City workers who were anticipating their bonus in January should look to London’s property market to get a good return on their investment. A residential market report by real estate firm Cluttons, reports that property price growth is rising by 1.7% in Deptford. The regenerated area is offering great rental yields, as the capital’s growing army of renters seek out higher quality homes. Investors looking to put their mark on upcoming Deptford should look to Bellway Homes’ Kent Wharf. The development, near Deptford Bridge rail station and within walking distance to Greenwich, offers one, two and three bedroom apartments set in communal gardens.
Demand in the area is at an all-time high, as 27 homes at Kent Wharf were snapped up by buyers and investors on the first day of launch. Recognising the prime location, close enough to Canary Wharf, the city and the creative hub of the town’s transformed cosmopolitan district, savvy buyers have acted quickly to secure a new home here, meanwhile investors can expect rental yields of 4.25%.
Emma Denton, Head of Sales at Bellway Thames Gateway, comments: “Deptford is undergoing significant regeneration that is attracting homebuyers and investors alike to the area. While city workers will be learning of their bonuses soon and wondering how to spend it, Deptford is proving an exciting opportunity. With such a great development on offer, we would urge any investor or house hunter to come and view this development soon before our apartments are snapped up.”
The homes offer a high-quality specification with open-plan living areas, integrated kitchen appliances and en-suite shower rooms and fitted wardrobes to the master bedroom. Many homes will also have a balcony, with some offering views over Deptford Creek.
There’s plenty to do in the local area, with a buzzing High Street and centre with restaurants, wine bars, traditional pubs and cafés. Deptford hosts an array of markets offering street food from around the world, fresh produce and antiques. Also, nearby is The Albany Performing Arts Centre which hosts live music, drama and comedy, while Deptford Lounge, a state-of-the-art community centre offers an open-air spots court, library, film screenings, family activities and workshops.
For leisure pursuits, 183-acre Greenwich Park is around a 15 minute walk away. Wavelengths Leisure Centre is just half a mile away and offers a gym, swimming pool, exercise studio and health suite.
A significant draw is the area’s travel links that include direct lines to Shoreditch and Goldsmith, a pull for artists and creatives heading to the area. Kent Wharf is less than a ten-minute walk to Deptford train station, Greenwich train station/DLR and Cutty Sark DLR, meaning London Bridge can also be reached in just eight minutes by train and Canary Wharf in nine minutes by DLR. Major roads nearby include the A2 and A20 for quick access to the M25 for journeys further afield.