Plumstead is becoming one of the most popular areas in Greenwich. It is enjoying new developments with Crossrail arriving and a potential development that will create 900 new homes. On top of this there are two popular Commons and more open spaces at Shrewsbury Park. The local schools are highly rated, making the location excellent for families.
The big reason Plumstead is becoming one of the most interesting locations for property investment Greenwich has is the community feel. The area surprisingly feels like two separate towns; one around the high street and railway station and the other up the hill near Plumstead Common. The latter has a very strong community established on the fight to preserve the commons land. In the past there were plans to develop the land but locals worked to save it. Ultimately the Common was given protection in perpetuity.
Plumstead Make Merry is an annual celebration of music, art and activities that draws on the history of the area and the diverse culture. It is the longest running festival in the Borough of Greenwich. The first one was held in 1975 and since then there has only been one year (2011) when it was not held.
Crossrail is set to arrive in December 2018 in neighbouring Woolwich at the Royal Arsenal. The close proximity to this new transport link will attract many people to Plumstead. Once the service is up and running commuters will be able to reach Canary Wharf in just 8 minutes on the Elizabeth Line. Walking or taking a bus to the station in Woolwich will be possible for people living in Plumstead.
The property scene in the area is good, offering Victorian terraces of varying size. Some of them need modernisation and could prove to be very good investment opportunities if the price is right. Prices could rise as a consequence of Crossrail so the potential is good.
If you are looking at property investment Greenwich has plenty of great options to suit different needs. Plumstead is definitely worth considering, especially if you want to live in an area with an abundance of protected open spaces.