Berkeley Group – a FTSE 100 company that is one of London’s leading property developers, having never made a loss – acknowledges that finding a location with good infrastructure is important when investing in London property. Areas surrounding the upcoming Crossrail are seeing growth. Berkeley’s property, Valiant Tower at South Quay Plaza, is within close proximity to the Canary Wharf Crossrail station. That’s good for investors as, according to Hamptons International, houses within a mile radius of any of the 40 Crossrail stations have seen their values rise by an incredible 66% since 2009 – the year construction began. The surrounding area where South Quay is located has seen house prices rise by 20% in the last year alone, according to a local estate agency.
You’re also more likely to find renters for your property if it’s located near a transport station. According to Knight Frank’s Meet the Tenants report, when choosing a property renters flock for location over size (24% to 8%). First on the list of tenants’ priorities (with 63%) was ensuring the rent was within their budget – but that’s kind of a given.
Valiant Tower is a luxury studio to three-bedroom residential building at South Quay and at 68 storeys is set to be one of the tallest residential buildings in Europe. Prices start at US$1 million and increase to just over US$2 million for the largest units which offer more than 1,200 sq. ft. That’s considerably good value for money in the area and for that, you get not only a great location but luxurious amenities such as a swimming pool, fitness centre, and the 56th-floor Residents’ Club Lounge.