Invest in the new Canning Town

New development Vermillion is helping Canning Town become a thriving new area, says Naomi Mdudu

CHARLES DICKENS may not have spoken favourably about the area in the mid-nineteenth century, but Canning Town is undergoing considerable changes.

This month saw the launch of two new penthouse apartments in the luxury block, which span the top two floors of the modern development, offering the best in open-plan living. Priced from £695,000, both feature three large bedrooms and have already attracted a lot of attention.

“Penthouse living is so highly sought after in London,” says Pauline Sangster, residential sales and marketing manager of English Cities Fund, the developer behind Vermillion. “We have already received a lot of interest, which we believe is not only because of the breathtaking views, but also due to Vermillion’s proximity to Canary Wharf.”

The location has from excellent links to Central London and Stratford via the Jubilee line and to the City via the Docklands Light Railway. Road users have access to the A3 for access to the M25 and transport links are set to improve when the Crossrail extends to Custom House later this year, allowing access to Heathrow airport within 46 minutes.

The penthouses feature floor to ceiling windows, giving plenty light; the kitchens boast Zodiac Quartz worktops and Bosch appliances and the living room has a sweeping staircase as the main feature. The most sought after aspect of the properties, though, are the balconies, which offer remarkable views of London.

The building has benefits for the environmentally concerned homeowner too. It comes equipped with an eco-garden harvesting water shed from nearby roofs; a green heating system to ensure efficient energy consumption; and the option for residents to grow plants, fruits or vegetables in one of the designated allotments.

The development is also proving popular amongst homeowners keen to invest in the area at the start of the regeneration, before prices increase.

Canning Town is currently enjoying £3.7bn of funding and the regeneration program will see 100,000 new homes built, the creation of two new town centres and a revival of the old town is expected to help produce a thriving night scene and an array of independent shops.

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