A CBRE report ‘The effects of regeneration on local property values’, analysed 11 regeneration zones in London and concluded that locations within a 10 minute walk benefitted from an average additional 2% increase per annum in residential property prices. The locations analysed were Canary Wharf, Colindale/Burn Oak, Elephant and Castle, Greenwich Peninsula, Kings Cross St Pancras, Nine Elms, Paddington, South Bank, Stratford, Wembley and Woodberry Down. Paddington benefitted the most with a 5.8% increase per annum. The research attributes this to many factors including improved transport links, enhancements to the area’s heritage, retail and green space.
St Pancras
Planning for 10 Residential Units in Bloomsbury
The Old Dairy, Wakefield St Bloomsbury WC1N 1PG
Prime Mixed Use Development Opportunity in the heart of Bloomsbury. 0.19 hectare (0.47 acre) site, currently occupied by a vacant warehouse and yard. Planning permission for the redevelopment of existing buildings and construction of 10 residential units, comprising 2 houses and 8 apartments, and approximately 1,104 sq m (11,883 sq ft) GIA office (B1) space. 350 metres from Russell Square and 600 metres from King’s Cross St Pancras, London Underground, national and international Rail Stations. For sale freehold with vacant possession. Offers in excess of £10.75m. Savills | UNAVAILABLE
