Lombard Square – An exciting opportunity in Plumstead’s regeneration story

Plumstead in Southeast London is undergoing massive regeneration as the Royal Borough of Greenwich undertakes the area’s makeover into a modern residential hotspot on a priority basis. While the local council invests millions of pounds to spearhead the upgrade of public infrastructure, leading developers like Berkeley focus on providing high-quality homes to residents and investors keen to make the most of Plumstead’s makeover.

Located within over 17 acres of former industrial and military land, Lombard Square is a brand-new development where investors can grab the opportunity to own property in one of London’s most lucrative regeneration sites. From enchanting parkland views to quick commute options, affordable property prices and attractive rental yields owing to increasing demand, we’ll cover all the reasons you should have Lombard Square in Plumstead on your property radar.

Regeneration and price growth

According to the Land Registry data published by the UK Government, average property sale prices in Plumstead were up by almost 8% last year alone. This consistent growth in property values reflects the ongoing efforts to transform the neglected munition sites of Woolwich into a thriving district where people live, work and invest. A multi-pronged approach to Plumstead’s regeneration story includes improvements to transport and public infrastructure comprising amended highway layouts, new pedestrian and cycle routes, housing zones, and High Street retail, sports and leisure centres.

Lombard Square is at the heart of Plumstead’s renewal into a residential haven. Developed on the site of Arsenal Football Club’s erstwhile home turf of the 19th century and Ford Motor Company’s 20th-century factory, this Berkeley development will now serve as the postcode for over 1,900 elegant residences.

Quick connectivity across London and beyond

Although Plumstead is a Zone 4 neighbourhood, living at Lombard Square will facilitate a quick commute to central London, as the development is only a four-minute walk away from Plumstead Station with direct access to the Southeastern and Thameslink services. Additionally, residents can avail of services on the DLR and Elizabeth Line from Woolwich Station at Royal Arsenal Riverside, which is just a short walk away.

While London Bridge is less than half an hour away, working professionals can make it to Canary Wharf in under 10 minutes via the Crossrail. For those travelling beyond the city, London City Airport is within three miles of the development and just 20 minutes away.

Exceptional amenities and embraced by nature

The central feature of Lombard Square is the 1.8-acre Garden Square equivalent to two Wembley Stadiums. In addition to stunning park views, spacious balconies and chic interiors, residents get access to abundant on-site amenities, including a private gym, concierge service, bike storage and the general right to park. The adjacent commercial spaces and a planned on-site supermarket and cafe are further additions that will enhance the living experience of residents.

Lombard Square is also well-suited for families with children as there are plenty of Ofsted-rated ‘Outstanding’ schools nearby. These include Heronsgate, Foxfield and Bannockburn primary schools, among many others. Additionally, prestigious London universities such as the London School of Economics and Imperial College London are also quickly accessible via public transport.

Homes starting at £370,000 with up to 6% yield

With property prices in Plumstead outpacing the London market average and exponential growth on the horizon, investing in this opportunity area now can yield profitable returns. Lombard Square brings a collection of stylish one, two and three-bedroom apartments surrounded by nature, starting at an attractive price-point of £370,000. With over 60% of the units sold out in its first release, Opal House is the latest release, where all homes have stunning garden views and access to upscale on-site amenities. The high rental demand in Plumstead, combined with the excellent resident facilities of Lombard Square, gives landlords a chance to earn a yield of up to 6%.

Exclusive Singapore launch of Lombard Square

There’s good news for investors from Singapore, as Berkeley will launch their latest release at Lombard Square over the fourth weekend of March. Interested buyers can join in on the 23rd and 24th of March at the Berkeley Singapore Office located at the Marina Bay Financial Centre Tower 2. To register for this event, click here or get in touch with our team for more information.