Park Royal: A First-time Buyer’s Dream in London’s Savvy Investor Hotspot
Delivering on its promise to establish a thriving new area in the capital, the Park Royal and Old Oak regeneration project, which launched in 2015, will soon see the completion of the sought-after new home development, Regency Heights.
Fairview New Homes launched Regency Heights as part of a £26 billion regeneration masterplan backed by the London Mayor, which will deliver over 25,000 new homes over the next four decades and generate 65,000 new jobs. The area will soon be home to two new ‘super hub’ railway stations, the much-anticipated Crossrail and HS2, making it the only high-speed rail interchange in the UK.
Starting from £375,000, Fairview’s Regency Heights apartments make for an excellent opportunity for first-time buyers looking to affordably get onto the property ladder. For example, a 566 sq ft west-facing one bed apartment – available from July 2021 – costs £395,000, almost £100,000 cheaper (-£95,000) than a similar apartment two miles north of Regency Heights with less square footage (-25).
The investment in housing, facilities and infrastructure means early buyers will expect to make an excellent return on investment in years to come, as the regeneration project evolves.
Alex Rose, Director of New Homes at Zoopla comments: “Regeneration areas, which often benefit from good amenities and infrastructure, are a great choice for first time buyers. With the completion of Crossrail and the Elizabeth line, now is the perfect time to invest in developments like Regency Heights as our data indicates these projects will boost demand in the area. This will in turn have a knock-on effect on house prices, which are likely to increase as a result.”
The Regency Heights comprises 499 one, two and three-bed private apartments. One-bed apartments start from £375,000, two beds from £450,000 and three beds from £600,000. In the current phase of release, there are 40 apartments available include a mix of one, two and three beds in Baronet House, with the final phase release in late summer 2021.
With an onsite nursey in the final stages of completion and a car parking space for every three-bed, Regency Heights is also a brilliant hub for growing households. Some two-beds have the options to purchase a private parking space also.
As well as offering calming green spaces, a tranquil lake to the east, and landscaped gardens, all Regency Heights apartments have either a balcony or terrace.
Need to know:
Located in the north west London Borough of Brent, Park Royal was named by the Royal Agricultural Society who opened its showgrounds in 1903 as an exhibition site for the society’s annual show. Over the subsequent decades Park Royal became a hub for industrial activity thanks to its well-connected location by road, rail and canal, and a centre for engineering. Fast forward to present day, and this site is experiencing huge transformation as it fast becomes London’s most attractive property investment hotspot.
Located in Zone 3, Regency Heights is just an 8-minute walk from Park Royal Underground, serviced by the Piccadilly Line, and a 12-minute walk from Hanger Lane Underground, operating the Central Line. Popular commuter and shopping hotspots are therefore within easy reach; travel to Westfield taking 8 minutes, Oxford Circus 22, and Bank 31 minutes.
The nearby bustling neighbourhoods of Ealing and Chiswick are two and four miles away respectively, easily accessed by public transport, and offer an array of gastropubs, popular restaurants, and trendy bars. While great shopping centers and outlets are a short drive, with Wembley less than three miles away, and Brent Cross a 15-minute drive via the North Circular.
Further local amenities include a Co-op onsite, an Asda, a variety of restaurants and cafes, and a PureGym just moments away, while the Central Middlesex Hospital is a 15-minute walk from the development.
For more information on Regency Heights, visit: www.fairview.co.uk/new-homes-for-sale/north-west-london/brent/regency-heights/
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About Regency Heights:
Regency Heights, a Fairview New Homes development, is located within one of the UK’s largest regeneration projects, Old Oak and Park Royal, and is part of a £26 billion regeneration masterplan, which will deliver over 25,000 new homes over the next four decades.
The development comprises 499 one, two and three-bed private apartments, priced from £375,000 – £600,000. Each apartment has either a balcony or ground floor terrace, and residents have access to calming green spaces, a tranquil lake and landscaped gardens.
Located in Zone 3, Regency Heights an 8-minute walk from Park Royal Underground Station, serviced by the Piccadilly Line, and a 12-minute walk from Hanger Lane Underground Station, serviced by the Central Line. The development will be home to two new ‘super hub’ railway stations, the much-anticipated Crossrail and HS2, making it the only high-speed rail interchange in the UK.
Local amenities include an onsite Co-op and nursery, with an Asda and a variety of restaurants, cafes, and a Pure Gym just moments away. The development is also just a 15-minute walk from the Central Middlesex Hospital.
For more information on Regency Heights, visit: www.fairview.co.uk/new-homes-for-sale/north-west-london/brent/regency-heights