All eyes are on Southall and its growth as one of London’s top places to invest in for property according to data compiled in a new report produced for property developer Berkeley Group’s latest investor guide.
Over recent years, the West London area has seen large new developments being built in Southall by property firms including Berkeley Group and Redrow.
Among the developments is the transformation of the former Southall Gasworks into what has been renamed The Green Quarter and which could see up to 7,500 homes on it with 13 acres of wetlands, parkland and meadows.
According to data in the report using sources including Land Registry 2013–2022 and Benham & Reeves, overall property prices in Southall have gone up by 15% in the last two years while newer built properties over the last 10 years have seen an annual growth rate of 10.2%.
Charlotte Berrington, sales and marketing director Berkeley said: “Southall is already proving its appeal to residents and to buyers, thanks to the combination of location, major regeneration and exceptional connectivity. At The Green Quarter, Berkeley’s regeneration scheme in the heart of the area, rental yields of up to 6% make for a highly attractive investment proposition.”
Prices in The Green Quarter start from £406,000 for a one-bedroom apartment and £475,000 for a two-bedroom apartment.
