Property remains a popular investment despite last year’s fears about the market following the referendum. Even as stamp duty has increased, many clients still see a return on their investments. Here we look at the riverside neighborhood of Shad Thames and examine the investment potential of property in the area.
Exclusive riverside living
There is plenty to attract tenants to this recently regenerated area on the banks of the Thames. Designer Terence Conran kick-started the redevelopment of Shad Thames by opening his fine dining restaurants Pont de la Tour, the Blueprint Café and Butler’s Wharf Chop House, and the area is now home to a buzzing scene of bars and shops to boot.
Distinctive properties in converted warehouses
Buy-to-let tenants are attracted to properties with character, and Shad Thames is home to some of the finest converted warehouses in London. These luxury properties are the result of the painstaking redevelopment of Victorian warehouses that used to store tea, coffee and spices. Today the properties combine contemporary finishes with original features such as brickwork and beams to offer the perfect blend of old and new.
Shad Thames is a stone’s throw from Tower Bridge, which means that both the City and Canary Wharf are within easy reach. This makes the area popular with tenants who work in financial services. With a prestigious postcode and easy access to the office, Shad Thames is a major draw for these young professionals.
Great views across the Thames
Tenants looking for high-end properties are often looking for something special to make their new home stand out from the crowd. Shad Thames will leave anyone awestruck thanks to breath-taking views of Tower Bridge and the River Thames. Look out for waterfront properties, which command a rental premium, or mention the riverfront bars and restaurants.
Strong transport links
Thanks to its central location it is easy to get around London and elsewhere from Shad Thames. With various Tube and Overground stations within easy reach, tenants who value their mobility will be pleased to move into a property in the area. With quick links to London City airport and St Pancras International station, getting to the continent is a cinch whether the trip is for business or pleasure.
Shad Thames has seen rapid development in recent years, but crucially it has retained its character. The Victorian architecture may now house luxury properties and upscale restaurants rather than spice warehouses, but the spirit remains the same. Thanks to thoughtful redevelopment and an influx of new businesses, property in Shad Thames is a strong investment and demand for rental properties remains high. The combination of a central location, exclusive converted warehouses, and proximity to major financial centres makes Shad Thames a great area for buy-to-let investors.