A unique launch in a strategic location in Bermondsey south of the River Thames, which includes new transport links to central London, many Michelin star restaurants, educational facilities, business centers and green spaces
Dubai, United Arab Emirates: Barratt London, which is part of the UK’s largest residential developer, has launched the iconic Bermondsey Heights residential project south of the River Thames, with a report by JLL International that the region is expected to see a rise in house prices of around 25 % will see. % over the next five years and an increase in rental values by 16%.
The launch comes as favorable exchange rates for US dollar-linked investors offer significant savings to those looking to invest in the London property market. Prices are rising by an average of 5% on an annual basis, again underscoring the opportunities available.
Speaking on the occasion, Stuart Leslie, Director of International Sales and Marketing at Barratt London said: “The new Bermondsey residential development presents great opportunities for investors particularly from the Middle East who are able to take advantage of favorable exchange rates due to the expected excellent return on investment and opportunities for high rental yields, as we expect. This project brings many benefits to real estate.”
The project is located in the heart of the South Bermondsey regeneration area, with the new Overground station just meters from the Bermondsey Heights residential development, and an express link to central London sites expected in early 2025 , as well as two new bus routes. .
Future plans for the district include the launch of a 30 hectare development with the aim of creating up to 3,500 homes, 13 new public spaces, a thriving business center with office space, workshops, cafes and restaurants, a creative, digital center and local retail. , as well as a modern complex and sports arena.
The main tower in Bermondsey Heights project will comprise 26 floors of high quality residential accommodation, and the commercial units will include 163 private one, two and three bedroom apartments.
Each apartment will have a private balcony or conservatory, providing a place to relax and enjoy panoramic views of the London skyline, the vast majority (95%) of the apartments will be double aspect, all benefiting from modern open plan layouts , and the project will include landscaped courtyard gardens, roof terrace and children’s play area.
Inside, the apartments are equipped with kitchens with modern and integrated appliances, and modern bathrooms with beautifully tiled walls and floors. At the same time, the public areas will be finished to a very high standard with plenty of parking for bicycles. The Bermondsey Heights project will also have 32 condominiums. offers houses. In addition to privately owned houses.
The new homes in Bermondsey Heights will also benefit from energy saving and sustainability measures such as efficient kitchen appliances, water taps, low energy lighting, highly insulated building materials, carbon efficient central heating, green and blue roofs, solar panels and air sourced heat pumps saving 70% of the project capacity .
Bermondsey Heights is ideally located in the Borough of Southwark and within easy reach of some of London’s top destinations including Tower Bridge, The Shard and Bermonds Street.
The project is also located near the Beckham area, which is characterized by the presence of many places for art, music and food lovers, in addition to a mix of shops, cafes and restaurants.
South Bermondsey railway station is just 10 minutes’ walk from Bermondsey, and is just one stop to the main travel terminal of London Bridge Station, which offers a range of national rail services, as well as Jubilee and Northern Lines connecting to Kings Cross, Brighton. and the Southern Coast, East Anglia, Northern England and Scotland.
Bermondsey is surrounded by green spaces, including the 63-acre Southwark Park with a wildlife park, boating lake, sports facilities and cafe, Deptford Park with a new playground and Burgess Park, which recently underwent AED33.5 million renovations.
Buying a home in Bermondsey Heights residential development offers the opportunity to be part of one of South East London’s hidden gems, as homes in redevelopment areas always increase in value faster than in other parts of the city, and purchases that don’t of the plan is not. an opportunity to lock in today’s prices.
Prices in Bermondsey Heights are expected to start from AED 2.4 million for a one-bedroom apartment. All the apartments in the project are expected to be completed in the spring of 2025 and are now under construction off the map. One of the homes in the project is scheduled to open for viewing in the summer.
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London Bars Company Profile:
Barratt London is a market-leading property developer with almost 40 years of experience in the capital, offering up to 2,000 housing units annually. Committed to providing a distinctive customer experience and developing exceptional homes for all Londoners, Barratt London also owns a wide range of residential developers and partnerships offering homes across the capital to all Londoners, from modern penthouses in the City of London to refurbishment schemes for mixed use in Hendon.
Barratt London is part of Barratt Developments PLC, the UK’s best-known housebuilder.
About Bharat Real Estate Development:
Barratt Developments prides itself on being the UK’s number one housebuilder for build quality and customer service. Barratt Group has increased its residential output by 40% over the past seven years by building more homes than the country needs. Barratt is committed to building quality homes and this year received more NHBC Pride in Job Quality Awards than any other housebuilder and for the eleventh consecutive year received HBF 5 stars for customer satisfaction.
For more information, please visit: https://www.barrattdevelopments.co.uk/
For media inquiries, please contact:
Director of Public Relations
Indigo Icon Tower – JLT
Dubai United Arab Emirates
Office phone: +971 4 3652711
Mobile: +971 55 822 5 770