CROYDON CANARY
WHARF
LOCAL PROFILE LOCAL PROFILE
• Croydon Growth Zone: a 12 year
£5.25 billion programme with
46 regeneration projects including
the £1 billion Westfield project
• Prices significantly less expensive
than across London, with opportunity
for uplift
• New homes accounted for 30%
of sales in 2019, achieving a 19%
premium per square foot
• Build to Rent is increasing within
the area: 19 schemes launched or
in the pipeline will add more than
2,500 new rental units
• Buzz of activity: one of London's six
new Entreprise Zones focusing on
new business
• Well-connected to London, and
Gatwick airport, with high-speed rail
links. The area also has London's only
tram network
• This well-connected location continues
to grow, with demand increasing as a
result. Since 2011 there has been
a 19% increase in dwelling stock.
Crossrail is set to reduce journey time
to Bond Street to 13 minutes
• Over half (54%) of all those moving
into the area are aged 20 to 29, while
the population is expected to grow by
18% over the next 15 years. Half of
tenants are employed in financial or
professional services
• The area is seeing a massive amount of
development with a quarter of the
Capital's Build to Sell and 11% of all
Build to Rent homes currently under
construction
• Nearly half of all sales in the last five
years have been new homes. This has
helped to push up values per square
foot which have increased 22% in the
past 5 years
£336,715 £439,007
£1,279 PM £1,711 PM
Average property price Average property price
Average rent Average rent
CROYDON'S RENAISSANCE AS
A PLACE TO LIVE AND WORK IS
TESTIMONY TO THE VISION OF
DEVELOPERS AND PLANNERS.
THE CANARY WHARF SKYLINE
IS AN ICON FOR LONDON'S
FINANCIAL MARKETS AND NOW
A POPULAR PLACE TO LIVE.
KEY
Transport &
Infrastructure
Education Employment
PROFILES
Union Wharf
Coppice Yard
20 The London Report | Local London profiles