Cricklewood included in the Top 3 up and coming areas of London
Now is the time for first-home buyers and investors to start looking at properties within Cricklewood and nearby Brent Cross, both located North West of London, with both areas set to receive major facelifts and thousands of new homes built in the coming years.
The £5 billion regeneration project has been 10 years in the making, and will see around 7,500 new homes and 27,000 new jobs being created. The Brent Cross shopping centre will be expanded, as well as a brand new £97 million Thameslink train station being developed, giving locals a 12 minute commute to the city centre. It also sees a redevelopment of the Whitefield Estate, a new town centre, replacement school’s, improved parks and roads in Cricklewood, and a new garden bridge over North Circular Road.
The scheme is set to begin at the end of this year, with the first batch of properties to go on sale mid-2019. Now is the time to buy within these areas, with the average property sale price having increased 11.38% over the past decade and is expected to continue to rise, as well Cricklewood’s current average property price which is sitting 16.4% above the London average.
Cricklewood is situated with Wembley to the west, Hendon to the North, Hampstead to the east and Kilburn to the south. The area is predominately dominated by Victorian and Edwardian houses, thirties houses, and converted new-build flats, which have more than doubled since London’s housing market started recovering from the financial crisis of 2007 and 2009.
Cricklewood boasts great transport links, with trains into the city, St Pancras and in the other direction of St Albans, also just a short distance down the road is access to Kilburn Underground as well as the Overground in West Hampstead. It also features plenty of parkland, pubs and beautiful properties which makes it perfect for families and young professionals who are looking for an excellent location with all that you need at your door step.