DEXTERS LAUNCH NEW NWX RESIDENCES BUILD-TO-RENT SCHEME IN LONDON’S ‘NEW WEST END’
DEXTERS, London’s leading independent Chartered Surveyor and Estate Agent, has launched NWX Residences, a landmark build-to-rent scheme developed in partnership between Notting Hill Genesis and Oakfield which provides over 200 newly built apartments, set within the Oaklands Rise mixed-use development, part of London’s “New West End”, the North Acton-Park Royal Regeneration Zone.
The launch of the NWX Residences scheme underlines DEXTERS strength in London lettings and particularly in the build-to rent sector where they are the leading “one-stop-shop” for landlords. From marketing to launch to managing the fully occupied building, DEXTERS look after the whole process.
Designed by CZWG Ltd, the award-winning architectural practice of Piers Gough and Adam West, NWX Residences provides a selection of one and two bedroom apartments, all with balconies, in two new buildings, Ambrose House and Easton Court. The apartments come complete with impressive rooftop gardens providing spectacular views across London, stylish entrance foyers and high-speed passenger lifts to all floors.
The build-to-rent apartments at NWX Residences are available to let unfurnished or furnished, with tenants able to choose from BoConcept furniture package options in order to dress their apartments. Showcasing unique designs and colour palettes, tenants can choose from three different furniture packages, with optional upgrades available for additional accessories and statement furniture pieces.
The NWX Residences are located in North-West London in the NW10 postcode – hence the marketing name for the development. It forms part of the wider Oaklands Rise mixed-use development which comprises over 600 newly built apartments, including shared ownership. Alongside the residential is NWX Works, offering mixed use commercial, retail and proposed leisure space such as an on-site gymnasium/health club, café, nursery and dentist/GP surgery. NWX Works will also include state of the art open plan work space delivering a collaborative and vibrant business environment
Oaklands Rise is a part of the North Acton and Park Royal Regeneration Zone, also known as the Old Oak Common Regeneration Area of Willesden. Once complete it is set to provide over 45,000 new homes and commercial facilities, creating a “New West End” for London aimed at younger households who choose to either rent or have shared ownership properties.
DEXTERS highlight that the build-to-rent and shared ownership homes in the Old Oak Regeneration Zone appeal to London’s growing population of young Generation Z, people born between 1997-2005, who are currently aged between 16 to 24, and Millennials, people born between 1980-1994 who are now aged between 27 to 41. This next generation of Londoners, who include young professionals, singletons, young couples and key workers often prefer to rent rather than buy.
Available for immediate occupation, all the apartments at NWX Residences have a spacious living and dining area, opening onto an outside balcony, with an open plan or galley kitchen located off the main living area. In the larger apartments the principal bedroom suite has an en suite bathroom and there is also access to a main bathroom.
The apartments are finished to a high specification with features such as Wi-Fi for up to 150MB downloads, with upgrades available to 1GB high-speed downloads, bespoke design kitchens with integrated appliances, wood strip flooring to the kitchen and living room and carpeted bedrooms.
DEXTERS say that the build-to-rent sector is forecast to grow dramatically in London over the next few years. According to the British Property Federation the sector will grow by 30% per annum over the next few years and by 2025 the UK build-to-rent industry will have an estimated valuation of £75 billion. There are currently over 14,800 completed and tenanted build-to-rent properties in London, with almost 20,000 in the construction or planning pipeline, in a city with over 3.56 million dwellings in total, underlining the huge growth potential of the sector.
DEXTERS continues its ongoing expansion into the thriving build-to-rent sector in London, with the agency providing a “one-stop-shop” service for build-to-rent developers and Landlords. DEXTERS service includes lettings, launch marketing, digital promotion and leads from DEXTERS’ Corporate Lettings and International Relocation teams who handle daily enquiries from global blue-chip companies, institutions and embassies relocating employees in London.
Lee Liasi, Managing Director at DEXTERS says: “The launch of the new NWX Residences build-to-rent apartment scheme within Oaklands Rise is part of the ongoing creation of London’s “New West End” in the North Acton-Park Royal Regeneration Zone. Available to let unfurnished or furnished, the apartments are ideal for the next generation of Londoners – the so-called Generation Z and Millennials – who often prefer to rent rather than purchase and include young professionals, singletons, young couples and key workers.”
The NWX Residences scheme is located midway between Willesden Junction and North Acton Stations. From Willesden Junction there are great transport links into Central London and beyond via the Bakerloo Line and London Overground Services, whilst North Acton is on the Central Line and Overground.
The NWX Residences are available to let through DEXTERS at prices starting from £1,400 per month for a one bed, £1,650 per month for a two bed.