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News from Knight Frank Hong Kong

Berkeley Homes Reveals Plans for First Phase of Major Central London Development, Oval Village

04 March 2019

Berkeley Homes has revealed its plans for the first phase of Oval Village, a two-hectare site transforming the historic Gasworks adjacent to Oval cricket ground. When complete, Oval Village will feature 1,350 homes making it one of the most significant regeneration projects in London.

The homes will range in size from 413 sq ft to 1,092 sq ft with prices starting at £470,000 for a Manhattan apartment.

The Oval Village development benefits from an extremely convenient central London location – it is just a 10-minute walk from Vauxhall and Oval stations connecting to the Victoria Line, Northern Line and National rail. These stations are just 7 minutes to Oxford Circus, 9 minutes to Bank, 12 minutes to King’s Cross St.Pancras and 40 minutes to Heathrow Airport.

Set to transform Oval into a top commuter hotspot, Oval Village aims to transform the area into a cultural hub for residents and visitors, through the regeneration of the iconic Oval Gasholders,the provision of commercial spaces and opening up the village with communal spaces for all to enjoy. When built in 1847, the Oval Gasholders were the largest of their kind – a magnificent feat of Victorian engineering. Now, the historic site’s restoration and redevelopment marks a new phase in its history where old will blend with new to create a new London community fit for the 21st century. Within Oval Village will sit The Generator, presenting six floors of flexible office space, a ground-floor co-working hub, 100,000 sq. ft. of commercial space, a cafe and a community centre.

Simon Howard, Sales Director, Berkeley Homes elaborates on the plans for the development and how it will feel to live in this new neighbourhood: “Oval Village is an incredibly exciting regeneration project for Berkeley Homes and we’re delighted to reach another milestone in creating a new community in this iconic location. The development will combine impeccably finished homes with public recreation and working space to create a new kind of neighbourhood with community at its heart. It will offer a sense of village living with all the benefits of being in the centre of London. As well as an incredible place to live and spend time, the fantastic Zone 2 location means that in less than a 30 minute walk you can be in the heart of the City, walking along the banks of the Thames, enjoying the West End, or relaxing in one of the many tranquil local parks.”

Mei Han Wong, Head of International Residential Sales at Knight Frank Hong Kong, commented: “Oval has long been overlooked, even though it is well-placed for everything Central London has to offer. We feel that there is still a significant opportunity for capital growth. For years Oval has been hidden in plain sight, with Berkeley Homes’ Oval Village set to put the area firmly back on the map. 

“With so few regeneration sites of this scale left in central London, Oval Village will see the creation of an entirely new destination and neighbourhood. The project is uniquely placed in an area serviced by various underground stations, an established network of coffee shops, restaurants and bars, as well as being a short walk from the River Thames.

“Oval, with one of transport for London’s highest connectivity ratings, is set for a marked transformation in the years to come. However, the project’s surroundings are already well-established, unlike many other urban regeneration projects in London. This means that purchasers will be able to move in and enjoy all that the neighbourhood has to offer from day one.”  

Hong Kong Exhibition Details:

Date: 9 to 10 March (Saturday to Sunday)

Time: 11am to 7pm

Venue: Berkeley Offices, Suite 3001, 30/F Edinburgh Tower, The Landmark, 15 Connaught Road, Central

Prices and details correct at the time of distributing this press release. Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision.

1) Permit No: 18/02597/EIAFUL

2) Issued Authority: London Borough of Lambeth

3) Acquiring Interest: 999 years leasehold

4) Property Number: IRS0116

Our sales representatives for overseas property work exclusively in relation to properties outside Hong Kong and, unless expressly stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties.