Investment opportunities: four areas with massive regeneration plans
by Housesimple on 8th August 2017
Big changes are afoot in many of Britain's industrial towns. With gentrification and urban renewal firmly on the agenda, the following projects are set to transform Britain's best-value neighbourhoods into property hotspots over the next few years.
If you've got long-term investment in mind, or just want to snap up a bargain, here's where to look.
Barking Riverside, London
Barking is set to become 'Barcelona on Thames' by 2020, with a new development that puts the spotlight on laid-back living. Shops, restaurants and bars with al-fresco dining are going to play a huge role in the riverside complex, but for property buyers the most exciting part is the proposal for over 10,000 brand new homes.
South Bank Project, Leeds
Meanwhile, up north, the South Bank Project aims to double the size of Leeds city centre. Lots of small independent companies have moved to the city already, as well as huge corporations like Sky and Asda. There are proposals in place for an HS2 station here, so it's likely that more businesses (and their employees) will move in. With more than 4000 homes planned for the area and a gorgeous waterfront location on the River Aire, it's an area investors should keep an eye on.
Dundee Waterfront, Dundee
Dundee's £1 billion waterfront project is one of Britain's largest redevelopments and well worth a look for its tourism and living potential. As well as waterside offices and apartments with exceptional views, the 8km-long stretch along the Tay will also be a leisure hub. The V&A Museum of Design is set to open in 2018, while multiple green spaces and a train station with a hotel are in the works.
Northampton Alive, Northampton
This collection of regeneration programmes is breathing new life into Northampton and it's catching the eye of investors too. The Cultural Quarter, which aims to attract creative industries to the city, is currently underway and a new £60 million housing development on Ransome Road is also in the pipeline. Completed projects include a cycle hire scheme (like London's Boris Bikes) and the Becket's Park Marina, which includes space for six houseboats – great news for those interested in unconventional housing.