Property for Sale in Woolwich

Woolwich has a superb history of being both a military and industrial town and home to the Royal Arsenal. The Royal Arsenal was a significant military hub throughout the nineteenth century, and was the largest munitions manufacturer in the whole of the UK. The Royal Arsenal was very important to the British Military, not only being one of their most significant manufacturers, but also for the research it conducted into explosives.

Fast forward to the twenty first century and Woolwich has seen a rapid rate of development. Woolwich has recently had vast amounts of investment, largely due to the 2012 Olympic Games, which saw the Government focus on developing and rejuvenating the areas around the main Olympic site in East London, making property investment in Woolwich a very attractive prospect for potential investors. The Woolwich regeneration has seen many new developments, including the development of Canary Wharf as a new commercial hub, the opening of the London City Airport, the creation of the Olympic Park for the 2012 Olympic Games and also the regeneration of the Docklands. The Woolwich area is developing at a faster rate than anywhere else in London and that is a big reason as to why properties for sale in Woolwich are so popular.

In Woolwich, approximately 70% of the residents that are of legal working age are in full time employment, and around 18% are graduates or have a professional qualification. Many young people that work in and around the centre of London are being attracted by the Woolwich area and are seeking to buy property for sale in Woolwich.

The Woolwich area has great transport facilities and is an important river crossing, with the Woolwich Ferry that transports vehicles and cargo across the river, and also the refurbished pedestrian Thames tunnel that allows people to walk from one side of the river to the other. Transport facilities within the local area include the Mainline Rail and Docklands Light Railway, an extensive bus service and the Thames Clipper river bus that has a 30 minute journey time to Canary Wharf. In 2018, there will also be the introduction of a Crossrail station that will reduce the journey time to Canary Wharf to just a few minutes.