Q3 Residencies, Heathrow UB3 5AR
Crossrail investment opportunity
Select Developments Group is delighted to offer to the market, this exceptional conversion of former office space into 42 contemporary apartments. Apartments are 1 bedroom (studio) and 1 bedroom with sizes from 400–500sqft and prices under £250,000 resulting in strong projected rental yields. This scheme has been specifically designed with investors in mind and will benefit from the huge projected upturn in capital values and rents forecast by leading market analysts JLL and driven by the delivery of the Crossrail project which puts central London within 23 minutes.
With 73,000 workers at London Heathrow Airport and the Governments announcement of a third runway, the Heathrow/Hillingdon area is set to become a key location for experienced investors. Current affordability is truly competitive - both rents and capital values are expected to see a huge boost from now until 2020 and beyond. This is the latest project from experienced residential developers Select Developments Group following the success of our other residential conversions in central London.
Q3 Residences will offer high specification accommodation aimed at 1st time buyers and professional tenants and has secure underground parking spaces for each apartment included in the price.
First completions are expected Q4 2017.
The £14.8 billion Crossrail project is currently Europe’s largest infrastructure project. Construction began in 2009 at Canary Wharf and is now almost 75% complete. Crossrail will provide 55,000 full time jobs and 75,000 business opportunities created during the construction of the new railway.
According to a forecast by respected real estate analysts JLL, the ‘crossrail effect’ will see a 38% uplift in house prices in neighbouring West Drayton by
2020 and a 32% rental growth by 2020. The area is seen as the third most desirable on the entire Crossrail route for buy-to-let investment.
Improved connection will see journey times between Heathrow Central station and Bond Street cut to 23 minutes, Liverpool Street to 34 minutes and Canary Wharf to 40 minutes. A train every two and a half minutes at peak time through central London will facilitate the travel of around 200 million passengers each year and will directly benefit the UK economy by £42bn with the creation of superior links between the Capital’s major commercial and business districts - Heathrow, the West End, the City and Canary Wharf.
One Bedroom Studios
One Bedroom Apartments
Transport & Local Area
42 stylishly designed and finished dwellings
Excellent London Heathrow location that is supported by a good transport network
Located in an area where there is high demand for residential growth
Stunning entrance featuring large atrium
External brick elevations
Open plan contemporary staircases in the centre of the atrium
Secure basement car parking with 80 bays
Two lifts running from the basement car park to the top floor