Redrow pur­chases ‘prime lo­ca­tion’

Com­pany takes on site of new homes

Harefield Gazette - - NEWS -

OWN­ERS of a ‘prime lo­ca­tion’ site in Yiewsley, where hun­dreds of new homes are to be built, have sold the area to Bri­tish house­builder Redrow.

Hilling­don Coun­cil ap­proved plans for a to­tal of 308 homes on the for­mer home of Dairy Crest, Pad­croft Works and TiGi Ware­house in De­cem­ber 2015, but build­ing work has still not be­gan as pre­vi­ous own­ers Kite­wood Es­tates sold up.

House­builder and con­struc­tion com­pany Redrow an­nounced the re­cent ac­qui­si­tion, in April, of the 2.5 acre plot of land in Yiewsley, West Dray­ton, en­closed by Tav­i­s­tock Road and Bentinck Road, be­hind High Street.

Redrow says the site boasts a ‘prime lo­ca­tion’ in the town cen­tre, con­ve­niently located op­po­site West Dray­ton train sta­tion, be­side the canal and, as such, many of the new homes will also ben­e­fit from wa­ter­side views.

Plan­ning per­mis­sion for the site in­cludes 262 pri­vate res­i­den­tial units, plus an ad­di­tional 46 units of ‘ af­ford­able hous­ing’, a 175 square me­tre small busi­ness unit, car park­ing, and a cen­tral land­scaped pub­lic pi­azza.

Tina Ded­man, di­vi­sional sales di­rec­tor at Redrow, said: “Fol­low­ing sig­nif­i­cant in­vest­ment in the lo­cal­ity, with hun­dreds of new homes be­ing built, and new shops open­ing in the high street, West Dray­ton is now con­sid­ered to be one of the most de­sir­able prop­erty hot spots within the Lon­don Bor­ough of Hilling­don.

“With lo­cal agents ex­pect­ing a con­tin­ued in­crease in the cap­i­tal value of prop­er­ties sold off plan, we be­lieve that the high de­mand for new build prop­erty in the area will con­tinue.”

The Yiewsley and West Dray­ton Town Cen­tre Ac­tion Group pre­vi­ously wel­comed plans for the £40 mil­lion hous­ing de­vel­op­ment, but also raised con­cerns that schools, GP surg­eries and shops may strug­gle to cope with the in­flux of res­i­dents.

But the ‘ Cross­rail ef­fect’ has al­ready be­gun to im­pact de­mand for homes in West Dray­ton, as it en­joys road, rail and air links, with fast rail con­nec­tions to the heart of the city, Heathrow Air­port and ac­cess to both the M4 and M25.

With the ar­rival of Cross­rail in 2019, trav­el­ling times will be sig­nif­i­cantly re­duced – the West End will be just 23 min­utes away and Ca­nary Wharf only 37 min­utes by train.

Lo­cal prop­erty ex­pert Ni­cholas Jor­dan, di­rec­tor of Cameron Group, said: “Over the last 18 months we have seen a sig­nif­i­cant in­crease in de­mand for new build homes in the area.

“Fo r w a r d - t h i n k i n g in­vestors who re­served a new build prop­erty off plan 18 months ago, have al­ready en­joyed an in­crease of 20% in the cap­i­tal value of their new home. We an­tic­i­pate that new build prop­er­ties be­ing sold off plan will con­tinue to rise in value at a sim­i­lar rate as the com­ple­tion date for Cross­rail gets closer.”

n CHANGE OF OWNER: An artist’s im­pres­sion of the new de­vel­op­ment

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