Billions are being invested in new homes and workspaces for the Thames Barrier town. reports
AS REGENERATION flows like an inexorable current along the Thames, the next location set to benefit from billions of pounds of investment is Charlton. Surprisingly close to Canary Wharf and with fast transport links to central London and Crossrail nearby, Charlton’s quality period properties are two thirds the price of those in next-door Greenwich and Blackheath.
Over the next 25 years up to 5,000 new homes, along with new shops and restaurants, schools, a riverbus pier and a “creative quarter”, are to be built on a 275-acre swathe of industrial land overlooking the Thames Barrier.
Throw in some excellent existing schools plus what many other regeneration zones lack — a strong established community and neighbourhood to knit into — and Charlton is now, officially, One To Watch. “Historically, I think Charlton has just been overshadowed and overpowered by Greenwich,” says Michael John, branch partner at Conran Estates. “Now it is starting to be noticed, and we have got all this underused land by the riverside so there is amazing potential here.”
Potential there may be, but this regeneration is only just off the starting blocks. Greenwich council has designated Charlton Riverside as an ideal location for a new mixed-use urban development,