New Homes in the regeneration hotspot of Harrow, London provide an excellent opportunity for capital growth
Harrow, a large town in Greater London, is a top regeneration area. Home to the prestigious 450-year-old Harrow School, the commuter hotspot provides city workers with five different train lines running into the capital.
Capitalizing on the buzzing development is The Penrose Apartments, newly launched by Barratt London at Eastman Village, a striking new development on the 55-acre site of the former Kodak film factory in Harrow.
Eastman Village, as part of a larger £1.75bn improvement scheme in Harrow, will provide for two new schools, 3,000 jobs, shops, leisure facilities and commercial space. And the new launch will offer a selection of 71 one, two and three-bedroom homes.
Regeneration areas are excellent investment choice as they tend to pave the way for strong rental yields and capital growth. Harrow, in particular, boasts the prospect of solid returns for buy-to-let investors, with an anticipated return of 5 per cent and the potential for strong capital growth.
Barratt London has seen its homes in three other London regeneration hotspots rise in price by an average of 49 per cent in the five years up to 2019, as against the London regional average in the same period of only 25 per cent, according to the UK’s official Land Registry.
Research has also shown that, on average, the areas surrounding a regeneration zone witness a property price growth of 4.7 per cent per annum above and beyond wider house price growth.
Top-notch design
At Eastman Village, the leading housebuilder is collaborating with award winning architect Pollard Thomas Edwards to create a total of 2,000 modern homes, while retaining elements of the site’s industrial heritage.
At the heart of the development, Barratt London has preserved a much-loved local landmark: the iconic factory chimney, which has been framed by a new building providing an eco-friendly energy centre to heat the homes along with 620 square meters of community space.
The Penrose Apartments will be set in four buildings around a central garden area. Each abode has its own private outside terrace or balcony, and there are extensive landscaped grounds on site for play and exercise. Inside, the properties have spacious open-plan living areas with floor-to-ceiling glazing allowing natural light in, alongside contemporary fitted kitchens geared with a range of appliances.
Privileged locale
Eastman Village offers a great location for families, with a choice of more than 30 local schools in Harrow that have been given the top rating of “Outstanding” by Ofsted, the UK Government’s schools inspectorate.
The transport facilities serving Eastman Village open up the whole of London to commuters or students studying at the capital’s top universities, including the nearby University College London.
Linked by the new network of footpaths and cycleways, the development is just a 10-minute stroll to Harrow & Wealdstone station. The station offers Bakerloo Line Underground services to London Paddington in less than half an hour, as well as the London Overground service.
Residents can reach Euston with West Midlands Trains under 20 minutes. Harrow-on-the-Hill station, which is just a short bus ride away, connects to the Metropolitan Line and national rail services. For international travellers, London’s airports are less than an hour’s drive away.
“The regeneration scheme at Harrow is transforming this part of North West London into a thriving new neighbourhood with a wealth of community facilities and excellent public transport links. It offers a gateway to the whole of the city, providing homes that are excellent value, with great potential as an investment as well as being a superb place to live and work,” says Ed McCoy, Sales Director at Barratt West London.
Homes at Eastman Village start from £288,000.
Eastman Village, Harrow
Address: Harrow View, London HA1 4TY
Layout: 1, 2 & 3-bedroom apartments
Developer: Barratt London
