Investment properties in Ealing can offer great prospects

Greenford is one of the largest suburban areas in the London Borough of Ealing. Plans to regenerate a 20.3 acre site in the area took a step forward at the end of September with developers submitting a new planning application. This followed a consultation with local residents. This brought changes to the original plan to account for their concerns.

The first proposal for the old GSK and J. Lyons site would have seen 2,060 homes created on site. The consultation revealed concerns about the impact the increase in residents would have on local services such as schools and GPs. The plans have been adapted, with the new submission planning 1,965 homes, retail and leisure facilities, and offices. Land will also be allocated for the creation of a new primary school and healthcare facility.

The fact that the plans have been changed to account for the concerns of residents show that the regeneration is focused on providing the maximum benefit to the community. The project is certainly an interesting one and permission could very well be granted so that work can begin.

The 1,965 homes will be based in seven main buildings. They will range in size from studios to three bedroom apartments, catering for various requirements. Of the properties the plans state that 526 will be available for sale whilst the remaining ones are earmarked as rentals. This caters for the different housing demands in the area. Discussions are underway to determine how many of the properties will be designated as affordable.

The Borough of Ealing is proving to be a very attractive area for investment properties due to the maturing market. The conditions are great and the potential to make great returns is attracting a variety of investors. If you are considering doing the same or already own property in the area and want to let it out you can find support and professional services at Finefair.