In Focus: Canning Town

The Savills Blog

In Focus: Canning Town

London's Canning Town is emerging as one of the city’s most attractive residential hotspots, thanks to significant investment, excellent transport links, and a rapidly evolving lifestyle scene.

Once overlooked, Canning Town has been transformed in the past 15 years, turning into a vibrant, modern community offering great value without sacrificing the perks of urban life. For those who desire proximity to Canary Wharf’s energy but are looking for more affordability, Canning Town could well be top of the list.

The transformation of Canning Town

Canning Town has been reshaped by major development projects, most notably Ballymore’s London City Island and Goodluck Hope. These two landmark schemes introduced over 2,500 new homes and unique amenities, including a national ballet centre, establishing Canning Town as a dynamic residential choice for domestic and international buyers alike. With a sleek, modern aesthetic and lifestyle amenities that rival developments like Embassy Gardens in Nine Elms, these projects have redefined what it means to live in east London.

Affordability without compromise

While Canary Wharf remains a business and cultural hub, Canning Town offers a more accessible price point. For those looking at new-build properties, Canning Town is estimated to be, on average, 30% more affordable than Canary Wharf on a price-per-square-foot basis. This affordability appeals to a range of buyers, from first-time purchasers to young professionals, looking to invest in a high-growth area. Residents benefit from the same vibrant riverside environment as Canary Wharf, making it an ideal alternative for people wanting to balance location, lifestyle, and budget.

Connectivity to key hubs

Canning Town is exceptionally well-connected, making it a prime choice for those commuting to central business districts. With the Jubilee line and DLR (Docklands Light Railway) on its doorstep, residents can reach key employment hubs like Liverpool Street, London Bridge, and Bank in under 30 minutes—only about six minutes more than if they were traveling from Canary Wharf. This outstanding connectivity positions Canning Town as a fantastic choice for professionals who want both convenience and savings.

The lifestyle appeal

Canning Town’s transformation is about more than just new buildings; it’s about the lifestyle that residents can now enjoy. The area is brimming with stylish cafés, independent shops, and green spaces, including riverside parks that offer a refreshing urban escape. The close-knit feel of the neighbourhood, paired with its modern amenities, creates a blend that attracts a young, vibrant community. Approximately 30% of Canning Town residents are under 40, a younger demographic than the London average, and income levels among residents are rising, reflecting the area’s growing appeal to young professionals.

Discover Canning Town living at Cerulean Quarter

For those interested in exploring Canning Town’s growing appeal, Cerulean Quarter provides a contemporary entry into this vibrant neighbourhood. Situated approximately 0.2 miles from Canning Town station, this new development combines excellent design with ideal connectivity, offering one, two, and three-bedroom apartments that are now ready to move into and feature amazing views of the City, Canary Wharf and the Thames, starting from £410,000. You can find out more here.

Further information

Contact Sophie Illingworth

 

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