by Housesimple on 7th September 2017
Whether you’re looking for the perfect place to settle down or seeking a savvy investment, you need to think tactically. Some house hunters prefer property hotspots and want to jump into areas that are already well-established, while others try to pick out locations in the throes of gentrification. A bold few buy into a new vision: future redevelopments. And they don’t come fresher than these.
Birmingham Big City Plan
The UK’s second largest metropolis currently has the country’s biggest redevelopment project under its belt, with the 20-year, 800-hectare ‘Big City Plan’. Birmingham is revamping its city centre and dividing it into distinct 'quarters,' each with an individual feel and focus.
The latest stage is Birmingham Smithfield: a redevelopment that's creating 2,000 homes as well as new transports, office spaces, markets and cultural attractions in a unique blend. It's expected to attract £500m of investment and millions of visitors, although it's still only in the planning stages – so keep your eyes peeled.
Bristol Temple Quarter
Historic Bristol may have an enviable heritage, but with forward-thinking innovation and digital technology at the heart of its new Temple Quarter redevelopment, this city's looking to the future.
Although work is currently focused on a new £300m campus for the University of Bristol, the project is much more than just about classroom expansion. The vision is to create and fuel an exciting new talent pool that will learn, live and work in the area. A hotel, new homes and business premises are all underway, and will be served by new road and foot bridges, as well as a revamped train station.
This former industrial powerhouse – once the site of a car factory and power station – is the subject of several substantial redevelopment projects. These will create thousands of new homes and introduce creative industry jobs to will look to revitalise the area.
The Barking Riverside project – with its planned 10,800 new homes as well as bars and restaurants on the old power station site – is the largest. But others like 360 Barking will deliver a wide range of housing types, too. It’s all supplemented by a range of modern amenities, although the spotlight is centred on a 17-acre film studio and a new industrial museum that will preserve the area's heritage.
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