Architects in London are aiming to provide thousands of future proof and lower cost homes in the London waterside district, where values are 30% lower than the neighbouring Canary Wharf. The first location has been confirmed by the riverside and will consist of 310 homes aimed at families, the first built since the 1980s in the city.
Neighbourhoods will be inspired by Georgian design principles, offering first floor drawing rooms and containing elements of Bedford Estate in Bloomsbury, where the homes are set in uncomplicated patterns mixed with public parks and gardens. Around 50% of the neighbourhood will be green space, designed to promote fitness and health, as well as activities coordinated from the leisure complex on-site. The thought behind this is that activities such as cycling, circuit training, outdoor yoga, and jogging can take place on spaces by the riverside.
The houses themselves will be designed with floor plans to suit young families and with roof terraces that allow toddlers to play safely in. Long term aspects have also been considered and families will be able to grow with the home, eliminating the need to build an extension to create space or relocate in the near future. With the current property market it is difficult to find London family homes for under £500,000. This initiative to build affordable housing for families is great news, especially for investors. Now is a great time to start investing in property near to the riverside.
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