In this traditionally very local market, there is a range of development taking place which is opening up demand to a much wider audience. The highlight is Capco’s 77 acre Earls Court masterplan for 7,500 homes across four new urban villages and introducing a new high street, with the first completions expected at Lillie Square at the end of 2016.
There is a small cluster of riverside schemes under construction in east Fulham, benefitting from exceptional views up the river to Central London and accessibility to the City via the Thames River Bus. Straddling the two boroughs of Kensington and Chelsea, and Hammersmith and Fulham, lies the iconic Lots Road Power Station site, known as Chelsea Waterfront, with 441 private homes being developed by Hutchison Whampoa, alongside a new shopping mall which will attract high end shops due to open in 2019.
In addition, the final phases of St George’s Chelsea Creek site (440 private units) and Hadley’s Chelsea Island site with 86 private units. This will in due course be followed by the development of Imperial Gas Works by St William, which has the potential to deliver 1,900 new dwellings and around 150,000 sq ft of commercial use.
Along the river in south Fulham there is another wave of development waiting to happen, with sites controlled by Ptarmigan Land, Londonewcastle and Thames Water/Kennet Property benefitting from permission to deliver a further 844 private units, although none are currently under construction.
Parsons Green, which has seen little significant development in recent years, also has potential to deliver a further 71 new private units as TfL seek permission to develop their depot site.
Aside from the regeneration taking place at Earls Court and the larger schemes along the river front, there are also a number of smaller developments in Fulham which have huge appeal to local buyers, including 58 apartments on Fulham High Street by Meyer Homes, 24 apartments on New Kings Road by London Square, as well as smaller 5 or 6 unit conversions by Verve Properties such as Broughton Road and Sunlight Mews.
Of course, there will continue to be numerous small scale, high-end, niche developments progressed across Fulham delivering only a handful of homes at a time, but very much contributing to the character of the area.
