Nine Elms is located on the South Bank, and includes parts of Wandsworth and Lambeth. It was once a picture of warehouses and wasteland, but is now one of the largest regeneration areas in Europe, with almost 20,000 units under construction from an investment of around £15 billion. Local council leaders have stated that once complete Nine Elms will have a distinctively London flavour that will draw an influx of investors and residents.
We have all heard of the incredible plans for the ambitious 25 metre “sky pool” at the Nine Elms Embassy Gardens development. Once the project is completed, the gardens will boast the world’s first floating swimming pool. This unique and exciting architectural development will be a glass encased exterior pool stretching between the 10th floors of two separate buildings, enabling inhabitants to swim back and forth between blocks. The pool is an example of the growing development and innovative expansion of the area bordered by the river, the central railway line into Waterloo and Battersea Park.
The announcement of a 3% extra stamp duty levied on buy to let properties and second-home purchases is expected to inspire overseas investors to sell their contracts in place of completing. Those looking for potentially lucrative London investment opportunities or existing buy to let landlords could benefit greatly from the property opportunities available in Nine Elms.
When an area experiences such rapid and significant growth it projects a positive outlook for both established and new property investors. We’re passionate about helping investors to explore every opportunity available to them, which is why we are watching this regeneration project with great interest. We can provide a range of proficient property services to help you make the most of your available resources, whether you are interested in purchasing, renting or council leasing in Lambeth and other areas around Nine Elms.