Bow Creek Area Guide
Improved connectivity, significant regeneration investment, an increase in demand and the benefits of waterside living at every turn are raising Bow Creek’s profile among investors, buyers and renters.
Transforming into a new residential hotspot
“Just south of the Olympic Park, Bromley-by-Bow is becoming a regeneration hotspot as hundreds of millions of pounds pour in to transform old industrial sites into a residential area” (Homes & Property, May 2018).
Bow Creek sits at the centre of the east London regeneration story – connected to London’s financial centres old and new, invigorated by an influx of creative people and enhanced by sitting at the nexus of three of London’s most soothing waterways. It’s a vibrant place, with a storied history of makers, creators and pioneers. Spanning eras, the folks of Bow have made matches, porcelain, gin, arthouse films - and history, with Bow Road becoming the epicentre of the Suffragette women’s enfranchisement movement in the early 1900s.
These days the makers are in technology, creative industries and finance, attracted by convenient connectivity via DLR, tube, road and air transport links which will be supercharged when the area’s main tube station’s makeover is complete (new lifts have started the improvement, and then there’s a facelift forthcoming, thanks to Transport for London, who are investing in the area). It all adds up to a story of real opportunity for early buyers who’ll benefit from waterside living and rapidly improving infrastructure, both of which are strong indicators of future house price robustness as well as quality of life.
Surrounding regeneration zones
Tower Hamlet’s wider regeneration masterplan is going to change Bromley-by-Bow as it becomes a more and more prominent chapter in the story of East London’s regeneration. The borough is planning a “new district centre with a vibrant mix of uses, including flexible community space that provides new jobs for existing and future communities” (Towerhamlets.gov.uk). That all means improved investment and employment opportunities to match the emerging cultural and educational scene.
East Bank: a cultural and educational powerhouse
To the north, near the Queen Elizabeth Olympic Park, the Mayor of London and the UK government are investing in a new cultural and educational quarter that’s becoming known as the “East Bank”. The BBC, University College London, the V&A and Sadler’s Wells are all upping sticks and moving to the north of Bow Creek, bringing international attention, investment and cultural opportunity to the community.
Bow Creek’s connections to central London and beyond: Zone 2 location, Zone 1 journey times
Bow Creek is in easy reach of a multiplicity of handy transport connections, bringing central London, other parts of the Capital and indeed the world, via City Airport, closer:
- Zone 2 location, Zone 1 journey times – Bromley-by-Bow Tube station is on both the Hammersmith & City and District Lines. So, commuters and visitors can reach Stratford in five minutes, London City Airport in 19, and the City, Canary Wharf and Shoreditch in 10-15, making this an increasingly popular area to live.
- London City Airport, served by all of the major airlines and serving as a pivotal business travel hub, is less than 20 minutes away. It’s got a local reputation for being fast, efficient and therefore extremely pleasant to transit through vs some of the larger, more suburban London airports (as well as for pretty stunning views over London when you’re returning to LCY after a European jaunt). It’s clear, therefore why proximity to this particular airport is high on the location wishlist for executives and business travellers choosing homes.
- The upcoming Elizabeth line (previously known as Crossrail) is a new high-speed railway running east to west underneath central London that is set to improve the Capital’s transport connections and slash journey times. The nearest Crossrail station to Bow Creek is Canary Wharf, which is 16 minutes away and connects you to destinations throughout London more quickly than ever.
- Part of TfL’s masterplan for the area means improving access to Bromley-by-Bow Tube station and the A12, thereby decongesting some of the road routes in and out of London and making the green spaces of Essex and even the seaside a very realistic day trip option for the weekend.
Investing in property in Bow Creek
Demand from investors and young professionals choosing to rent homes in areas with great transport links and a culturally rich east London lifestyle is underpinning positive London market outlooks, which prevail despite the looming presence of Brexit. The move of major cultural and educational institutions like the BBC, Sadler’s Wells and University College London mean that interest in Bromley-by-Bow is here to stay, offsetting any reticence that macroeconomic uncertainty could be bringing to areas of London which have less diverse sources of demand.
According to Mount Anvil and DataLoft’s London Market Report, there is a “14% total forecast rental growth for the period 2018-2022” in the Capital.
