>

Bermondsey Heights in London launched for sale

By Hailey Yu

/ EdgeProp Singapore |

October 21, 2022 2:29 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Bermondsey Heights, a mixed-use residential-cum-commercial development by UK developer Barratt London, has been launched for sale, according to a press release from One Global Group, the appointed marketing agent for Southeast Asia.

The development is located in London, south of the River Thames in Bermondsey’s regeneration area, and is expected to be completed in April 2025. Part of the wider regeneration of South Bermondsey, Bermondsey Heights is located in the Borough of Southwark and is a short ride to Tower Bridge, The Shard, Borough Market and Bermondsey Street. South Bermondsey railway station, the nearest station, is a 10-minute walk away and one stop to London Bridge station.

A proposed new Overground station at Surrey Canal Road, steps away from Bermondsey Heights, is scheduled for completion in early 2025.

The main 26-storey residential tower at Bermondsey Heights has commercial units underneath and houses one-, two- and three-bedroom apartments with city views. It will also feature landscaped courtyard gardens, a roof terrace and children’s play area.

Every unit has an open-plan layout and a private balcony or winter garden, while over 95% are dual aspect. Prices start at GBP596,000 for a two-bedroom apartment.

In addition to 163 private homes, there will also be 32 shared ownership homes.

Regeneration plans for the wider area include a 30-acre (12.1ha) development project with up to 3,500 homes, 13 new public spaces, a business district with offices, retail shops, F&B, a sports complex and arena.

“Bermondsey is going through an incredible transformation, making it one of London’s most exciting areas to live,” says James Puddle, CEO of One Global Group.

“It is an attractive investment opportunity for property buyers in Singapore and Malaysia,” he adds.

Similar regeneration schemes in London have achieved a price growth of 1.9% to 5% annually as compared to other properties in the same borough, according to One Global Group. Puddle expects house prices at Bermondsey to increase by 22% over the next five years, with rental values growing by 13%.

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter