South London’s Old Kent Road to undergo £10bn regeneration
- 19th November 2019
- Buying Property News
20-year investment plan to include new underground stations, schools, houses and shops
A new £10 billion regeneration project has been planned for South London’s Old Kent Road. Originally the road was part of an ancient trackway that was paved by the Romans and used by the Anglo-Saxons for access to the coast and more recently renowned for being the first square on the monopoly board. The three-mile-long road has been marked for a huge 20-year investment programme aimed at developing the area into a transport and residential hub.
The development will include the extension of the Bakerloo line, creating three new underground stations, a new town centre and the building of thousands of homes including 7,000 affordable houses. As well as rejuvenating the area the project aims to create 10,000 new jobs to encourage individuals to move to the area. These plans are currently in consultation with local government.
The mixture of residential areas and creation of schools, shops and leisure facilities, will boost the property market, making Old Kent Road an attractive destination for first-time buyers.
This project is part of a wider effort to rejuvenate South East London and likely to prompt an increase in house prices that neighbours Peckham, Oval and Elephant & Castle have experienced.
As well as houses there is an effort to create a ‘Greener Belt’ of open spaces like parks to make the area more appealing. The creation of more green spaces also has a positive impact on the value of property.
Stephen Ludlow, Chairman at ludlowthompson, says: “Old Kent Road is the next up-and-coming area. With its varied history, multiculturalism and central location there is great potential.”
“Thousands of affordable homes and great transport links to central London make it a great place for people to get on the property ladder.”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on all Agents out of 15,000+ agents, with 5300+ 5* reviews. Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
Charlotte Owen via Google Reviews:
“Richard at ludlowthompson was super helpful and honest. He guided me through the process thoughtfully. I really appreciated the guidance he gave me and he would always be on the phone to answer any questions I had.”
Sadie Williams via Google Reviews:
“I have received an excellent letting service from this company and I would highly recommend them. They have taken a lot of trouble to meet my requirements, been extremely helpful and friendly, and are always available to discuss any issues and work out solutions together.”
“Old Kent Road is the next up-and-coming area. With its varied history, multiculturalism and central location there is great potential.”
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