Former Richmond Police Station Transformed to Residential Development

HONG KONG - Nov. 29, 2015 - PRLog -- This private residential development is located north-west of the historic county of Surrey. The building is situated in Richmond town centre, within walking distance of the well-established cafes, restaurants, boutiques and designer stores. Richmond is also well served by its own tube and train station, offering direct access into central London, and has excellent surrounding road networks.

The price range is from £640,000 to £1.22m with options for 1 or 2 bedroom apartments.

It was acquired by Snowfinch LLP, a development joint venture vehicle between the Sunley Group and Beaubridge, is currently undergoing conversion as detailed within a planning consent granted in the Summer of 2014.

See full detail of the development here: http://www.gihlondon.com/property/8-red-lion-street-richmond

Why invest in Richmond?

Price per square foot: £800 to £1,300

Price growth in 2014: 5%

The flow of investments in south-west London started pouring in since the financial crisis in prime central London between March 2009 and the end of 2012. Many local and foreign investors sought safety in Richmond because of its solid reputation as a safe haven for investments and the choice of more affluent residents. After the financial crisis, the UK economic recovery reinforced the state of the property market increasing activity among buyers.

Knight Frank analysis indicated an increase of 8% in property price between 2013 and 2014 leading the borough’s value to over £1 million, the highest percentage in England and Wales alongside Kensington & Chelsea. The next two highest boroughs were Westminster and Hammersmith & Fulham (6%).

Richmond’s 2,500-acre park and picturesque river views are the principal reasons buyers are attracted to the affluent town eight miles from the centre of London. Furthermore, the strong reputation of Richmond’s schools is pivotal for many and primary schools in the borough of Richmond had the highest average score in London for academic achievement during the 2012/13 academic year.

The London Waterloo is only 19 minutes away with underground and tram links providing easy commute to the capital.