Hackbridge London Sutton Croydon

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Hackbridge London Sutton Croydon CONTENTS Sutton investment case 3 At a glance 5 Introducing Hackbridge 6 Employment nodes Sutton real estate outlook 8 Supply 9 Demand 10 Sales market 11 Rental market 12 Value map River Wandle Apartments 14 Introduction 16 Local area 24 Specifications SUTTON INVESTMENT CASE AT A GLANCE Employment Sutton boasts a 78.2% employment rate, above the 72.9% London average Home to the Institute of Cancer Research and the Royal Marsden NHS Foundation Trust The creation of a life sciences hub in Sutton will contribute GBP1.1 billion annually to the UK economy, creating 13,000 jobs over 20 years Population Between 2001 and 2011 Sutton experienced 5.7% population growth, with a further 2.8% rise by 2014 20,000 new residents will call Sutton home in the decade from 2015 to 2025 – a 9.8% increase Regeneration Sutton Council has earmarked development funds to upgrade Hackbridge into a ‘district centre’, increasing the area’s retail offering and amenities Felnex Trading Estate is being rejuvenated into a mixed- use destination featuring 805 housing units, a supermarket, shops and commercial quarters The redevelopment of land north of Hackbridge Train Station will deliver over 200 residential units 3 SUTTON INVESTMENT CASE HACKBRIDGE The UK’s first “sustainable suburb” Offering all the benefits of proximity to the capital, the London Borough of Sutton is unique. Green, expansive parks combine with distinctive town centres to offer a peaceful but vibrant lifestyle. Nestled between the banks of the meandering River Wandle and Beddington Park, the district of Hackbridge is perhaps most famous for being home to the groundbreaking Beddington Zero Energy Development. Known as ‘BedZED’, this eco-friendly residential community features solar panels and other carbon- neutral sustainability features such as re-usable rainwater channels. Alongside ambitions to become the UK’s most sustainable suburb, Hackbridge is also set to benefit from a number of new regeneration schemes, including the transformation of the Felnex Trading Estate into a lively mixed-use residential and commercial destination. 5 SUTTON INVESTMENT CASE KEY EMPLOYMENT NODES Central London CENTRAL LONDON 39,000 new jobs by 2025 (+10% from 2015) for the city of London The city of London generated GBP45 billion in economic output (GVA) in 2014 Over 450,000 people employed in the city of London 25 mins Sutton town centre Home to over 6,800 businesses The London Cancer hub, a major life-sciences campus, will create over 13,000 jobs and contribute GBP1.1 billion annually to the UK HACKBRIDGE economy Unemployment rate of 0.4%, against London average of 1.4% 6 mins 23 mins Croydon Over 12,500 workplaces employing more than 110,000 people SUTTON CROYDON Over 2,500 companies were founded in Croydon last year TOWN CENTRE Fastest growing economy in the UK with annual GVA growth of 9.3% as of August 2016 ‘The Silicon Valley of South London’ - Croydon Tech City is the 10th largest tech/media hub in London 5th largest cluster of financial services firms within London; home to AIG, Aon, Goldman Sachs, ING 6 Journey times are taken from the TFL website and reflect the quickest journey time 7 REAL ESTATE OUTLOOK SUPPLY DEMAND Sutton had one of the lowest levels of residential units Property demand in Sutton recorded triple digit growth completed in 2014 at just 232 units and only had 277 units (110%) from 2016 to 2017 in terms of change in available stock under construction during the same period versus total sold Twelve key sites in Sutton One Housing Zone have been A majority of this demand is from those looking to get on the identified for residential development to deliver crucial ladder for the first time. Recent research* shows that Sutton supply; five in Hackbridge and seven in Sutton town centre is one of the capital’s most popular boroughs for first-timers. Of all the flats sold here, 63% are to first-time buyers Sutton’s largest new development is Sutton Point, a mixed- use scheme near Sutton station offering 332 apartments Sutton is one of the best places in the capital to raise a family, and a hotel around a new public square, due to complete with the area offering high-quality education and affordable in autumn 2018 childcare, low crime rates and access to amenities and green space Current regeneration plans for Felnex Trading Estate and the land north of Hackbridge train station will deliver just over Sutton is one of the south east Zone 5 locations where 1,000 new homes demand and price growth are rising the fastest In 2015-2016, housing supply met only 31% of the annual household growth requirement LONDON BOROUGH OF SUTTON Housing supply as a percentage of annualised household growth (2014 - 2039) 31% of demand met 69% supply shortfall HOUSING