Go for investment gold in E3
Despite the recession, property investors in East London have benefited from an incredible average growth of 28% in housing values since London was awarded the 2012 Olympic Games. With some experts tipping that landlords of two bedroom properties could earn as much as £2000 in rent each week during next year’s Games, Higgins Homes has experienced an influx of interest in its sophisticated development in up-and-coming East London.
Higgins Homes is offering just 15 more opportunities to buy at its stylish apartment complex Aqua Vista, E3, after 90 per cent of the original 157 cutting edge, executive city homes sold in the last ten months. The multi-award-winning developer is attracting both owner occupiers looking for fabulous and convenient city living, as well as investors hoping to take advantage of these house price increases, 2012’s rental opportunities and the benefits that the area’s regeneration projects are providing.
Suren Thiru, a housing economist at Lloyds TSB, comments: “Some areas close to the Olympic Park have experienced a sharp rise in property prices since London’s successful bid to host the 2012 Olympic and Paralympic Games. Part of this rise is likely to have been due to an increased interest in property in these locations from both buyers and investors as a result of the associated regeneration taking place.”
The urban renewal projects currently underway include the establishment of trendy restaurants, bars, new schools, health centres and numerous first class sporting facilities, all of which ensure this tired and once-neglected part of London becomes a vibrant community hub.
“Looking forward, property prices across East London are likely to receive a boost from the legacy of improved infrastructure and transport links left by the London 2012 Olympics,” adds Suren.
The newly completed Aqua Vista comprises four beautifully designed, highly contemporary, bright white apartment buildings with striking yellow ascents, each at a different height and easily identifiable by their extensive glazing. Also completed are the central courtyard and beautiful canal-side walk and for added security, there is now underground parking and an on-site concierge.
The remaining apartments all have access to Aqua Vista’s beautifully landscaped communal central gardens. Each home also features a beautifully appointed Urban Myth kitchen with Smeg appliances, a stylish bathroom and a fabulous light, open-plan living area.
Aqua Vista is also ideally located close to financial hub Canary Wharf and trendy Bow. Excellent transport links are available from Mile End Underground Station on the Central line and Bow Road Station on the District and Hammersmith & City lines, while Devons Road DLR and Langdon Park DLR stations are nearby. The North Circular Road leading to the M11 is also easily accessible, making Aqua Vista extremely well connected.
Jeremy Marcus, Sales and Marketing Director of Higgins Homes, comments: “Although we expect most buyers at Aqua Vista to be owner occupiers, this is a spectacular development in terms of its investment potential. The apartments are superbly appointed and the development’s location is fantastically close to Canary Wharf, the City and the brand new Westfield shopping centre.
“In addition, we anticipate this up-and-coming hot spot will offer great rental returns as we near the start of the 2012 Olympic Games. Hundreds of thousands of people are expected to descend upon East London during the Games and offering stylish and convenient accommodation to these visitors is the perfect opportunity to earn some extra
income.”
Prices for a two bedroom apartment start from 274,500 while three bedroom properties are from £329,950. For further information visit aquavista.co.uk or higginshomes.co.uk.
