Looking to move? Invest in an up-and-coming area? The City is not short of luxe living options, and Tower Hill property ticks a lot of boxes for a lot of people. So, with this in mind, we sat down with the Director of the Tower Bridge branch of Hunters, Vakas Akhtar, to see why the area deserves your attention.
Tell us a little bit about the Tower Hill area?
A prime location perfectly situated just east of the City of London, Tower Hill offers quick access in and out of central London. The sought-after location offers countless places to visit and explore, catering to workers as well as residents.
You’ll find a combination of old and new homes here, ranging from recently built modern apartments to detached Victorian houses. The area primarily attracts young professionals for easier commutes to work.
Any advice for someone looking to buy or rent Tower Hill property?
We would always advise when searching for a new area to live in, to visit the area to understand its demographics. Talk to your local agent as they will know the area inside out and answer any questions.
The Tower Hill area is ideal for people who enjoy the locality to the City and Canary Wharf but appreciate the need for space. It is ideal for investors, working professionals and small families.
What properties are on offer?
The properties on offer vary. You’ll find brand-new developments, ex-local authority and property conversions such as warehouses.
The typical sales price ranges from £500,000 upwards to £2million, rental prices are from £1,500 to £4,000 a month.
Who’s buying these properties?
The majority of buyers in this area are overseas investors and people relocating for work from within the UK or internationally.
A few investors purchase properties for their children who attend University College London, Royal Holloway University of London and King’s College London.
What are the transport links like?
Tower Hill’s central location offers various underground and overground transport links and is close to St. Katharine Docks, City Hall, The Shard, the London Eye, Liverpool Street, Bank and St. Paul’s.
Tower Hill underground station is on the Circle and District Lines and takes you straight to central London. Just a 20-minute Tube journey will take you to Oxford Street.
Aldgate and Aldgate East are also close and provide access to the Metropolitan and Hammersmith and City lines, all of which are in Zone 1.
You can also jump on the Docklands Light Rail (DLR) at the Tower Gateway station. This line takes you to Canary Wharf in six minutes and Bank in just two.
Top places to eat out in the area?
The local area offers affordable and high-end places to eat and drink. These include The Ivy Tower Bridge, Vapiano, Tavolino Bar & Kitchen – which has amazing views of Tower Bridge and the City – and Haz.
Borough Market is one of the largest and oldest food markets in London. If you are a fan of high-end street food, we would suggest checking it out.
The Artful Dodger is a traditional local pub, as is The Dickens Inn, which is located at St. Katharine Docks. Tower Hill is also home to well-established chains, such as Slug and Lettuce, JD Wetherspoon, Cote, Natural Kitchen and Coppa Club.
Best places to go shopping in the area?
Leadenhall Market is a great place to shop. It is home to several boutique retailers, restaurants, cafes, wine bars and even an award-winning pub.
Oxford Street is a short journey from Tower Hill with major stores including Selfridges, John Lewis, Zara and Primark.
Any new developments?
There are a lot of new developments, including Saffron Wharf, which is an 18-storey building comprising one-, two- and three-bedroom homes. It is set for completion in 2024.
One Tower Bridge is a prestigious development offering a five-star living experience by the banks of the River Thames. It offers fantastic views of iconic landmarks and is beautifully built.
Another non-residential development is Royal Mint Court opposite the Tower of London, which was purchased by The People’s Republic of China for £250million in 2018.
The new facility will provide an embassy headquarters and will be one of the largest embassies in the world. It will also contribute to the continued economic and environmental development of the area.
Main image: One Tower Bridge Courtyard. Photo courtesy of Hunters Tower Bridge