With the announcement of a proposed multimillion pound housing development, all eyes are on the popular market town of Romford.
Romford has long been a property hotspot. After all, it’s got so much going for it – it has fantastic local amenities, great transport links to the city of London and close proximity to the stunning Essex countryside. To top all that off, an extensive new housing development has just been announced. With demand for properties in the area showing no sign of abating, these new homes are set to be very popular indeed. So if you’re thinking of settling down in this bustling town, here’s everything that you need to know about this exciting multi-million pound property development.
One of London’s new housing zones
In March 2016, it was announced that Romford would be one of 11 new housing zones in the London and Greater London area. After this announcement, lots of potential plans for property development in the area began to take shape. In recent weeks, a forerunner has emerged. First Base Limited unveiled its plans to enter into a joint venture with Havering Council to turn the ailing Bridge Close industrial estate into a development with hundreds of new homes.
There are up to 3,300 homes planned for the Romford area, and this new development will deliver 840 of them. As well as the residential properties, there will be new work spaces and a bridge linking the area to Romford station, from which you can be in the centre of London within the hour. An artist’s impression of the proposed development shows a modern, green neighbourhood that would really be a wonderful place to live.
First Base Limited have a proven track record
First Base Limited have a great reputation in East London already. They were the brains behind the East Village development in Stratford’s Olympic Park, as well as the delivery partner of a 62-acre mixed use scheme in Silvertown. So they are definitely the kind of developers that would be able to bring new jobs and infrastructure to the Romford area, and the council have enthused about their ‘proven track record’ in delivering projects that improve local communities. The Bridge Close development will bring both new homes and boost the local economy, something a constantly growing area like Romford really needs.
Romford estate agents
The new development isn’t being built just yet, but the approval of the council is a great sign for the Romford property market. So if you’re thinking of moving to the area or investing in a property for the future, you should keep watching this space. It’s always a good idea to work with a trusted Romford estate agents like us. We have extensive knowledge of Romford’s changing property landscape, and will be able to advise you on buying, renting and letting in the area.
Interest is hotting up!
As you can see, the area is set to benefit from so much investment in the coming years. As a thriving part of East London that’s going to become one of the most desirable places to live just outside of the capital, it’s worth keeping an eye on prospective developments like Bridge Close. Waterloo Road and Angel Way have been earmarked for around a thousand new homes too. There’s already plenty of interest in Romford, and as these new homes spring up, it’s only going to become more popular with buyers. Will you be one of them?