Why Enfield has the edge
It is a story seen in cities across the globe as home buyers priced out of central locations look further afield. The pattern has been repeated in London, and in recent years people have increasingly been moving to outer boroughs. Not only do they find more space for their money they discover other bonuses too. Enfield for example is home to the second largest expanse of parks and open spaces in London, with a third of the borough designated as greenbelt land, while the borough can also boast 20+ primary schools with an Ofsted ‘Outstanding’ rating.
However Enfield is also laying the foundations for an even more prestigious role in the 21st Century capital. It is a vision that is far-reaching both in scope and time-frame, involving the Borough of Enfield, specialised bodies like Invest in Enfield, and those with a London-wide remit.
The result is projects like Elements from Countryside Properties, a developer with a reputation for placemaking and urban regeneration. This £310+m project will offer a statement development of 1, 2 and 3-bedroom apartments, and 3 and 4-bedroom houses, adjacent to Ponders End station and close to Enfield Town Centre - and will be the basis for an exciting, brand new community. This will include 14,000+ sq m of public open space (including a new park), a new Station Square with landscaped seating, 3,800+ sq m of public play space and an on-site residents’ gym.
Close by, the £40million Electric Quarter redevelopment, part of Transport for London’s Major Schemes Programme, which is re-energising Ponders End High Street from its shops to the public realm, part of broader North East Enfield regeneration projects with an input from the Mayor of London’s Outer London Fund and already delivering improvements along the A1010 corridor from Ponders End to Enfield Wash.
These initiatives recognise the fact that vibrant local neighbourhoods are vital to the quality of life of its residents and to the viability of their businesses whether that is retail, service industry, or restaurant and café trade. But as well as bringing improved shopping, leisure, sports, and community facilities Enfield has an even bigger card to play, one that takes advantage of its strategic position within the London-Stansted-Cambridge Corridor that cuts a swathe north from the capital through to the science parks in Cambridgeshire that are home the UK’s most high-growth businesses.
Enfield’s Meridian Water regeneration project is leveraging the borough’s location with a £6bn project will deliver open spaces and amenities but also, crucially, the business environment that will attract high value, low-carbon business across IT and life sciences, digital and media, hi-tech, engineering and logistics sectors. A place where large companies and international headquarters sit alongside state-of-the-art space and support networks for start-ups and micro-businesses, which in turn will develop into small and medium sized enterprises.
It is a 20-year programme that will create thousands of high-quality, highly skilled jobs. But unlocking growth potential requires another factor in the equation - first-class transport connections. The borough starts from a solid base - impressive road links via the A10, M25 and A406 North Circular as well as rail and London Overground routes, and the Piccadilly Line with 24-hour weekend Night Tube service for direct travel to King’s Cross St Pancras, the West End, and Heathrow. There are direct rail links into Stratford, Moorgate, and London Liverpool Street and improvements to the West Anglia route are already happening. However it is the strategic new transport routes that support and produce the transformational change required for the long-term where Enfield is right on track.
The new Meridian Water station will directly serve the regeneration area, as significant investment in infrastructure by Network Rail delivers the Stratford Tottenham Angel Road - STAR - project and 5.5km of new track between Stratford and Meridian Water, part of the £170m Lee Valley Rail Programme. Trains will run from the new station from 2019, and the significance cannot be underestimated. Access from Meridian Water to Liverpool Street will take just 15 minutes, and the business hub will connect directly with both the City and the City of Cambridge. The new infrastructure will also support delivery of Crossrail 2, but even more, it ensures that Enfield cannot be regarded not as a place on the periphery, but as a London location in every aspect.
When the Savills research department undertook research mapping value uplift, the two drivers of value in the capital were improvement in quality of place and reduced travel time to key locations. New transport infrastructure and regenerative development can unlock value and deliver sustainable value uplift. Buyers are already taking note. Land Registry data for the year to December 2017, show price rises in the borough, while ‘London living 2017’, a borough by borough review by the Centre for Business Research showed that Enfield has seen the sixth highest house price growth over the past five years, with a five-year forecast of 23%. And that isn’t the end of the story. As Invest in Enfield note, Enfield is a rarity in London in that it has significant scope, including the land, for development that can accommodate and drive further growth.
Points to Ponder
Enfield means business.
Did you know, Enfield forms part of the second largest employment corridor in the capital, home to well over 12,000 businesses?
In the 1900s Ponders End was a major market gardening centre, particularly for tomatoes and cucumbers.
Three of the capital’s major airports are in accessible reach of Ponders End, with Heathrow and London Luton under an hour’s drive, and London Stansted a mere 36 minutes’ away.
Squaring the circle.
When Southbury station opened in 1891 it was called Churchbury. Closed for many years, today it is part of the capital’s game-changing ‘joined-up’ Overground rail route.
Millions have warmed themselves on Charles Belling’s revolutionary electric bar fire and cooked on a Baby Belling made in Enfield. Belling also created the first glass door ovens.
Working in tandem.
London Borough of Enfield forges productive partnerships, and with Transport for London it is delivering the £42m Cycle Enfield programme to create a network of cycle-friendly lanes.
I’ll drink to that.
Run and managed by local people, Forty Hall Vineyard in Enfield is the first commercial scale vineyard in London since the middle ages and produces and sells quality English still and sparkling wines.