The Featherstone - The Benefits of Purchasing a Home in Old Street
Old Street sits in a prime Central London location, in the heart of EC1. The area is conveniently located within the City’s square mile and is home to the Silicon Roundabout; the hub of the UK’s tech industry.
Offering short commutes, excellent transport links and some of London’s most historic streets on its doorstep, the area is a fantastic area in which to live.
In recent years, Old Street has reinvented itself as Central London’s most dynamic neighbourhood. Undoubtedly, it’s a hive of activity, home to vibrant cultural events, one-of-a-kind boutiques, atmospheric bars and delicious independent eateries.
In 2010, the government designated the Old Street area as a world-leading technology hub and set up a programme to create new jobs, diversify the economy and support growth in the Tech City area, as it became to be known.
Following this designation, Old Street’s Tech City has gone from strength-to-strength. It is now home to a long-list of innovative start-ups and proudly holds the title of the world’s third-largest start-up area, after San Francisco and New York.
Old Street is also set to benefit enormously from the introduction of the Elizabeth line (Crossrail) which is set to open at nearby Liverpool Street station in December 2019. The Elizabeth line will give speedy access across the Capital from East to West London, and into the Home Counties.
Old Street station also offers regular Northern Line Underground and National Rail services. Shoreditch High Street and Hoxton Overground Stations, as well as Liverpool Street, Moorgate and Barbican Underground Stations are also just a short walk away.
In terms of property prices, last year the average sold price in Old Street rose by 3.34% (source: Foxtons.com), versus a UK-wide growth of 1.7% across the country in the same period, according to the ONS – further demonstrating the demand and investment opportunity for this trendy East London neighbourhood.
Are you looking for a modern home in Old Street, EC1?
Our brand-new homes at The Featherstone are perfectly located in the heart of EC1. Featuring a collection of one, two and three-bedroom apartments and duplexes, The Featherstone is city living at its finest.
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