Camden has a very interesting industrial history. Signs of are still visible in parts of the Borough, including the train lines running through the Borough and the array of old warehouses and factory buildings.
The old buildings and infrastructure in the area was a negative for many years but attitude have changed dramatically recently. Now these old unappreciated properties are prime for regeneration into new homes.
Rising prices brings opportunities
The inspiration for the new wave of development is the performance of property prices in the area. According to figures from CBRE prices grew by 13.7% in 2017, outperforming every other Borough in the capital. This growth has attracted more investors looking to find the best opportunities for property investment Camden has to offer. Frequently the best options are regenerating old buildings such as undeveloped canal-side factories and old industrial facilities.
There are a number of noteworthy developments already taking place. Arlington Lofts will see a former electrical substation become 16 new warehouse style flats. The original 1930s facade of the building will remain. MOY’S is another interesting project, turning an old engineering works into eight flats and creating two offices. The building is iconic because the first electric camera was made here.
Large scale projects
There are some large scale projects alongside these smaller redevelopments. Camden Courtyards will bring 164 flats. The building was once an optical works but will change to make the new homes. A two storey extension will be built on the roof as part of the project.
Camden Council is also participating in the regeneration. They plan to create up to 3,000 new homes by selling off land to developers and regenerating old estates. This is all part of a large investment programme in local communities.
There are many reasons why you should have a look at the potential returns from property investment Camden has to offer. The area is likely to remain very popular because it is so central, has great amenities, and attracts a very diverse crowd. In addition prices are still somewhat behind prime areas like Westminster and Kensington and Chelsea.
If you want help to explore the property scene in Camden Finefair can help. We support all kinds of investors and strive to help them determine the best possible strategy. Contact us for advice and to learn more about the area.