Investing in property in West London in 2016
West London has traditionally held favour among property investors and home buyers looking to secure a safe rental income or family home. Leafy roads and great transport links clustered around excellent schools have long kept West London's property demand in constant supply.
As 'tired' pockets of the area undergo intense regeneration as the Crossrail moves in in 2018, it's definitely time to go back West, says James Robotham, Negotiator at Knight Frank's Hyde Park office.
"W2 has strong potential for price growth and offers better value than other postcodes adjoining Hyde Park. The area is ideally located in respect of transport links including the Heathrow Express, various tube lines and Paddington Train station.
"The addition of Crossrail in 2018 will support these links and firmly secure W2 as one of the best connected areas in Central London. These transport links and the geographical position of W2 in Prime Central London make it an ideal area for families and business people alike to live.
"The area is currently significantly cheaper than surrounding Marylebone and Notting Hill postcodes and the constant significant investment into the area from major developers make it one of Central London’s most appealing places to invest.
"Queensway has seen phenomenal growth since the announcement of an enormous investment scheme to regenerate the local area. The Queens Building (formerly Queens Cinema) was recently redeveloped into luxury apartments which sold rapidly, setting records for the local area. The addition of Heals from Kings Road and the proposed renovation of Whiteley’s shopping centre contribute to a lively, vibrant and exciting place to live. Minutes from the heart of Westbourne Grove and Notting Hill, the area has seen various new eateries and bars open and we expect this to continue well into the next year."
Arthur Lintell and Emily Ramsay of Knight Frank's Notting Hill office agree that Notting Hill continues to be one of London's prime investment hotspots but for those looking for a nearby area on the up, North Kensington should grab investors' attention.
"North Kensington, W10, has always been viewed as ‘less desirable’ than Notting Hill. Now, with the hustle and bustle of the Golborne Road and some exciting new developments in the area, buyers are moving further afield from Notting Hill to an area of growth where they see good value for money and equally as attractive properties on pretty tree lined streets. Roads to watch out for: W10 - Oxford Gardens, Bassett Road and Chesterton Road."
For tailored property investment advice speak to one of our experienced property agents or search for property for sale in North West London.
View where to invest in properties in other London areas in 2016