With Crossrail coming soon and a huge regeneration project on the horizon, things are on the up for this south east London borough
Where is it?
The London Borough of Bexley is located in south east London, sharing borders with Bromley to the south, Greenwich to the west, Havering to the north and Dartford in Kent to the east.
Who lives there?
According to the 2011 census, 232,000 people live in the borough. The gender split is 52% female to 48% male, and 77% of residents describe themselves as White British.
Bexley station offers services to London Charing Cross and London Cannon Street. With a new Crossrail station to open at Abbey Wood in late 2018, transport times in to Central London will be significantly reduced to just 25 minutes, with up to 12 extra trains an hour linking Abbey Wood with the city. House prices are already on the up in Abbey Wood, with a two-bedroom flat costing £248,000 and a three-bedroom house at £326,000
What is the political landscape like?
The borough is divided in to 21 wards, with each ward represented by three elected councillors. In the most recent council elections, the Conservatives secured 45 sets, the Labour Party 15 seats, and UKIP three seats. In the 2015 general election, the Bexleyheath and Crayford and Old Bexley and Sidcup seats were secured by the Conservative party, while Labour won the Erith and Thamesmead seat.
What do houses cost?
Recent research showed that aside from Barking and Dagenham, Bexley is the only London borough where the average home costs less than £300,000 (£289,750).
Despite its comparatively cheap prices, Bexley is London’s seventh fastest growing borough and has experienced annual price increases of 14.1%. If you want to purchase a property here, you need to move very quickly. Data for May and June shows that 75% of homes marketed in the borough found a buyer, the highest level in England, Wales and Scotland.
Did you know?
In February, London mayor Boris Johnson announced nine new housing zones in London, designed to speed up the supply of new housing in the capital. Bexley’s bid for an initial 1300 new homes at South Thamesmead and Abbey Wood was included in the list.
With an £80m financial package on offer for the new housing zones in Greenwich and Bexley, the governing councils and the housing association Peabody hope to launch up to 3,000 new homes over the next ten years.
Regeneration of the former town hall and library site in Crayford is already providing a boost to its town centre, with phase one of the works now complete. In addition to an attractive new town square, library and meeting place, the scheme includes 188 new homes.
The former Samas Roneo site on Maiden Lane has also been regenerated, with Barratt Homes creating Vickers Green, a collection of 200 new properties across a range of two-, three- and four-bedroom houses and one- and two- bedroom flats.
The Erith Park redevelopment by Orbit Housing Association will include a mix of houses and apartments for rent and private sale. The show apartment at this development is now open and private sale and Shared Ownership options have been released for one- and two-bedroom apartments. Under the Shared Ownership scheme, buyers can purchase a 35% share of a two-bedroom apartment from £63,000.
The regeneration of Southmere Village by Peabody will result in the construction of over 500 new homes for sale and rent, and new community facilities including shops, a library and a health centre. An outline planning application for the Bexley and Greenwich’s housing zones will be complete by the end of the year, with a total of 1,900 new homes in the pipeline on sites in the two boroughs.
Tower Hill by Barratt Homes
Tower Hill in Belvedere is a brand new Barratt Homes development offering an impressive mix of houses and apartments for a range of different lifestyles.
Barratt sales and marketing director Pam Reardon said the development is proving particularly popular with commuters, offering easy access to London and nearby towns whether by rail or road.
“With its convenient position – near to shops, restaurants, entertainment and all other local amenities - it’s no surprise this development has already been causing a buzz among would-be residents and investors,” said Pam.
The first release of homes has now sold out with potential buyers being invited to register online for the next phase due for release.
Find out more at www.barratthomes.co.uk/towerhill ; 08444 700 556
Ratio by Redrow
Located on the eastern fringes of Erith, new Redrow homes here are ideally located for commuting to The City. Current availability at the popular development includes four-bedroom homes from the Regent Collection, priced from £334,995.
Influenced by the timeless grandeur of Georgian architecture, the designs are modelled on the classic merchant townhouses of days gone by with solid yet intricate detailing that leaves a lasting impression.
Step inside and they’re thoroughly modern with a high specification as standard. Kitchens are well equipped with integrated top brand name appliances, while bathrooms and en-suites enjoy quality fixtures and fittings.
Find out more at www.redrow.co.uk/ratio ; 01322586261