Home NewsSales market update Woodberry Down – London regeneration project succeeds with significant change in North London

Woodberry Down – London regeneration project succeeds with significant change in North London

Woodberry Down is a residential area located in the London Borough of Hackney. The area was originally developed in the 1940s as part of a post-World War II effort to address the housing shortage in London.

The original housing was designed as low-rise, concrete blocks of flats, and became known for poor living conditions and a lack of amenities. In the 1960s and 1970s, many of the original buildings were demolished and replaced with larger, higher-rise blocks. By the early 2000s, the estate had fallen into disrepair and was in need of significant redevelopment. In 2005, Hackney Council announced a £1 billion regeneration project to transform the area.

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The redevelopment plan involved the demolition of most of the existing buildings and the construction of around 5,500 new homes, including a mix of social housing and private homes, as well as new community facilities, shops, and green spaces.

The regeneration project has been ongoing for several years and is set to continue until at least 2036. The aim of the project is to create a sustainable, vibrant community with a mix of affordable and private housing, improved transport links, and better access to amenities and green spaces.

Overall, the history of Woodberry Down is one of transformation and redevelopment, with the aim of creating a better living environment for residents and a more sustainable community for the future.

The new housing in Woodberry Down offers a mix of affordable and private housing options. There are also a number of new community facilities, such as a community centre, a library, and a health centre. In addition, there are several parks and green spaces in the area, including the Woodberry Wetlands nature reserve.

Victoria Park is another great location, adjacent to London Fields, which has an Olympic-size outdoor pool, and Broadway Market, which is well-known for its food booths and delicious fresh products which makes this a popular draw to tenant. Tenants are also returning to the city looking for communities that offer a metropolitan lifestyle without compromising gorgeous green space and waterfront location.

Woodberry Down is well-connected to the rest of London, with easy access to public transportation, including buses and the London Underground. There are also a number of shops and restaurants in the area, as well as a large Tesco supermarket.

Manor House tube station, located on the Piccadilly Line’s Zone 2, is only a five-minute walk from Emperor Point and gives quick access to King’s Cross (8 minutes), Bond Street (11 minutes), Liverpool Street (14 minutes), Bank (20 minutes), and Knightsbridge (23 minutes).

King’s Cross is well-known as a hub for tech giants, startups and world-class research institutes. This remarkable commercial district is where the world’s tech titans are staking out their territory, with many more notable academic and cultural institutions just minutes away.

Buyers forced out of Islington and Camden have begun to investigate this area near Finsbury Park, and as a result, the variety of cafés, stores, pubs, and restaurants along Stroud Green Road and Blackstock Road has grown. It is currently home to wine bars, coffee shops, sourdough pizza, delis, and gastropubs. On warm days, the park is crowded with many residents, and Finsbury Park is also adjacent to the Woodberry Wetlands nature reserve and Clissold Park.

The discrepancy between supply and demand is one of the most important considerations for investors considering to invest in London property. With the UK Buy-to-Let market valued over GBP1 trillion, research predicts that renters will exceed homeowners by 2039. This translates to 125 million homes in a private rental sector that is expected to rise by 24%. This only helps to underscore the power of property investment in London, where the market is disproportionately skewed toward renting yet lacks the supply to satisfy demand.

Emperor Point, the final phase of the Editions Collection at Woodberry Down, is a twenty-storey tower with 108 one, two, and three-bedroom apartments. Several of these chic apartments enjoy views of the planted surrounds, reservoirs, and city skyline, and are only steps away from the quiet waterside.

If you are looking to invest in London, Emperor Point at Woodberry Down is a great opportunity to begin building excellent capital growth while generating regular rental yields.

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About the Author

Established in 1958, Benham and Reeves is one of London’s oldest, independently owned property lettings and sales agents. With specialism in residential sales, corporate lettings and property management in prime areas of London, the company operates from 21 prominently located branches and 14 international offices.

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