SUPPLY (2015-2016) 8 SOURCE: CIVITAS * SOURCE: HAMPTONS INTERNATIONAL 9 REAL ESTATE OUTLOOK SALES MARKET RENTAL MARKET Sutton has a higher percentage of owner-occupiers than the Sutton rents increased from GBP855 pcm in Q4 2011 national average at 68% versus 63.4%, driving future liquidity to GBP1,169 in July 2017; a 36.7% rise for sales Due to excellent connectivity, Sutton is particularly well-placed While price growth in some parts of central London has to take advantage of the ripple effect from central London decelerated recently, average property prices in Sutton grew by 15.48% in the 12 months to Q3 2016 GCSE results released by the Department for Education put Sutton as the fourth-highest performing area in the country 59.9% total average property price growth in the five years to May 2017 Sutton was voted one of the top five happiest places to live in London in 2016 House prices in the borough of Sutton are predicted to rise by an average 4.5% each year from 2016 to 2032 Savills predicts that rents in London will rise by 24.5% over the next 5 years; higher than the expected 19% rise across the UK AVERAGE HOUSE PRICES IN NEIGHBOURING AREAS: The Royal Marsden Hospital is a major local employer - driving demand for rental stock and supporting values HACKBRIDGE WALLINGTON CARSHALTON SUTTON TOWN GBP328,560 GBP346,762 GBP376,429 CENTRE GBP387,158 10 SOURCE: FOXTONS, JUNE 2017 11 REAL ESTATE OUTLOOK Finchley Central 25 mins - Hendon £786 psf 27 mins HACKBRIDGE, SUTTON VALUE - £634 psf Walthamstow Central 24 mins Hackbridge outperforms the price-points of other - locations with a similar commute into central London. £644 psf Willesden Junction 26 mins - £769 psf Subway & Rail lines Bromley-by-Bow Bakerloo 27 mins District - £704 psf Jubilee Northern VICTORIA South Ealing Piccadilly River Thames Victoria 27 mins - Thameslink £735 psf Southern South West Trains Twickenham Legend 29 mins - £783 psf Crystal Palace Travel time to Victoria 28 mins - £642 psf Journey times are taken from the TFL website in July 2017. Only the quickest routes to Victoria, Hackbridge whichever is closest by time, are displayed. 25 mins Prices per square foot are taken from Rightmove - East Croydon and Zoopla in July 2017 and are based on £509 psf comparable high-spec or modern apartment supply. Sutton 19 mins - 29 mins £660 psf - £587 psf 12 SOURCE: RIGHTMOVE,TFL.GOV.UK 13 RIVER WANDLE APARTMENTS River Wandle Apartments are a collection of high specification homes just 9 minutes on foot to Hackbridge train station. Set in a serene location next to the river Wandle and only a short stroll from Beddington Park, this development offers a unique lifestyle for young professionals and those who commute into the capital or to neighbouring Sutton town centre or Croydon. Studios, one and two-bedroom apartments; some units with mezzanine levels A 25 minute train journey from the heart of central London’s Victoria station Next to the Felnex regeneration site - set to bring a revived retail and commercial offering to the area A 12 minute walk to Beddington Park, which is currently undergoing GBP3.7 million restoration works Car parking obtainable to some units 14 Computer generated images are intended for illustrative purposes only RIVER WANDLE APARTMENTS Streatham LONDON Wimbledon Streatham Common CONNECTIVITY Walking distance from River Wandle Apartments 4 2 To Hackbridge primary school: A 4 mins To station: 9 mins To local amenities (Sainsbury’s etc): 9 mins d R To Beddington Park: 12 mins n o d GOOGLE MAPS South Merton n o L 4 2 Mitcham A Common Train from Hackbridge Morden South To Sutton: 6 mins Mitcham Junction To Wimbledon: 17 mins Morden 7 9 Rd To Croydon: 23 mins Park 2 n A to To London Victoria: 25 mins n r 4 o To Blackfriars: 29 mins 2 h A T To Gatwick: 47 mins e v A TFL t e a HACKBRIDGE ig e R West Croydon By car from River Wandle Hackbridge Apartments d R East Croydon s ld ie To Croydon: 14 mins f Beddington ld O Park To Gatwick: 30 mins To London Victoria: 35 mins 232 Carshalton A GOOGLE MAPS A232 7 1 2 A SUTTON CROYDON shalton Rd Car Sutton y a 2 W A23 y e l Cheam r u P 16 17 RIVER WANDLE APARTMENTS LIVING / DINING 18 Computer generated images are intended for illustrative purposes only RIVER WANDLE APARTMENTS LIVING / DINING 20 Computer generated images are intended for illustrative purposes only RIVER WANDLE APARTMENTS BEDROOM 22 Computer generated images are intended for illustrative purposes only RIVER WANDLE APARTMENTS SPECIFICATIONS Kitchen Common Parts Professionally designed kitchen with high gloss finish worktops Quickstep flooring–grey/tiles with anti-slip nosings to stairs and modern tiles or glass effect splashback Satin wood white finish to all timber and white ceilings Stainless steel sinks with brush steel plated mixer taps and colour to walls Fully
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