What Are London’s Best Riverside Options?
If ever there was a subject that someone would want to speak to London property experts about, it is finding the best riverside locations to invest in.
A key reason for this is that the areas on either banks of the Thames provide a very eclectic range of different options, in terms of price, distance from the centre, transport options and price.
For example, there are many locations that have long been established as popular and fashionable places to live, with older and attractive properties close to the river and often very near some of London’s finest attractions.
On the other hand, there are many exciting new developments, such as the huge Nine Elms development between Vauxhall and Battersea on the south bank, the ongoing developments in the Docklands, or the 10,000-home Barking Riverside development in the east of the capital.
The Nine Elms project has certainly had plenty of interest, both in the UK and overseas. With Battersea Power Station acting as a major focal point and being redeveloped by a Malaysian consortium and a plethora of skyscrapers rising up, this is clearly a centre of major activity.
Indeed, interest may have taken a step forward this week with the opening of two new Tube stations – Nine Elms and Battersea Power Station – on a new spur of the Northern Line. The fact these were on time and under budget may raise eyebrows among those troubled by delays to other transport projects.
However, it is also worth being on the look-out for bargain alternatives. This week, the London Evening Standard suggested Thamesmead, which lies by the river in the south-east of the capital, offers some excellent options, quoting research by local estate agents Martin & Co putting the average house price there at £281,000 – around £350,000 than the London average.
With so much choice, it is wise to get talking to the experts to find the property that suits your plans best.