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|Starting Price||£ 498,000|
|Bedrooms||Studio to 2 beds|
|Project Status||Off plan (Q3 2021)|
The Silk District
The Silk District presents a fantastic opportunity to invest in a neighbourhood about to undergo great changes with excellent strategic value. As well as having potential for significant capital gains and outstanding rental yields, The Silk District will provide luxurious homes.
The Silk District is a flow of elegant towers and buildings amongst landscaped gardens which offers first-class modern amenities;
- spin room
- 24-hour concierge
- cinema room
- flexible co-workspace
Creating an sophisticated sense of style and community. Meticulously designed with floor to ceiling windows, chic Terrazzo flooring in living spaces and warm wool carpeting in the bedrooms. Bedrooms in The Silk District come with fitted wardrobes subtly light with LED lighting and kitchens are equipped with top of the range SMEG appliances. The flexible workspaces offer two zones; one with high tables in natural light helping professionals to concentrate and another more casual zone with sofas and coffee space for reading or conducting meetings.
The Silk District Location:
Located equidistant between Canary Wharf and City of London’s financial district the project is also just a mere 4 minutes to Queen Mary University of London. The location has a wide range of high quality tenants ranging from City financial professionals and tech and creative pioneers to affluent international students.
The project is a few minutes walk to Whitechapel which will be home to the new crossrail on the Elizabeth line. The cross rail is the high speed train line spanning from East to West, it is London’s major infrastructure investment which passes through Whitechapel. This will supercharge the convenience which Whitechapel currently offers and will transform the location to a major transport interchange. It will cut travel times to and from Whitechapel in half. The entire train station is being upgraded with a green roof garden as well as larger platforms to provide passengers a much more comfortable and scenic commute. The trains will run every two and a half minutes during peak times, passengers will also find Wi-Fi as well as air conditioning on board.
The council has designed what is called the ’Whitechapel Vision’’ which is the masterplan of the regeneration. One aspect is a focus on rejuvenating the high street and creating green spaces and squares for the public to enjoy. The masterplan of Whitechapelwhere The Silk District is includes first class educational and research opportunities starting with the further development of Queen Mary Medical School creating a globally competitive research centre. Health, Bio-Tech and Life Sciences, are regularly cited as sectors which will play an important role in the future of the UK economy. The Mayor of London has made reference to this in his vision identifying “a growing cluster of academic health science expertise – a ‘Med City’”. Within the recent years a number of changes within the locality can be seen, such as the arrival of The new Royal London Hospital and the London Overground line.
A green spine has been designed with the creation of a new north/south green linear park connecting Whitechapel Road and Commercial Road through the ‘Med City’ campus. Street furniture and street lighting with be upgraded as well as a new church square which features public art and entertainment.
The Whitechapel regeneration is a £300 million plan, making it the next property hotspot in London. With these changes in mind investors and savvy buyers can expect capital growth and an attractive rental potential. The highest house price growth can be achieved within London’s regeneration zones. Research conducted by Dataloft has shows there to be a 17% increase in the annual price of new homes within regeneration zones within 2012 until 2016. London centre is slowly moving east, and Whitechapel is set to become a key London destination.
Whitechapel station – Just a 3-minute walk away from The Silk District and already an important interchange on the cusp of Zone 1, two Tube lines and the Overground connect you to central London in minutes. Follow the river Thames and stop off at key cultural destinations along the way including Tower Hill, Embankment and Big Ben.
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