The Savills Blog

London riverside investment: five waterside gems

Riverside Court, London, SW8

With billions of pounds being invested in development and regeneration along the Thames, London’s riverside market is experiencing ever-increasing demand from buyers and tenants.

But let’s forget Battersea Power Station, Chelsea Harbour and the other brand new luxury developments for a moment, as Savills Waterfront gives you the lowdown on some fantastic investment opportunities on the river.

It's in postcodes such as SW18 and SW8 that savvy investors will find some of the most affordable properties, and potentially some of the best capital growth opportunities on the river. Here are five waterfront gems to look out for.

1. Riverside Court/Elm Quay Court, SW8

Vauxhall Station: 0.5 miles (Zone 1 – Victoria Line and National Rail).

Popular with tenants, these two riverfront blocks are perfectly positioned in Zone 1, on the edge of the Nine Elms regeneration project (including the redevelopment of Battersea Power Station), and ready to benefit from the improvements to the area. With pricing similar for both, expect to find a two-bedroom on average from £800,000, with yields of between 3.5 and 4 per cent. Considering the scale of regeneration on the doorstep, these apartments will quite possibly see some good capital growth in the coming years.

2. Point Pleasant, SW18

Putney Station: 0.8 miles (Zone 2 and 3 – National Rail). Wandsworth Town: 0.7 miles (Zone 2 – South West Trains). Riverbus stop (Wandsworth Riverside): 0.1 mile.

Point Pleasant is located on the border of Putney and Wandsworth, beside the very popular Riverside Quarter development and next to Wandsworth Park. Riverfront apartments will generate the highest rent, but your best bet is to look at the apartments just off the river, where you can often still get partial river views and yields are much better. A one-bedroom apartment in the development is currently being marketed at £330,000 and, with similar apartments renting for over £1,400 per month, you could be looking at a yield of over 5 per cent. An average two-bedroom here will set you back about £700,000.

3. Riverside West, SW18

Wandsworth Town Station: 0.2 miles (Zone 2 – National Rail).

Next door to the better known and ever expanding Battersea Reach development, Riverside West has underground parking and an on-site porter and concierge, as well as a grocery shop, café and Virgin Gym with a swimming pool. It also has a lovely stretch of the River Thames pathway alongside communal gardens. Expect to buy a two-bedroom flat for in the region of £600,000 and achieve a rental yield of around 3.5 per cent.

4. Price’s Court, SW11

Clapham Junction: 0.6 miles (Zone 2 – National Rail, London Overground). Riverbus stop at Plantation Wharf next door opening this year.

One of a number of similarly priced developments along this stretch of Battersea Waterfront, Price’s Court is within walking distance of Clapham Junction Station, Northcote Road and Battersea Square. A two-bedroom apartment here costs an average of £650,000 and you can expect rental yields of around 4 per cent. This particular development has an on-site porter, immaculate communal gardens and underground parking.

5. Regent on The River, SW6

Imperial Wharf: 0.5 miles (Zone 2 – London Overground). Riverbus stop nearby at Chelsea Harbour.

Regent on the River is three riverside high-rise blocks, well placed between the ever popular Imperial Wharf and the impressive brand new Fulham Riverside development. These apartments are within walking distance of both Parson’s Green and Chelsea’s Kings Road and offer some absolutely superb river views as well as an award winning communal garden. This development offers underground parking and 24-hour porterage within the gated community. Prices vary depending on the aspect, but are approximately £800,000 for a two-bedroom apartment, with 3-5 per cent yields available.

Further information

Contact Savills Waterfront or view available waterside properties for sale or to rent.

View coastal properties for sale in the UK

 

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