Perhaps one of the biggest appeals of Ealing for property investors is that it offers better value for money compared to surrounding areas such as Chiswick and Hammersmith. And with huge investment being undertaking in redeveloping the area, it is unlikely to be long before it catches up with its smarter neighbours, with investors potentially benefiting from a good capital return as well as income growth.
The big redevelopment of the area centres on the introduction of Crossrail, which opens in 2019. The new line will link the east of London to the west, bringing better links to central stations such as Paddington and Liverpool Street along the way. It means getting into the centre of town could take as little as 11 minutes.
It will undoubtedly bring rewards for investors, who are already currently enjoying typical rents of £1,278 a month on average, producing a yield of 3.63 per cent, according to Rentify’s London Property Insights. And it typically takes just three weeks to rent out a property.
Ealing Town Centre
The town centre is based around The Broadway and has plenty of high street chains – both restaurants or shops. It is a one-stop shop for residents and is also home to a library and popular gym. Local shops can be found on The Avenue in West Ealing and Northfield Avenue.
The area has a variety of architecture, with small Victorian cottages to large double-fronted homes north of Haven Green. There are also mock tudor properties balanced against modern apartment blocks, with new developments including 700 new homes at Dickens Yard on a former car park on The Broadway.
Many people move to the area through work as the commute is so good into central London, before upgrading to a larger home as they begin a family. The ultimate aim must surely be to own a spacious million pound home in the area of Mount Park.
Ealing is a popular area for families combining good transport links, schools and an impressive number of open spaces. Local parks include Walpole Park in the town centre, where regular summer festivals are held. The park is also home to the London Wildcare centre, which is an animal sanctuary and educational venue.
Other large parks that ideal for long weekend walks include Gunnersbury Park and Osterley Park. The former hosts a variety of summer sporting tournaments as well as concerts. There’s also Lammas Park with its enchanting gardens.
In the north of Ealing is Pitshanger Park, which borders the River Brent and Ealing Golf Club. With so many family-friendly areas, it is not hard to see why families in the area tend to stick around – often for several generations.
“Station Roundel – Ealing Broadway” by Hawkeye2011