More world-leading universities are joining Queen Mary and moving east
This area has always been in reach of high performing students, with Russell Group Queen Mary University of London based in Bow. The growing fame of this region has attracted other historic institutions opening new campuses to the region and further boosting confidence in Bromley-by Bow as a prospect for living and investing.
- UCL, also a Russell Group university, will open a new campus at the East Bank. Known as UCL East, it’ll be home to research labs examining the future of global cities.
- In a move that befits the makers heritage of the area, London College of Fashion will move its campus to the Queen Elizabeth Olympic Park. This £363m project is creating opportunities for 5,500 fashion students and over 500 members of staff.
Rising student populations boost the leisure economy, boost rental demand and, when part of a diverse demographic i.e. mingling with a mature pre-existing local economy, are regarded by investors as a strong indicator of long-term house price growth.
Waterside living in Bow Creek
Living in Bow Creek means having the wellbeing benefits of waterside living in every direction. The area is at the intersection of Bow Creek, the River Lea and the Limehouse Cut canal – triple the tranquillity.
Waterside access to Lea River Park
Lea River Park is the name given to six new parks in the area, which connect the Queen Elizabeth Olympic Park to the River Thames and the Royal Docks. These complete the 26-mile long Lee Valley Regional park, and they create a verdant strip that’s perfect for weekend exploring whether that’s gentle walking or joining the higher octane legions of cyclists and runners pacing out the waterside miles.
Lee Valley Regional Park
Covering a space equivalent to around 424 football fields, the Lee Valley Regional Park has been the UK’s largest urban park for over 100 years. Since the 2012 Olympics its bucolic credentials have been augmented by world-class sporting facilities. The Copper Box Arena, the London Aquatics Centre and the Lee Valley VeloPark, the site of medal-clinching heroics that summer, are now public facilities surrounded by playgrounds, gardens and cycling trails.
Bow Creek’s legacy of craft
Buyers interested in E3 are buying into more than regeneration, continuously improving connectivity and waterside views. They’re buying into an historic part of east London.
Bow Creek is a storied part of east London’s maker community. 3 Mills Studios, on Three Mills Island, is London’s largest film and television studio. Wes Anderson and Danny Boyle are its most famous alumni, part of a lengthy roll-call of prominent independent filmmakers who chose the inspiring setting of Three Mills to perfect their cinematic craft. Surrounded by water, 3 Mills Studios is next to the vast green spaces of Three Mills Green and Three Mills Island, as well as The House Mill, an 18th century tidal mill where guided tours still draw visitors. The E3 area’s design credentials are bolstered by proximity to the emerging East Bank, ahead of the arrival of the London College of Fashion’s new campus.
A new residential development in Bow Creek, E3
Three Waters by Mount Anvil and Peabody is a new residential development in Bow Creek, E3. Not only does Three Waters have access to excellent transport connections and all the growth, community and rental potential benefits offered by the surrounding regeneration area, it also offers the advantages of waterside living - minutes from the city, metres from the water.
Your Bow Creek area summary
Buyers are looking to invest in property in Bow Creek, E3, and here’s why:
- Waterside living at the convergence of three tranquil London waterways
- Handy connectivity to Canary Wharf on the DLR, the City and the best of London on the Tube - and the world via nearby City Airport
- A storied east London history of makers and changemakers – the east London Suffragettes and the striking workers of the Bryant and May match factory, as well as the ancient porcelain and gin businesses and the contemporary filmmakers of Three Mills Island
- Regeneration investment improving:
- leisure amenities (world class sporting facilities and spectating opportunities at the Queen Elizabeth Olympic Park)
- business prospects (creative businesses that have long, like 3 Mills Studios, been there and those being incubated as start ups as part of the Olympic Park legacy – side by side with retail behemoth Westfield in nearby Stratford)
- educational opportunities (UCL East and London College of Fashion joining Queen Mary University of London) increasing the professional rental populace and bringing leisure and nightlife development
- connectivity (with Bromley-by-Bow tube station being given a facelift)
- and therefore house price growth potential
- New-build apartments at Three Waters – minutes from the City, metres from the water.
Register your interest in Three Waters today, to be among the first to hear of new apartment releases.