London's L&Q help regenerate West London with new project
Built as part of the largest regeneration project since the London 2012 Olympic Games, Old Oak and Park Royal will bring a new neighbourhood of 25,000 homes to West London.
As part of this transformation, the area is set to welcome the only interchange in the UK that is served by both Crossrail and HS2, following the completed transformation of the Old Oak Common Rail Depot into the Old Oak Common Station, which will be larger than Waterloo and be able to host 250,000 passengers every day.
Recent data has revealed that buyers of homes built during regeneration projects stay for 13.4 years on average and see their property’s price increase by an average of 54 per cent upon revaluation. London based regeneration homes tend to revalue at around a 15 per cent higher than other new builds and older properties.*
Claire Brenlund, sales & marketing director at L&Q, comments: “L&Q at Regency Heights is not only impressive in its scale and ambition, but its West London location brings significant opportunity to buy a new-build property as part of such an exciting regeneration project in the area.”
Alongside affordable homes for first-time buyers and excellent transport links, the £26bn investment in the project will bring a new town centre, filled with restaurants and bars for locals to enjoy.
By Mark Adair – Correspondent, Bdaily
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