Yes, believe it or not there is property life beyond Central London. Outside “Zone 1” of the Public Transport Zone in London, a great deal of what is considered London Property Market Growth is starting to slowly bloom. Places such as Dartford, Croydon, and Blue Water which are only 20-30 minutes away from Central London are starting to go with the flow and have started to have build their own “exclusive” Property Developments. This means slight lower prices due to its location, however a compromise for a train journey away from Central might be just worth it. If you see the plans for Dartford;
The Bridge, Dartford
One of the county’s most innovative developments, The Bridge, is now underway following a Development Agreement between Dartford Borough Council and ProLogis Developments Ltd. The project will see the old Joyce Green Hospital and Littlebrook Lakes site at north Dartford transformed into a new and vibrant community. The Bridge will encompass 1,500 high quality homes, a science park with innovation centre, business park and a ‘primary school of the future’ at the heart of the new residential area.
George Wimpey plc will be developing the first phase of 1,100 homes over the next seven years, which will be set among the existing environment of mature trees and water ways. ProLogis, the world’s largest distribution company, will be at the helm for the office, industrial and distribution development.
The 264 acre project will also be a vital link in the new Fastrack transport system, which will connect Dartford and Gravesend town centres with Bluewater, Darent Valley Hospital and Crossways Business Park. A new bridge is to be constructed over the M25 to provide a Fastrack route between Dartford Station, Temple Hill and The Bridge to Crossways.
The Area for Regeneration
A nice River Side Estate coming in. It has the similarities of the Properties Developments surrounding ExCel near Canary Wharf. So don’t just limit yourself to Central London because you can easily get great returns on Properties outside Central London. Especially if you are a first time buyer it may be in your interest to look outside Central London.
All the best!
Source: http://www.kentpropertymarket.co.uk/regeneration/thameside.htm
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