Ilford still offers excellent value for property investors, with average prices in the town 34.1% lower than the London average. Crossrail is set to bring even more residents to Ilford, with the town’s population forecast to rise a further 22.5% by 2028. With all these new residents, even the wide-ranging regeneration programme that’s already transforming the town will not be enough to meet expected housing demand, resulting in forecasts of price growth reaching 40.7% by 2020.
If you’d like to know more about Horizon, Ilford, the Crossrail effect or our end-to-end investment process, please feel free to get in touch.
Ilford investment case
The forthcoming arrival of Crossrail in Ilford is the main driving force behind the town’s transformation. With full services expected to begin in 2018, Crossrail will increase Ilford’s connectivity with key parts of London, with journeys to the City, the Docklands, the West End and Heathrow Airport significantly improved by faster travel times and more frequent services.
Crossrail has been a huge catalyst for regeneration work in central Ilford, with millions of pounds worth of development already underway that will deliver residential and commercial space while also transforming public space in the heart of the town.
Already a notably diverse part of London, Ilford is becoming even more cosmopolitan as more people are attracted to living in the town by the prospect of Crossrail’s arrival and the regeneration that’s coming along with it. The local population is expected to rise to 355,000 residents by 2028, which would represent growth of 46.7% since 2001.
This population increase will create housing demand that will not be met, even given the new development projects underway. As such house prices are rising and will continue to do so for the foreseeable future – prices in Ilford have grown 33.1% over the past five years, and are forecast to rise a further 40.7% by 2020.
High-spec modern studios and 1/2-bed apartments
Excellent connections into central London – Liverpool Street in just 17 minutes
Part of a wider programme that will revitalise the local commercial and public realm
Striking design inspired by Ilford’s photography and telecommunications-industry heritage
From respected developer Cathedral Group, who also delivered successful IP Global investments RISE at the Deptford Project and St Mark’s Square
Heart of Ilford town centre in the Borough of Redbridge, London
Less than a five-minute walk from the future station, Horizon is a landmark new residential tower close to sought-after Carlton House – one of the first projects we offered in outer London’s burgeoning property market back in 2014.