Posted 3 December 2015 by Charlotte Page
Located in the Borough of Barnet, Colindale has been declared by Mayor of London, Boris Johnson as an Opportunity Area, with plenty of disused brownfield land that can be developed into new homes and places of employment. With its transformation offering residents over 10,000 new homes by the end of 2025 and over 2,000 new employment opportunities, Colindale is rapidly becoming a popular living choice amongst Londoners.
Colindale is the 17th-largest of Barnet’s 21 wards and is currently rated as the 3rd-most popular ward to live, according to official statistics by Barnet Council. With a current population of 18,727 residents, it is predicted to substantially increase to 35,363 in the next decade.
The extensive regeneration has created a real sense of community spirit with its recent developments welcoming four new primary schools, an improved transport system and various new leisure activities. Labour leader of neighbouring Brent Council, Muhammed Butt has praised the transformation with the recent developments “helping [to] shape Colindale into a vibrant, successful, and diverse neighbourhood where people want to live, work and visit.”
Typical of the new homes developments in Colindale is Pulse, providing over 700 new properties. Sales and marketing director of developer Fairview, Jim Holliday, says: “Pulse has proven hugely popular with buyers because of its ideal location, just a stone’s throw from Colindale tube station; [it] has been a magnet for commuters.” The company is now working on a new phase of apartments at Pulse. Holliday adds: “We remain committed to playing a leading role in the continuing regeneration of Colindale for years to come.”
In a recent survey conducted by London-based estate agents, Foxtons, the average flat price in Colindale is £471,358 and a three-bedroom house on average starting from £759,975. Nevertheless, properties in Colindale significantly vary with a property price range of £225,000 to £1.25m.
The introduction of the night tube – currently delayed by a dispute between London Underground and its staff unions – might further promote Colindale as a hotspot for buyers, with the area offering a gateway into central London. Colindale to London Waterloo takes just 34 minutes on the Northern Line, with a one-way journey costing just £3.90 during peak times and £2.80 off-peak with an Oyster card.
New Homes in Colindale
After the recent success of their Varsity development at Pulse, Fairview is currently developing a new collection of contemporary apartments under the name, Edition. Situated at a former British newspaper library, this new collection offers one-, two- and three-bedroom apartments. Prices to be confirmed.
TNQ London, also known as The Northern Quarter, celebrated the final phases of construction at the start of October. Consisting of 460 apartments across five buildings, properties in this new skyline are currently available from £275,000.
Genesis Housing is currently developing a range of one- and two-bedroom apartments, each with a 250 year lease. Prices start from £325,000.
Built on a former telephone and electric factory, Silver Works by Galliard Homes, are currently developing 191 apartments, six four-bedroom townhouses and 13 disability-friendly apartments. Situated across five private blocks, prices start from £285,000 and are ideal for the first-time buyer and city commuter.
As part of their £26m scheme, Green Point by Mar City Homes is offering several spacious one and two-bedroom sustainable apartments as part of their recent development. Starting prices are from £402,950.
The Sterling Apartments are the latest release from Berkeley Homes. Centrally located in the Beaufort Park development, this new collection is made up of one-, two- and three-bedroom apartments and penthouses. Prices to be announced.
Network Living’s latest development Nordic Quarter is a collection of one- and two-bedroom Scandinavian-inspired apartments. One-bedroom shared equity apartment in Nordic Quarter’s starts from £263,000 and selection of homes are available through Shared Ownership, with prices starting from £88,200 for a 35% share of a one-bedroom apartment.
Just announced is another huge scheme, bringing 2,900 new homes from Redrow London. The £1bn project will take around 12 years, with a range of houses and apartments to come over the 49-acre site replacing 1960s tower blocks, and bringing new public open spaces, sports pitches, shopping plaza and primary schooling.