SW8 Nine Elms & Vauxhall — Property Development

SW8 covers Nine Elms & Vauxhall in London (Greater London). Nine Elms regeneration — embassy quarter and tall-building zone.

Local market snapshot

• Average property value: £695,000
• Indicative gross rental yield: 4.2%
• Council planning regime: Gateway 3

Local authority: London Borough of Lambeth — Gateway 3, Article 4 active, average build cost £2950/sqm.

Hot strategies in SW8

• Build-to-Rent (BTR) Schemes — Institutional residential rental developments
• Airspace & Rooftop Development — Adding floors above existing buildings
• Commercial to Residential (Class MA) — Permitted development and Class MA prior approval rules

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