The Sunday Times chooses Aldgate Place as one to watch in Aldgate.
The Sunday Times’ property correspondent Emily Wright explores the latest development of residential homes in the City of London. Known as the “bastion of British tradition, but with a modern twist”, this historical area is starting to buzz thanks to the latest bars, restaurants and homes for Londoners, including Barratt London’s Aldgate Place development.
Aldgate Place is located in the heart of Aldgate and right on the boundary to the City, offering residents the opportunity to be close to the city with a home like feel. According to Wright, the “residential story is entirely different” in Aldgate and “3,350 new homes are due to be built over the next two or three years”. Stephen Porter, Head of New Homes at Stirling Ackroyd estate agency adds: “This amount of building highlights the high level of confidence and investment being piled into the area, with an improvement in local infrastructure and the quality of housing stock”. The area of Aldgate is located in the western border of the Tower Hamlets, which had “the largest number of separate residential developments under construction in 2014”, says Porter. With a total of 2,203 individual residential units built, Aldgate has “the second largest number of new units in Greater London”.
Aldgate Place is a “big development in the area” says Wright, and will offer 463 homes in three towers, up to 25-storeys tall. The development will also include “gardens, shops, restaurants and a four-star hotel”. The excellent transport links at Aldgate Place make access to London Bridge, Canary Wharf and central London a breeze, and just north of the development are the creative hubs of Shoreditch and Hoxton.
Aldgate Place is made up of one-bedroom suites, one, two, three and four-bedroom apartments and penthouses. Prices range from £725,000 to £1,055,500, and residents can move in from spring 2016.
With the worlds of high finance, artistic innovation and city life, residents at Aldgate Place are well positioned for the working week and fun-filled weekends.