3. Access to Good Amenities
To meet the increasing demands in lifestyle options, quality amenities such as access to gyms, retail and lifestyle options are becoming more of a necessity, rather than a premium vantage. Survey results point that tenants value good amenities when choosing a location to live, and King’s Cross is abundant in this demand. In fact, the neighbourhood offers a variety of choices for health and wellness options. Many sport activities offered at King’s Cross Estates are complimentary, which adds value to the quality of lifestyle of tenants living within these estates.
Exercise at Pancras Sports Leisure and at Handy Side Sports Pitch
Reformer class at Moss Pilates Studio and yoga at FRAME
4. Good Local Shops
Equal to the percentage of tenants who prize living close to good amenities, 45% of tenants also value living close to good local shops. King’s Cross is now home to Coal Drops Yard which houses more than 500, 000 square feet of retail with 160 planned shops. The site is now a destination in itself with many high quality restaurants, bars, a cinema and the largest Waitrose in Central London, adding vibrancy and convenience to renting at King’s Cross, one of the trendiest locations in London.
Eclectic Stores: Tom Dixon, BA&SH & 18 Montrose
Mexican Food from Casta Pastor and pictures of Morty & Bob and The Drop
5. Affordable Rent
Affordability would always be a topic of discussion for tenants, and this wouldn’t be any different for the people living in London. According to Knight Frank’s research report, King’s Cross is predicted to have a slower growth in terms of rent as compared to Greater London – just a mild 5% difference, but it places King’s Cross as a much more attractive option to rent as compared to other locations in London.
Price forecasts are for existing homes. Property values in the new-build market may perform differently.
*Based on Knight Frank indices and boundaries, existing homes only.
King’s Cross Research Document by Knight Frank
In retrospect, King’s Cross is an ideal location for investors to consider when purchasing an investment property. It ticks all the main checkboxes; being the best connected location with extensive transportation links, close proximity to global firms and top universities, convenient access to good amenities with a vibrant retail and dining scene, and more affordable rental rates relative to other parts of London.
If you would like to find out details of highly rentable properties in King’s Cross to aid in your investment portfolio, talk to us. Simply fill up the form below and one of our trusted Knight Frank advisors will contact you to tend to your queries.