Canada Water, Southwark saw gentrification in the 80s following the closure of the docklands. As part of this a large portion of the dock was infilled. The development led to the creation of new low-rise housing, a shopping centre, and a wildlife reserve. An extension of the Jubilee Line in 1999 added a station and increased connectivity.
The plan for the area received praise at the time but developments have not aged very well. This has led to a second wave of redevelopment. Over the next 15 years the area will transform, seeing the creation of new housing, amenities, and open spaces.
British Land is in charge of a £2billion project in the area. They aim to submit plans to Southwark Council’s planning committee in spring 2018. If permission is granted construction on a brand new town centre for the area can begin later in the year.
In addition to this there are many other plans in the works. For example King’s College London is is building a new £400million campus in the area and student housing. In addition there will be numerous new flats on Quebec Way. The Decathlon site will create 1,000 homes and all kinds of amenities, including a new cinema, health centre, and sports facilities.
A good property mix
The property scene in this part of Southwark is very interesting. There are still plenty of 80s and 90s low rise homes to choose from. On top of this there are new developments of flats, homes, and warehouse conversions too.
The big advantage Canada Water has to offer is the easy connectivity to Canary Wharf and the City. This makes it the perfect destination for people who work in these areas but want to live outside of them.
The new homes created could hold impressive investment potential. Finefair is here to help any investors considering them. We provide an array of different services so we can meet a variety of needs. It is worth noting we are one of the best for council leasing Southwark has to offer. This is a service landlords considering long term gains should consider.
The thing that really makes us stand out is how approachable and knowledgeable we are. If you have any questions or would like to discuss council leasing or other services with us, please get in touch.