Wellington Quarter is a stunning new residential development situated within the commercial heart of the vibrant Wellington Street, Woolwich. The off-plan development will comprise of 81 high spec apartments spread across 4 blocks. With 33 one beds, 39 two beds and only 9 three beds, Wellington Quarter is set to cater for all with contemporary, comfortable and convenient living in each apartment.
Wellington Quarter also benefits from being located a mere 7 minutes from the Crossrail Station which is set to open in 2018. The Crossrail Station is set to attract a large amount of people to area, meaning there will be an increase in house prices and a higher demand for rental accommodation.
Wellington Quarter - Investment Highlights
3.6% expected rental yields
81 high spec apartments
4 minutes from Woolwich Arsenal station
7 minutes from future Crossrail Station
250 year leasehold
Estimated completion: Q3 2019
Woolwich is a district in the south-east of London, being part of London’s metropolitan area since the 19th century. Woolwich is a river crossing point with Woolwich Ferry and Woolwich foot tunnel, connecting the town to the North of Woolwich in Londons Docklands.
Average house prices in London have seen an increase of 31% since the Crossrail announcement. This means it is expected for house prices to see a rise of 39% from 2016 to 2020, which is the highest increase forecast out of all 40 Crossrail Stations.
It is expected that by 2025 60% of Londons population will be living in rented accommodation. As a result of this Woolwich is expected to see an even higher rental demand of over 70%. This means the rental market is expected to see the second highest average rental growth of approximately 35% between 2016 and 2020.
1. Reserve your unit by completing the reservation form and sending approximatly £2,500 client fee
2. 10% of purchase price due upon exchange
3. 5% of purchase price due 6 weeks after exchange
4. Remaining balance due upon completion