Royal Gateway, a new development by Barratt London rising in London’s North Acton district, is capturing the attention of investors from Southeast Asia. This project presents a high-risk, high-reward proposition, particularly for those seeking a potential pioneer investment in the UK property market. Before we explore the specifics of Royal Gateway, let’s delve into the exciting, yet uncertain, proposition it presents for Asian investors seeking a foothold in the UK property market. 

The Allure of the Regeneration Gamble

North Acton, a district in West London, is on the cusp of a major transformation. The Acton Regeneration Plan, with £26 billion earmarked for its future, is one of the largest of its kind in the UK. The scheme promises to revitalise the area with significant investments directed towards infrastructure, commercial spaces, and residential developments. 

According to a research by JLL, prices within the W3 postcode (encompassing Acton) have already jumped 117-percent to an average of £675,000 since work began on the Elizabeth Line (formerly Crossrail) in 2009. This outperforms both the rest of Ealing and the London average at 98-percent and 104-percent respectively in the same period.  Barratt London also boasts a successful track record with their “Western Circus” development, which acted as a springboard for Acton’s initial transformation, fueling optimism for Royal Gateway’s potential. 

Current plans include a vibrant new high street, two major campuses for Imperial College, and improved transport links via the Elizabeth Line and HS2. This enhanced connectivity could indeed make Acton a highly attractive place to live and work in down the line.

Data as per Barratt London

The allure lies in the potential for significant capital appreciation and high rental yields if the regen project flourishes. Early investors who buy into the project at the outset stand to benefit from significant capital appreciation if property values surge alongside the area’s transformation. Furthermore, with a vision of becoming a thriving hub, the growing influx of residents and students could also offer attractive rental yields.

Beyond the Headlines: A Reality Check

While the depiction of such plans often paint a promising picture that highlights the potential windfalls, it’s important to note that regeneration projects are marathons, not sprints. This pioneering spirit may come with a hefty dose of risk as Barratt London’s developments could potentially hinge on the overall success of the surrounding area’s regeneration, which is still unfolding as of now. 

Regeneration along the Royal Docks in East London.
Image Source: https://www.newham.gov.uk/

A closer look at other regeneration projects like the Royal Docks in east London offers some insights that may provide for a balanced perspective. The Newham.gov.uk press release outlined a grand vision for Royal Docks, aiming for 36,000 new homes and 55,000 new jobs to materialise. However, according to a report by Building.co.uk, there remains an ongoing search for a development partner to kickstart work to redevelop specific sites within the project. 

The takeaway is that while ambitious goals are crucial, successfully attracting residents and business takes time and careful planning. Similar challenges might exist in attracting tenants to the Acton area if the surrounding area doesn’t develop as quickly as anticipated.  

Royal Gateway: A Closer Look at the Development Itself

Having explored the wider context of North Acton’s regeneration plan, let’s zone in on the practical aspects, specifications and lifestyle that Royal Gateway offers. 

Royal Gateway isn’t just about apartments; it’s about fostering a connected community. Rising from a four-acre brownfield site set across six red and buff brick buildings reaching up to 16-storey high, the development will offer a collection of modern apartments, catering to diverse needs with a range of studio, one, two, and three-bedroom options. This includes private apartments, affordable rent options, and shared ownership opportunities. 10 exclusive penthouses are set to be launched at a later date. 

Inside, each residence features open-plan interiors that maximise natural light and create a sense of spaciousness. Large windows and balconies or terraces further blur the lines between indoors and outdoors, promoting breathability and fostering a connection with the sea of verdure all-round. With Barratt London’s careful attention to detail and finishes on the inside, the layouts offer versatile living space with room for a home-working area to suit hybrid workers.

In an interview with Craig Carson, Managing Director of Barratt London, he mentions that cultural considerations have also been taken into account to cater to Asian preferences. The design somewhat incorporates principles of Feng Shui, translating to design features such as spacious entryways, clutter-free layouts starring open-floor plans, and ample white space for storage racks accommodating to the “shoe-off” custom at home. In short, these elements aim to promote harmonious living spaces. 

Landscaped gardens throughout the plan create a tranquil environment, while a range of amenities elevates the living experience. Residents will enjoy access to private roof terraces boasting stunning city views, concierge services, a gym, residents’ lounge, and dedicated play areas for children. While some amenities might be standard in central London, the inclusion of these more modern and contemporary amenities is indicative of the ongoing regeneration of Acton and its emergence as a vibrant and well-equipped neighbourhood. 

Furthermore, Royal Gateway is a development that prioritises sustainability whilst offering excellent connectivity. This car-free development has been designed to minimise its environmental impact, promoting a greener lifestyle.  Residents can enjoy excellent public transportation options, reducing reliance on cars. Additionally, the development utilises a communal site-wide high-temperature Air Source Heat Pump system, promoting energy efficiency.  With over 500 secure ground-floor bike parking spaces, Royal Gateway actively encourages cycling as a healthy and environmentally friendly mode of transportation.

This agenda is supported by the exceptional public transportation network present in North Acton. The development sits just a five-minute walk from North Acton station on the Central Line, whisking you to Oxford Circus in 19 minutes and Liverpool Street in 30.  Acton Main Line station, a 10-minute walk away, boasts the Elizabeth Line, connecting you to Bond Street in 13 minutes, Canary Wharf in 27 minutes, and Heathrow in a mere 20 minutes.  The future holds even more promise – once HS2 becomes operational, nearby Old Oak Common will become the UK’s largest and best-connected railway station, offering high-speed rail links to major cities across the country.

Prices for Royal Gateway apartments start from £450,000 (S$763,000/MYR2,677,000) for a one-bedroom apartment and £600,000 (S$1,020,000/MYR3,579,000) for a two-bedroom apartment.