Old Kent Road in Southeast London is an area that is rapidly on the rise. In recent years, it has seen a surge in new development projects, turning it into a hot spot for many property investors and young professionals.
Known as an industrial area for many years and now home to many world recognised artist studios and diverse businesses, this up-and-coming area was recently featured in an article by The Telegraph, which interviewed us at Alex & Matteo Estate Agents about the area’s desirability due to the relatively short commute into Central London via bus route or the new Bakerloo Line extension proposal.
Couple of year ago we blog about the most recent developments in the area (click here to access the article), but there are few new sites to keep your eye on:
London Square – is under construction with 406 new homes at old Cross and Blackwell factory in Rich Industrial Estate. A little over 100 of the homes are designated as affordable housing. The section will also include space for creatives like the Tannery Arts and Southwark Studios and an art gallery named The Drawing Room.
Southernwood Retail Park – This development plan comprises over 700 residential units with an additional 2,000 sqm of commercial and retail space standing 48 storeys high and including a 195 unit hotel and cinema.
Malt Street – This development is still in the planning stage with a vision of over 1,000 homes with about 40% designated for affordable housing with a quarter designed for social rent. This development will come online in phases with a plan for affordable retail space and a role in Surrey Canal Linear Park.
Ruby Triangle – is another section of development that has not yet started located between Sandgate Street, Verney Road and Old Kent Road. Here you will find a mix of apartments, a park, commercial, retail, and business space including a tech hub incubator.
Cantium Retail Park Redevelopment – Cantium will showcase almost 400 homes for social rent or shared ownership with another 750 homes. To stay aligned with the live and work vibe of the area, there will be another 5,000 sqm of office space spanning several buildings from three to forty-eight storeys.
Other mixed residential and commercial/retail Bermondsey developments in the works and approved are in Verney Road, Ilderton Road, Livesey Place, and Devonshire Square.
At Alex & Matteo Estate Agents, we are excited about the future of Old Kent Road. We believe these new developments will help bring new life to the area and make it a sought-after destination for residents and businesses as long as they are built with respect to its surroundings and the heritage of the area. The Old Kent Road development team believe that by bringing in a mix of housing options, commercial spaces, and leisure facilities, they can create a place that truly has something for everyone.
Old Kent Road has a rich history and a bright future ahead. With all the new developments in the works, for many residents it is an exciting time to be a part of this vibrant community. If you are interested in learning more about the properties available in Old Kent Road, or if you have any questions about the area, please don’t hesitate to contact Alex & Matteo Estate Agents. We would be more than happy to help you find your dream home in this exciting part of London.
Whether you will be welcoming the new developments or not, we can all agree that our neighbourhood is in for a decade of change. If you’re wondering about the effects this project is having on the property market, give us a call, send us a message, or book a free of charge valuation.