Plumstead is a popular area because it has maintained a strong sense of community for hundreds of years. There are plenty of reasons to live in the area, from the more affordable prices to the greenery and local amenities. The area is well connected even though it is in Zone 4, providing regular trains to London Bridge. The trip takes less than half an hour.
In the last few years there have been a number of noteworthy investments in Plumstead. In 2016 £11.2million in funding was secured to create a new library, leisure and cultural facility in the area. The development provided new, modern services to locals and took a step towards improving the town centre.
At the start of 2018 additional plans to improve Plumstead town centre were revealed. Greenwich Council submitted a £3.01million regeneration plan for the High Street to the Good Growth Fund. This could transform the area, benefiting local businesses and new start-ups. One part of the project new businesses will appreciate is the work to create 60 new office spaces in the local Power Station. At least a third of these will be saved for start-ups.
The decision for the High Street regeneration is expected to be made in spring 2018. If the bid is successful the Good Growth Fund will provide some of the funding and Greenwich Council will provide the rest. As soon as this is finalised work can begin on the redevelopment.
The project could be fantastic for the local area and encourage more people to look at living here. Plumstead is already one of the most interesting locations for investment properties Greenwich has to offer. It has character, diversity, and plenty of good amenities such as schools, transport links, and green spaces.
Finefair is on hand to help people who are considering investing in properties in the area. We have a wealth of experience to share, understanding not just what it takes to find a property but what is involved in being a landlord. As a result we can offer advice and an array of professional services.
If you would like to discuss ideas with us please get in touch. We are committed to offering the best services for investment properties Greenwich investors can ask for. We will adapt to suit your needs and ensure you get the best possible value.