Charles Calverley is Residential Development Director at Quintain. Charles has worked at Quintain for two years and has recently been focusing on the Wembley Park revitalization.
Here, Charles gives his insight into the latest phase of this ambitious redevelopment project, Alto Apartments. Alto is a stunning new landmark for London, with 19-floor towers that set a new benchmark for sophisticated urban living. Alto offers spacious 1, 2 and 3 bedroom apartments, most of which have their own private outdoor space or balcony. The development also includes a 24-hour concierge and private gym with studio room and spa treatment rooms.
“There are several factors that make Wembley Park a great place to invest. According to the property website Zoopla, prices there have risen by 8.41% in the last year alone. As Quintain’s redevelopment work progresses, Wembley Park becomes more and more attractive, so investors can look forward to the prospect of capital growth.
Investors can also look forward to healthy yields and minimal void periods as there is strong tenant demand for rental properties in the area. The stylish apartments, great leisure and shopping facilities, green spaces and excellent transport connections make Wembley Park a very desirable area to live.
Finally, investors can enjoy the hands-off nature of their investment, as our on-site Wembley Park Residential team can handle everything from finding tenants to rental agreements and maintenance.
As the redevelopment work has taken place, we have seen an influx of young professionals and their families to the area. Wembley Park’s fantastic public transport connections make access to Central London easy and many of our residents work in the West End / City.
We’re proud that Wembley Park is a diverse community that attracts residents from all walks of life. Most recently, the opening of a new Lycée school has attracted French families to the area but we also have residents from all manner of other locations.
Investors in Wembley Park tend to be those who have been monitoring London’s property market for a while and looking for an opportunity that presents the potential for steady capital gain, as well as healthy yields. This is a mid-market opportunity in terms of price point so offers a good, balanced investment for those looking to add to their property portfolio.
As Wembley Park provides a good opportunity for a truly hands-off investment, we are seeing a lot of interest from investors overseas, as well as from those based here in the UK.
The UK, like the US, Australia, Canada and many other established markets has seen a significant upsurge in interest from Chinese buyers when it comes to residential property. The stability of our property market is obviously a key attraction right now and many buyers from China are looking to capitalize on that.
Always opt for a fully managed investment when it comes to residential property. Finding tenants and dealing with maintenance queries can be stressful, so I would always recommend having a trusted management company in place.
I would also advise investors from overseas to do their homework in terms of looking at an area’s price trends. It provides additional confidence regarding the potential for capital growth.
One of the most special things about Quintain is the scope of its vision. When it started work at Wembley Park it knew it had a huge task ahead but it was about so much more than just constructing buildings. We wanted to create a true community, where Londoners could live in harmony and that is precisely what we’re doing. It has taken a lot of time and effort but Wembley Park is now one of the UK capital’s most exciting residential and leisure districts.
There’s still a lot to be done and we are accelerating the pace at which the work is being undertaken in order to keep innovating as the area grows. There’s already a great family atmosphere in Wembley Park and, as we create additional residential buildings and community spaces, that’s going to be enhanced even further. It’s special to be a part of true community creation like that.”