The Barratt London Collection launches in Hong Kong
Launching Bermondsey Heights, Ridgeway Views and Hayes Village
HONG KONG, 7 March 2023 – JLL is hosting an exhibition at The Sheraton Hotel in Tsim Sha Tsui to provide investors with the opportunity to learn more about Barratt London, and its collection of developments across the capital. The event will run for two days, commencing Saturday 11th March and will highlight the continuing demand for rentals in London, as the city attracts investors searching for higher investment yields.
London property is becoming increasingly popular for long-term investment, while local buyers struggle with rising mortgage rates, investors are flocking to the UK in order to provide much needed rental properties. According to Rightmove, the average asking rent in London has increased to £2,480, which would enable investors to generate over £29,500 in rent from the average London property annually. Barratt London is known for its developments across the capital, particularly in up-and-coming areas of the capital. JLL analysis shows regeneration hotspots across London achieved an average of 5% price growth outperformance per annum over the past decade, compared with the borough average.
Barratt London’s recently launched Bermondsey Heights development is located south of the River Thames in SE15. The scheme is part of the wider regeneration of South Bermondsey, which includes the creation of 3,500 homes, 13 new public spaces, 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. With prices starting at £460,000 (HKD4.34 million) for a one-bedroom apartment, investors could reap the rewards of investing now, as selling agent JLL expects to see house prices in Bermondsey increase by 19% over the next five years, with rental values growing by 20%.
The development is due to be completed in Spring 2025, and will provide 163 one-, two- and three-bedroom apartments with access to landscaped green space, a roof terrace and play area.
Gary Ennis, Regional Managing Director at Barratt London, comments: “The London property market has maintained a strong performance with foreign investment, as local buyers are hindered through rising mortgage rates and financial uncertainty, investors can benefit by providing rental properties for those holding off on buying. Bermondsey Heights is a unique opportunity within the market and will allow those investing to see their assets rise as Bermondsey booms with extensive regeneration. Amenities such as galleries, bars and shops will continue to flock to the area, enticing more renters to the trendy pocket of London.”
In the leafy borough of Barnet, Barratt London’s Ridgeway Views is set within 47 acres of Mill Hill Conservation Area, which brings over 460 one- and two- and three-bedroom apartments to the area. The development offers views across the green fields of Totteridge Valley, while hosting a residents’ gym, concierge, café and fitness trail. Residents will benefit from 240 available electric charging points and nearby transport links via Mill Hill East Underground Station and Mill Hill Broadway Station, delivering easy access to central London whilst enjoying a taste of village life. Prices start at £405,000 (HKD3.83 million) for a one-bedroom apartment at Ridgeway Views.
The former Nestle chocolate factory in west London has been transformed into Barratt London’s Hayes Village, which hosts over 1,300 homes ranging from one- and three-bedroom homes. The development is served by the Elizabeth Line, which enables faster connections into central London, residents will be able to reach Bond Street in 24 minutes or Heathrow Airport in 6 minutes. When completed in 2028, Hayes Village will host a 1.3km walking trail, 200m running track and a new public square, adding further amenities to the area for locals, which already benefit from a busy high street, sports centre and cinema. Prices start at £327,000 (HKD3.09 million) for a one-bedroom apartment at Hayes Village.
Gary Ennis, Regional Managing Director at Barratt London continues, “Hayes Village and Ridgeway Views are perfect examples of how sites with rich heritage can be redeveloped into housing new communities whilst improving opportunities of those who are already in the area. As Hayes and Mill Hill will be revitalised with new amenities and residents, now is a great time to be in the early days of success and watch their stake in the area rise.”
As with all Barratt London developments, the homes at Bermondsey Heights, Ridgeway Views and Hayes Village benefit from a variety of sustainable features such as highly efficient insulation and enhanced double glazing which could be 65% cheaper compared to an updated Victorian apartment. They provide stylish modern environments, with handless kitchens and integrated appliances.
Event: Barratt London Collection
Date: 11th and 12th March 2023 (Sat & Sun)
Time: 11am - 6pm
Venue: Tang Room, 3/F, Sheraton Hotel Hong Kong
About Barratt London
Barratt London is a market-leading residential developer, with over 40 years’ experience in the Capital, delivering up to 2,000 units each year. Barratt London is committed to providing an unbeatable customer experience and developing exceptional homes for all Londoners. We have an extensive portfolio of residential developments and partnerships delivering homes across the Capital for all Londoners, from state-of-the-art penthouses in the City of London to complex, mixed-use regeneration schemes in Hendon.
Barratt London is part of Barratt Developments PLC, the UK’s most recommended housebuilder.
About Barratt Developments
Barratt Developments plc is the country’s largest housebuilder. Barratt is committed to building high quality homes and this year received more NHBC Pride in the Job Quality awards than any other housebuilder for the 17th year in a row and was awarded 5 stars by its customers in the HBF satisfaction survey for the 13th year in a row. For more information visit www.barrattdevelopments.co.uk
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 $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.