Bermondsey Heights Launches in Bermondsey’s Dynamic Regeneration Area
JLL forecasts the house prices in the area will grow 25% in coming five years
HONG KONG, 3 October 2022 – Barratt London is launching an exciting new landmark development, Bermondsey Heights, located south of the River Thames, with JLL forecasting that the area is expected to see house prices increase by around 25% over the next five years, and rental values growing by 16%.
The launch comes when favourable exchange rates for investors, creating significant savings for those looking at the London real estate market. Furthermore, sales agent JLL has reported that similar regeneration schemes in London have outperformed properties in the same area, with prices on average increasing 5% more year-on-year, further underscoring the opportunities available.
Mandy Wong, Head of International Residential at JLL in Asia Pacific, says “Bermondsey is one of South East London’s hidden gems and is an area that is flourishing and developing all the time, from the trendy Michelin star restaurants and cultural attractions to the excellent transport links and education facilities. Buying a home at Bermondsey Heights offers the chance to be part of that transformation. Homes in regeneration areas always increase in value faster than other parts of the city and buying off-plan offers the chance to lock in today’s prices.”
The development lies at the heart of the wider regeneration of South Bermondsey, where a proposed new Overground station, just moments from Bermondsey Heights, will provide fast connections to central London locations.
Ambitious plans for the wider area include a 30-acre development project seeking to create up circa 4,000 homes, new public spaces, a thriving business district with office space, workshops, cafés and restaurants, a creative and digital hub and local retail, as well as a state-of-the-art sports complex and arena.
The main tower at Bermondsey Heights, with 26 storeys of high-quality residential accommodation and commercial units beneath, will house 163 private one, two and three-bedroom apartments. Every home will feature a private balcony or winter garden, offering a place to relax and enjoy the panoramic views over the London cityscape. The vast majority (95%) will be dual aspect, and all benefit from modern, open-plan layouts. The development will feature landscaped courtyard gardens, a roof terrace and a children’s play area.
Inside, the apartments come with kitchens with modern, integrated appliances and contemporary bathrooms with beautifully tiled walls and floors. At the same time, the communal areas will be finished to a very high standard with plenty of cycle parking available.
New homes at Bermondsey Heights will also benefit from energy-saving and sustainability measures, such as efficient kitchen appliances and water taps, low energy lighting, highly insulated building fabric, a carbon-efficient centralised heating system, green and blue roofs, solar panels, and air source heat pumps, which provide 70% of the development’s energy.
Bermondsey is ideally located in the Borough of Southwark within easy reach of some of the capital’s top destinations, including Tower Bridge, The Shard, Borough Market and Bermondsey Street. Also nearby is Peckham, with its art, music, foodie scene, and thriving mix of independent shops, cafés, and restaurants, plus the Old Kent Road regeneration zone with the proposed Bakerloo Line extension.
The area is already well connected, with numerous bus services nearby, and South Bermondsey railway station just a 400m walk. It is just one stop to the major travel hub of London Bridge station, which offers a variety of National Rail services plus Jubilee and Northern line connections, linking with Canary Wharf, The City, King’s Cross and beyond.
Bermondsey is surrounded by green spaces, including the 63-acre Southwark Park with its wildlife garden, boating lake, sports facilities, and café; Deptford Park with an impressive new playground and public artwork; and Burgess Park.
Exclusive selection of 1, 2 & 3 bedroom homes at Bermondsey Heights will launch on Saturday 8th & Sunday 9th October 2022, with prices from £445,000, for completion in 2025. For further information about Bermondsey Heights, please contact JLL on Tel: +852 3759 0909 or email: firstname.lastname@example.org, or visit our website: https://internationalresidential.jll.com.hk/apartment-new/london/bermondsey-heights
Hong Kong launch event:
Date: 8th – 9th October 2022 (Sat – Sun)
Time: 11am – 6pm
Venue: Jasmine Room, 1/F, Mandarin Oriental Hong Kong, 5 Connaught Road, Central
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.