Camden house prices on the rise as new development announced

Camden Town: home to Bang Bang chicken, legendary music clubs and bars frequented by famous artists including the late Amy Winehouse and one of London’s most popular tourist destinations. 

With such an offering, it’s no wonder the area has become a property hotspot, with new projects cropping up every month. The latest in luxury development is the announcement for Marine Ices apartments by Bellis Homes.

The residential building, located on Haverstock Hill, is currently under construction. Formerly home to an ice cream parlour, Marine Ices will present 19 flats with one to three bedrooms. Residents will be spoilt for choice, with retail stores and a supermarket on the ground floor, as well as all the famous Camden Lock and Camden Market just around the corner. The completion date is currently set for 2018 with prices ranging between £650,000 – £1.5m. 

“We know these apartments will be in great demand due to their prime location and high specification and we have already had interest in the units off-plan,” said Henry Fordham, Director of Bellis Homes. Fordham adds: “London is and will remain one of the top global cities in which to live and we are proud to be able to deliver new homes of this standard to the capital.”

The announcement follows a report by Barclays, that forecasts average house prices in Camden to rise by 33.9% by 2021, second only to Richmond. Interestingly, the projection is supported by Zoopla data, which reports a 43.07% growth in house prices in Camden over the past 5 years and 3.33% over the last 6 months alone.

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