Finding the right opportunities to invest in a property can be difficult but Finefair can help. We are the top team to work with if you are looking to find the best investment properties Tower Hamlets has. Our knowledge of the area as well as an ability to offer a wide range of services makes us a team to rely on.
Chrisp Street Market in Poplar is a big part of the local community. It was built in 1951 as part of the Festival of Britain, becoming the very first purpose-built pedestrian shopping area in the UK. There are traders in the market who have had stalls for decades.
Management of the market went over to Poplar Harca in 2006. Since then there have been plans for regeneration. These took a huge step forward recently when Tower Hamlets Council gave them a green light to proceed. The plan is to create a new thriving centre for the area, ensuring it benefits the community.
The proposals will regenerate the area, allowing the creation of a new cinema, an updated market with more stalls and new commercial spaces, a play area, and also new green spaces. The clock tower and other landmark buildings from 1951 will remain.
A local ex-council estate will also be replaced with new housing. In total there will be 643 new homes. An impressive 35% of them (200) will be affordable, with 135 for social rent, 27 Living rent, and 37 for shared ownership. The rest will be for private sale. As a result there will be opportunities for various kinds of tenancy.
One of the concerns about the work is the lack of parking. There is a no car scheme and some traders have worries that this will deter shoppers. Fortunately there are good local transport links and the plans make allowances for disabled residents and deliveries for traders. The developer will also look at making changes in the future if the lack of parking does affect trading.
The changes to Chrisp Street Market and the wider area could have a very big impact. The benefits to the community may encourage more people to live here. It might also make the new properties more attractive.
If you are looking at investment properties Tower Hamlets has some really good ones. Finefair can help with the search and offer useful services if you are thinking about taking on tenants. Contact us today to find out more.