment project will benefit from easy access to Heathrow, Canary Wharf, the City of London, and the soon-to-open Elizabeth Line Crossrail. Property prices have already risen by 66% within a mile of Crossrail stations. 

The London property market is starting to pick up steam after months of uncertainty due to the current health crisis.

 

Research from Jones Lang LaSalle (JLL) forecasts an upward trend in London’s housing market in the next four years. While sales remain subdued currently, there are signs of growing sales activity since the market reopened, says Widya Lesta, head of international residential at JLL. “With recovery in transaction volume, we should expect prices to increase in London by the middle of next year. It is already deemed the best performing real estate market in the UK.”

While most buyers rush to inner London for bargain properties, savvy investors know that lucrative investments lie in outer regions — where massive regeneration projects are underway in conjunction with the opening of the Crossrail.

One example is Southall in West London which is enjoying a sustainable growth f0r the last five years. For instance, the average price of a property sold at Southall was GBP298,715 back in 2015. Fast forward to March 2019, the average sold price soared to GBP397,354 ($697,500) — a 33% jump from in four years.

Over the corresponding period, the average house price in London increased 14% from GBP402,898 to GBP459,800.

In just the last 12 months, average prices of houses sold in Southall increased 4.07%. And with the arrival of the Crossrail later this year, anticipation is running high as the Berkeley Group spearheads one of the most ambitious redevelopment schemes this side of London: Southall Waterside. 

 

Image: Berkeley Group

 

It is Berkeley’s most ambitious regeneration program to turn an 88-acre (35.6ha) former gasworks into a luxury complex with 3,750 residences. It will have generous green spaces and a vibrant community when completed.

 

Photo: Southall Waterside, day view (computer generated image is indicative only)

 

Berkeley Group’s regeneration projects: 10 years of unprecedented success

Being one of the pioneers in the residential and luxury rental sector, Berkeley Group has achieved success over the past 10 years by turning tracts of idle land into real estate hotspots. “We specialise in regenerating these areas,” says Rob Willis, Business Development Manager for Berkeley Group Singapore. “And what we have seen is that time and time again, regeneration has had a positive impact on capital values.”

Willis points to Berkeley Group’s Royal Arsenal Riverside as an example. Prices were at GBP250 psf in 2010, and now 10 years later, it is closer to GBP1,000 psf.

The same can be said about Woodberry Down: A one-bedroom apartment priced at GBP275,000 in 2012 was commanding up to GBP540,000 in 2018 — “a 96% increase in just six years”, says Willis.

Kidbrooke Village in Greenwich is another example. A studio or “Manhattan suite” that cost GBP262,000 in 2010, fetched a price of GBP350,000 by 2018.

"These examples show how regenerating a place increases its value, regardless of market conditions," says Willis.

Chart 1. Where regeneration by Berkeley has driven capital values (Royal Arsenal Riverside).

 

Chart 2. Historic price growth for a 1-bedroom apartment (Woodberry Down)

 

Chart 3. Where regeneration by Berkeley has driven capital values (Kidbrooke Village)

 

One of the latest projects offshore property investors should focus on is Southall Waterside, Berkeley’s most ambitious regeneration program that will turn an 88-acre gasworks into a luxury complex that houses 3,750 residences.

 

Your doorway to the capital and the rest of the UK

Southall Waterside conveniently sits between Heathrow and the West End. It provides fantastic access to the whole of London in the East and to the rest of the UK in the West.

“One of the key offerings of Southall is accessibility across London, and also out into the West of the UK,” says Willis. “This will be further enhanced by the opening of Crossrail next year. This means you can be located in Southall, but be in Paddington, Zone 1, in just 14 minutes."

Furthermore, the project is at the epicenter of London's international business scene — making it attractive to professionals who wish to stay close to their place of work or business.  The headquarters of blue-chip companies such as Microsoft, Visa and Vodafone are just 14 minutes away by Crossrail.

The headquarters of other multinational firms such as Facebook, Google and Regus are only 19 minutes from Southall via Tottenham Court Road.

Of course, there's Canary Wharf, London's business hub, which is only 31 minutes away.

"By car, you can get to Stockley Park in just 23 minutes, where you can find big-name tech brands like Apple, Toshiba, Canon, and Sharp," adds Willis.

He sees Southall Waterside “in high demand” from employees and students throughout London and the UK.

 

A promising long-term investment 

When it comes to opportunities, Southall Waterside offers a promising capital growth — similar to the previous Berkeley regeneration projects.

"A regeneration project like this offers a fantastic chance to invest because you can then grow with the development as it becomes one of the key villages in West London," Willis comments.

According to him, property owners who wish to rent out their investment property may expect rental returns of around 4.4% to 4.7%, which is a competitive rate for such a location.

In addition, Southall Waterside will benefit from the massive GBP1.9 million investment in infrastructural works from roads, public spaces and improvements to the Crossrail station at Southall that will provide easy access to London's top business and employment destinations.

 

Exclusive residence with world-class amenities

In terms of facilities, Southall Waterside will offer the same services found in Berkeley’s Zone 1 and Zone 2 developments.

There will be a residents-only lounge suitable for work-from-home renters, a luxury spa, gym, 24-hour concierge, an electric car charging station and a cycle store.

Southall Waterside will also feature a 1.2km frontage along the Grand Union Canal, including a canal-side community facility where people can meet and dine at their leisure.

 

Photo: Canalside view (computer generated image is indicative only)

 

Meanwhile, the interiors are provided with topnotch fixtures and fittings that are integrated within the development and built to work from Day 1. In other words, investors can essentially rent out their units right away.

Southall Waterside will comprise suites, one-, two-, and three-bedroom apartments that offer spacious living. For example, a Manhattan suite has a total living area of 500 sq ft, which is ideal for a studio sized apartment.

A two-bedroom apartment has an equally large living area and bedrooms, making them appealing to prospective renters. Even the one-bedroom units offer plenty of space in terms of working and living area.

Lastly, investors will receive a 10-year warranty and a two-year policy with a Customer Service on hand 24 hours a day to deal with inquiries.

 

Photo: Interior (computer generated image is indicative only)

 

Find out more at the Southall Waterside launch

Phase 1 of the project is well underway, and judging by its UK release, it will be just a matter of time before all the units are taken up.

Photo: Interior (computer generated image is indicative only)

 

JLL Malaysia is inviting serious property buyers to make a grab for this latest project while slots are still available.

For more details about Southall Waterside, you may book for their live events or one-on-one meetings on the following dates and times:

DATE: Sunday 26th July 2020
TIME: 10am–6pm
PLACE: Parkview 1, Level 2, Mandarin Oriental Hotel, Kuala Lumpur

 

Strictly by appointment only. To register, please contact:

Christine Wong (REN06667)
M +6012 908 6318

 

 

 

 

21 Jul 2020