Tooting is currently hot property with house buyers and is being touted as one of London’s trendiest neighbourhoods. The area is benefitting from the Wandsworth halo effect, with an influx of young professionals moving there having being priced out of Balham and Clapham, and also from a number of high profile restaurant and venue openings including Honest Burger and Chicken Shop, the latest venture from the Soho House group.
Julia Reynolds, Sales & Marketing Director, Crest Nicholson London, commented: “There’s a huge amount of media buzz about Tooting and, consequently, it is enjoying a huge surge in popularity with property purchasers and is fast becoming the latest London hotspot. There are fashionable new bars and restaurants opening on a regular basis as businesses look to capitalise on the growing numbers of young professionals moving into the area having been priced out of more established parts of Wandsworth.
“We identified Tooting as a future hotspot some years ago and it’s exciting to see our plans come to fruition at The Broadway. The apartments set a new standard for developments in the area, offering the level of specification normally expected from homes in more established locations. The Broadway is in a prime location right on the High Street, close to public transport and also to St George’s Hospital. As a consequence, the development is likely to prove attractive to both young professionals looking for a contemporary new home and investors, attracted by the potential for long-term tenants working at the hospital.
“With reports estimating that the ripple effect from prime London areas will see prices in Wandsworth rising to the £2,000 per square foot threshold in the next decade, we’re confident that The Broadway represents an excellent long term investment as well as a great location to live right now.”
When complete The Broadway will comprise 83 one and two-bedroom apartments and 22,738 sq ft of retail floor space in a prime location within immediate proximity of St George’s Hospital.
The apartments will be built to a similar specification to the company’s highly successful Resonate development in Stockwell, which sold out within four months of coming onto the market. Internal layouts have been configured to maximise living areas. High specification finishes include composite stone kitchen work surfaces and integrated appliances to create apartments that will appeal to a variety of potential purchasers.
Most apartments include private external space in the form of a balcony or terrace and the development will include 47 off street parking spaces, communal landscaped gardens and bicycle storage areas. There are also two Zip Car spaces and residents will be given a three year membership to the car share club.
Prices for one-bedroom apartments start from £320,000 and prices for two-bedroom apartments start from £435,000. Some apartments may be available on the government-backed Help to Buy scheme available to both first time buyers and second steppers. For more information or to make an appointment to view the show apartment, telephone: 020 3375 2241.