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Finding a new-build property in London that is close to a Tube station, in a busy district, with a short commute, and that gives you easy access to all of London is a dream for many Hong Kong property investors. The reason is that London’s property market presents strong growth, a diverse cultural scene, and excellent transportation links through the Tube. Investing in properties near these stations is not just profitable but also brings a vibrant lifestyle to enjoy for years to come. If you still don’t realise the potential of these Tube-side treasures, let’s explore why they can be a wise choice for your next big investment in the UK capital.
Properties that are close to Tube stations provide unmatched convenience and accessibility. Covering nearly 250 miles across 11 lines, the city’s reliable Underground network makes daily commutes fast and efficient, making it an ideal choice for professionals and families. This convenience is especially helpful for Hong Kong buyers, who are used to a fast-paced and efficient lifestyle.
The demand for housing in London is generally high, while its supply is limited. This imbalance increases property values, which makes it a lucrative investment opportunity. Properties close to Tube stations are highly sought after due to their proximity to major job centres, shopping areas, and entertainment spots. Investing in these residences can be advantageous for buyers, as high demand and limited supply can result in profitable investment returns. A recent study by Nationwide revealed that properties within 500m of a Crossrail or Tube station command a 10% premium compared to properties over a kilometre away.
The London rental market is highly competitive, with many investors trying to take advantage of the strong demand for housing in the city. Properties near Tube stations are highly popular and command higher rental yields due to their convenient location and easy access to public transportation. As investors in Hong Kong, the trend can be beneficial for you as it gives you a chance to earn steady passive income and favourable returns on your investments. You can even benefit from London’s strong rental market by buying properties in suburban areas, providing a consistent rental income.
While many property investors in Hong Kong might find it challenging to invest within the expensive domestic market, you might want to consider diversifying in London, where there is increased market activity close to Tube stations. Several locations near Underground stations are experiencing redevelopment efforts, potentially boosting property values and rental returns. These projects introduce new amenities, businesses, and services, making the areas all the more attractive and appealing to residents and investors.
For instance, the Powerhouse at Chelsea Waterfront is an exciting new development located on the north bank of the Thames between Chelsea and the City with proximity to Underground stations like Fulham Broadway and Imperial Wharf. These stations are less than a 10-minute walk away, with South Kensington slightly farther but still within reach on the District, Circle, and Piccadilly Lines.
White City Living is another development in Zone 2, West London, providing easy connections to the West End and the City through the Central and Hammersmith & City lines via Wood Lane and White City Underground stations.
Poplar Riverside in East London is close to Canning Town Underground station, which is about a 7-minute walk away and serves the Jubilee Line and Docklands Light Railway (DLR). Mile End Station serves the Central, District, and Hammersmith & City lines. Also, being in Travel Zone 2/3 makes it easier to get to Central London.
Then comes Bow Green, Berkley’s newest development, providing extensive access to Bow Road (District, Hammersmith & City), Bow Church (DLR), and Mile End (Central, Hammersmith & City) stations, ensuring excellent connectivity.
Wandsworth Mills development in South West London offers a commute less than 15 minutes from Waterloo station, and East Putney Underground and Wandsworth Town National Rail stations are within walking distance.
London Square Nine Elms has become a prime destination for investors seeking to buy properties in Zone 1. Situated near Nine Elms Tube station on the Northern Line extension to Battersea, it provides convenient access to Central London.
We recently also did a blog featuring the impact of Crossrail on London’s property market, which has had a massive impact on prices. However, the city’s Tube network, in comparison, covers almost four times the distance with a much bigger rider base. Property developments near these stations command a premium for the convenience they provide to working professionals and students who commute almost daily to the office or university.
At Benham & Reeves, our extensive knowledge of the London property market, especially near popular Tube stations, can help you find the right property for your investment needs. If you like the busy vibe of Canary Wharf or the rich culture of West London, we can help you find a residence that gives you financial rewards and a lively lifestyle. Get in touch with us to know more about investing in London properties.
Disclaimer: To buy or not to buy non-local off-plan properties? Assess the risks before you buy! 境外樓花買唔買?計過風險先好買!*Prices and details are correct at the time of going to press. Expected rental yield per annum, not guaranteed. ^Travel times are an approximation only, sourced from Transport for London and Google Maps, and may reference driving, public transport, cycling and/or walking times. Planning permission No.: PP/16/06360 and PP/13/04082 granted by the Royal Borough of Kensington and Chelsea (Chelsea Waterfront); 2014/04726/OUT, 2018/03058/FUL, 2020/03433, 2021/1795, 2021/00686 granted by Hammersmith and Fulham Council (White City Living); PA/21/02171 issued by London Borough of Tower Hamlets (Poplar Riverside); PA/22/01472/NC granted by the Tower Hamlets (Bow Green); 999 years from January 2027 (Wandsworth Mills). Lease Term: 975 years from September 2022 (Chelsea Waterfront). 999 years (White City Living, Bow Green). 999 year lease from first completion (Q2/Q3 2024) (Poplar Riverside). (Wandsworth Mills). Purchasers are acquiring an interest in the land, the building to be erected thereon and/ or a right to use and occupy the properties in the building. Estimated Completion Date: Completed (West Tower), From Q2 2024 (Powerhouse) (Chelsea Waterfront). From 2024 (Cascades); From Q3 / Q4 2024 (Core T) and in Q1 2025 (Core U) (White City Living); Completed (Calico House), From Q4 2024 (Porter House), From Q2 2025 (Heron Collection) (Poplar Riverside). From 2026 (Bow Green); Q2 2027 – Q1 2028 (The Artisan Tower) (Wandsworth Mills). Computer-generated images for illustrative purposes only. Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision. The non-licensed staff engage in estate agency work exclusively in relation to properties outside Hong Kong and they are not licensed to deal with any property situated in Hong Kong. Property reference number: BRHK-UK240301, BRHK-UK230601, BRHK-UK230603, BRHK-UK240207, BRHK-UK240302. Last update: 16 Dec 2024. Benham & Reeves (Hong Kong) Limited License No. C-092169.
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