The property market in Woolwich, in the London Borough of Greenwich, has seen a significant increase in activity over the last few years. There are several reasons behind this. Many attractive new homes have been built in the area in recent times, and there have been numerous building developments such as the construction of the 20-storey Vantage tower and the redevelopment of the Royal Arsenal site. It has even been referred to as the “Shoreditch of the South” due its rapidly increasing desirability. More and more people are also searching for investments and homes outside the centre of London, which has naturally brought more attention to the town.
One of the most appealing qualities of this area is the fact that property remains relatively affordable when compared to many other parts of inner London. Woolwich is also one of the areas which stands to benefit the most from the new Crossrail development, as it will be home to one of the ten new stations along the line and will experience some of the largest reductions in journey times.
Travel between Woolwich and Heathrow will be cut in half after the new railway system opens, adding a real selling point to investment properties here. In fact, Woolwich has been predicted to experience the second biggest property value increases in London with uplifts of 52%, with only Whitechapel expected to undergo greater growth. Prices are already rising, making this the perfect time to invest.
It seems clear that Woolwich is one of the most exciting up-and-coming areas for investors. If you’re looking to get on the property ladder in the capital, Woolwich could offer many fantastic opportunities for you, but it’s important that you make the right choices when it comes to spending your money. We can advise you on the best locations and properties to help you make the most of your investment and optimise your returns. Contact us today to find out how we can help you to find the most suitable investment properties in Greenwich and beyond.