Riverdale House, Galliard Homes, Lewisham (Part 2)

So, what's the magic?

Regeneration.  You can find the pdf here.  In terms of other residential developments, there have been Silkworks and Silvermill (Berkeley Homes) as well as Renaissance (Barratt Homes).

One tip - some of the above developments that I mentioned have already completed.  If you are interested in this project, you may want to search the Internet for those developments.  See where they are located. Also, check out from websites like rightmove whether there are units for sale and look at the asking prices.

Yes, the place is "run-down" compared to the posh areas in London.  The issue is whether you expect this place to improve significantly in the medium term.

Had this place not been so run-down, the prices would be sky-high already right?

Something to think about, indeed.

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

Riverdale House, Galliard Homes, Lewisham

New launch by Galliard Homes. Located in the London Borough of Lewisham (Zone 2). Galliard is a very reputable UK home builder.

First impressions
Lewisham was the place of some riots not too long ago. However, much has changed. There is substantial regeneration going on. Many major builders have gone in earlier than this development, including Renaissance by Barratt Homes.

In nearby Deptford (also part of the London Borough of Lewisham), there is a mega project coming up called Convoys Wharf, by Hutchinson Whampoa.

Why is Lewisham interesting?
Transport links are fundamentally good. 8 minutes by train to London Bridge, every 5 minutes. Zone 2.

Pricing
No doubt this development is priced aggressively. The pre-launch are all studios. Most of them are 334sq ft. Price ranges from £230k to £250k, so you are looking at 7XX £ psf.

Least peaceful place in the UK

Lewisham has been cited as the most unsafe place in the country, by Insitute for Economics and peace. The homocide rate is twice the national average. Knife crime numbers are also worrying. For detailed information you can download the Peace Index report here.

Here is the excerpt on Lewisham:

Sounds a bit scary yah? But it all depends on how you look at the issue.

More thoughts in Part 2.

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