Wellington Quarter | Woolwich
Location: Woolwich, Greenwich, London UK
Prices From: £392,000
Yield: Expected yield of 3.6% per annum
- Premium town centre residence with 1/2/3-bed apartments
- Four-minute walk to Woolwich Arsenal rail station: 27 minutes to Bank station!
- Seven-minute walk to future Woolwich Crossrail station: Eight minutes to Canary Wharf, 14 minutes to London Liverpool Street, 21 minutes to Bond Street; 50 minutes to Heathrow Airport
- Apartment sizes from 566 to 997 square feet
- Leasehold 250 years
- Estimated completion Q3 2019
- Up to 65% LTV available (minimum cash investment of £149,000 needed)
- Projected gross yields of up to 3.6%
- Starting from £392,000
Located in Woolwich’s bustling town centre, Wellington Quarter is situated in an area that JLL have predicted will see house price growth of 39% and rental growth of 35% between 2016 and 2020.
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, Woolwich Common is projected to see 48% population growth by 2041 from 2011’s figures, while Woolwich’s Riverside regeneration is driving a population boom of 123%, forming a combined average growth of 87% for the two wards in which this investment lies.
Crossrail is also promoting huge regeneration in the area. 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.
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% between 2016 and 2020, second only to Whitechapel at 36%.
Overall, Woolwich is forecast to be an outperformer, thanks mainly to the impact of Crossrail and associated regeneration investment, 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 March 2017 alone, average asking prices for flats in Woolwich had increased by 13%.
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% aged 20 to 44. Currently Greenwich sees 60% of its working residents commute into the city, highlighting the importance of the London transport infrastructure. The local economy is strong too, with 20% working within the borough.
Wellington Quarter offers the best of both worlds, a boutique luxury development located within the commercial heart of vibrant Wellington Street, for comfortable and convenient living.
Wellington Quarter offers the best of both worlds really. The four-block town centre development is just a four-minute walk away from Woolwich Arsenal station and a seven-minute walk to the future Crossrail station due to open in 2018. The development is also conveniently located next to Woolwich library, Tesco and Woolwich Town Hall. Each high-specification apartment features a spacious interior for comfortable and ease.
With prices starting from £390,000, Wellington Quarter is an excellent opportunity to own prime London real estate that will see significant capital growth in a short period. Still having 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.
For more information on this boutique luxury development, please fill in the form on the right today.
1 & 2 bedroom apartments:
- White painted walls and ceilings from Dulux
- Vinyl wood flooring (tawny oak or frosted birch)
- Modern Ivory natural tiles, or similar, (bathroom floor and side of bath)
- Carpet – Velvet type to bedrooms
- Full range of kitchen units Paula Rosa or similar (symphony or similar) and appliances cooker, hob, extractor hoods, washer / drier, make Bosch or similar.
- Duravit wall hung basin
Kaldawei bath (or similar)
Wall hung Duravit WC
Wall mounted chrome towel rail
Electrical underfloor mat
*For full specification please refer to brochure