Queens Park Place, NW6, London UK

A very interesting development in what looks to be a pretty good location, right next to Queens Park Tube (Zone 2). The developer, Londonnewcastle, has set up a pretty website for this development of only 116 apartments.

Londonnewcastle Developer
They call themselves Central London luxury residential developer.  More information on their past projects can be found on their website.  Before this, I was not aware of this developer.

Queens Park Place NW6
The development's website is worth a look.  I find it very classy and informative.  It talks about a secret revealed.  What secret?

Queens Park

The secret is the location - Queens Park.  This is a traditional North London residential area (Zone 2) that is rather posh. Many houses here that sell for millions of pounds.  Up till now, it is not well known to overseas investors, perhaps because this area is already very well established and not many opportunities for new builds in recent years.

The development will have 3 L-shaped buildings. See the artist's impression from the website. Property is due for completion in Spring 2016.

As usual, we turn to google maps for an overview of the area.  I marked out the site on the map.  The building is bordered by Salusbury Road, Albert Road and the railway line.  It has 3 blocks running the length of Albert road, with green courtyards between them.  Note that there would be some noise from the rail, however, the development comes with double glazing.  That said, it would be better to get a unit nearer to Albert Road.

I took a virtual walk down Albert Road and I did notice many new builds.  I'm not sure which developments are those.  Maybe you want to check it out.  Bear in mind that there is no regeneration story in this area, as far as I'm aware.

On Google Maps, I have zoomed out a bit more.  You can see Queen's Park Tube in the middle of the map. Queen's Park (a large Victorian Park) is within easy walking distance from this development.  It is a 12 ha park, opened to public since 1887.  The park even has a pitch and putt golf course.

Queens Park Station (Travel Card Zone 2) is served by both London Underground and London Overground.  All platforms are on the surface.

London Underground 
London Paddington (see blog post on Paddington Exchange) is 7 minutes away on the Bakerloo Line. Morning peak, 2-3 minutes. At night, 4 minute frequency. Don't underestimate the frequency of the Tube, though sometimes they go on strike. Bakerloo line is the only Underground line serving this station.

London Overground 
The London Overground is a rail network that serves a large part of Greater London. It was only established in 2007, and has 83 stations on six lines. Queens Park is on the Watford DC Line. It is 3 stops to London Euston. Journey time is 14 minutes, however, the trains are not as frequent. (every 20 minutes)

Pricing
This development doesn't come cheap.  You are looking at £750 to £900 psf.  However, this is still significantly cheaper than Paddington Exchange and you are just 7 minutes away on the very frequent Bakerloo line.  This development will also benefit from the Crossrail coming to Paddington.

Happy investing.

Important Disclaimer - . The views contained in this blog and blog post are entirely mine. We cannot be made responsible for any investment decisions you may, or may not, take. Nothing in this blog can be construed as professional investment advice, as we are NOT professional investors and we are ill qualified to give you any advice.  Read the blog at YOUR own risk