Market update at Royal Arsenal Riverside

Marc von Grundherr, Director at Benham & Reeves is on-site at Royal Arsenal Riverside, an impressive mixed-use development with a prime location by the Thames in the Royal Borough of Greenwich.

https://www.youtube.com/watch?v=WnLHMWBcP4g&feature=youtu.be

After 20 years of regeneration, this is now one of the biggest regeneration schemes in Europe comprising 5,000 new homes with restaurants, bars, retail outlets and leisure facilities, parks, riverside walks, an onsite Thames Clipper pier and a new Crossrail station coming soon!

It welcomed its first residents 20 years ago – now, 7000 residents live here – with a plan to deliver 5000 homes by 2030.

Royal Arsenal Riverside offers exceptional value to investors with the promise of strong capital growth and good rental yields. Overall house prices in the Borough have risen consistently – 11.5% over the last 5 years, 72% over 10 years and 237% over the last 20 years! In fact, we believe in Royal Arsenal Riverside so much that we’ve just opened our latest office on-site here, right next to the Crossrail station and we are witnessing healthy rental demand.

Studios achieve up to £1,300 per month

1 beds up to £1,500 per month

2 beds up to £1,800 per month

3 beds up to £2,600 per month

Rents achieved will depend on the size, aspect and time of year, but investors can expect yields between 4-4.5%. In fact, the average rent in the Royal Borough of Greenwich increased by 5.1% in 2020 and benefited from the strongest increase of 0.3% in rental yield.

So, if you’re looking to buy a home in Royal Arsenal Riverside or already own a home here, we will help you achieve the best price, get the maximum rent and look after everything for you. Please do get in touch.