The Investment Case for Hendon
We believe that there is a strong investment case for Hendon, in the London borough of Barnet.
This is underpinned by four main factors:
- Brent Cross Cricklewood, located close to our properties, is set for a complete £4bn regeneration. Planning permission was granted in 2010 for 7,500 homes, 3 rebuilt schools, new parks, community facilities and improved transport infrastructure.
- Hendon is a very well connected area serviced by tube, rail, buses. Further, it has great road links to the rest of London and the UK.
- London’s population continues to grow much faster than it can build new housing, so people are moving out from the centre. Hendon should continue to be attractive to wealthy professionals who are willing to commute to have more living space.
- Hendon is a family friendly location with vast amounts of green space available, one of London’s largest shopping centres – Brent Cross, and Middlesex University all within walking distance.
These points are discussed further below, or you can go directly to our properties page here:
Brent Cross Cricklewood Regeneration
Located close to our property, Brent Cross Cricklewood covers a large area of approximately 350 acres. In 2010, planning permission was secured for a £4bn masterplan for the creation of a new town centre. This includes 7,500 homes, 27,000 jobs, 3 rebuilt schools, new parks and community facilities. The town will benefit from the transformation of the existing Brent Cross Shopping Centre providing further shopping and entertainment facilities.
An already well connected area, Brent Cross, shall benefit further from an additional train station and an improved road and public transport infrastructure.
In March 2015 Barnet Council gave approval for two compulsory purchase orders leading the way for the first phase of regeneration. Work is anticipated to start in 2017 with completion in 2020/2021.
Great Transport Links
Hendon is an exceptionally well connected area, it is serviced by many tube, rail and bus transport links that provide easy access to the rest of London.
Local tube stations include Hendon Central, Colindale and Mill Hill East. The area is also serviced by rail – Hendon Station offers a direct line to King’s Cross St. Pancras International, Farringdon, West Hampstead, Luton, Brighton and easy access to Gatwick.
Further there are buses providing direct links to Marble Arch, Oxford Circus, Brent Cross, Barnet, Golders Green, Ealing Hospital, Edgware and Golders Green. In addition, for the drivers, Hendon has great access to the M1, M25, A41 A1 and A406.
As London expands, people continue to move out
The truth of the matter is that London cannot house its growing population. It’s growing at 40,000 households a year, while the housing stock has grown by no more than 25,000 a year at any point over the last 30 years. This data comes from Boris Johnson’s draft London Housing Strategy for 2014.
People are moving further out as transport links improve, and Central London becomes more expensive and crowded. Hendon is a well connected and established area on the outskirts of London, with beautiful Victorian buildings and green spaces. It should continue to be attractive to wealthy professionals looking for more space than they could achieve in central London.
The growth in demand from increasing numbers of commuters is a force that continues to drive capital and rental values up.
An ideal location for families
Hendon enjoys generous amounts of green spaces. Hendon Park, just opposite Hendon Central tube station, has tennis courts and a café that’s popular with the parent-and-pram crowd. Sunny Hill Park also boasts a great café, tennis courts and football pitches. In West Hendon, Welsh Harp Reservoir is an important bird sanctuary with 170 hectares of open water, marshes, trees and grasslands.
In addition to numerous green areas Hendon is close to Brent Cross, one of London’s largest shopping centres and Middlesex University.