The Halo at Oval Village – An award-winning, unique transformation

Oval Village is an 11-acre masterplan regeneration development situated within the London Borough of Lambeth, bordering Kennington, Vauxhall, Oval, Nine Elms, and Lambeth. Oval is famous for the iconic Kia Oval Cricket Ground, a diverse and vibrant neighbourhood within inner city London, and a popular hub for cricket enthusiasts. Located right next to the cricket ground is The Halo, a Grade II heritage-listed structure that was once the largest gasholder in London. It will be transformed into an iconic new apartment building within the Oval Village development.

Zone 1 location & connections

At The Halo, getting around is a breeze when you have access to 3 tube stations between a 7 – 10 minute walk. Catch the Victoria line or the National Rail from Vauxhall, or get on the Northern line from Kennington or Oval station.

7 minutes walk to Vauxhall station, from here via the Victoria line:

• 4 minutes to Victoria – Access to Buckingham Palace / Westminster Cathedral
• 8 minutes to Oxford Circus – Access to Oxford Street
• 9 minutes to Warren Street – Access to UCL/UOL
• 12 minutes to Euston – Future HS2 station
• 14 minutes to King’s Cross – Tech & Transport hub, access to Google & Meta HQ, Eurostar service

10 minutes walk to Kennington station, from here via the Northern line:

• 2 minutes to Elephant & Castle station – access to Uni. of South Bank & Uni. of ARTS London
• 4 minutes to Waterloo station – Access to King’s College Waterloo campus
• 6 minutes to Charing Cross station – Access to King’s College Strand campus, Covent Garden & Trafalgar Square
• 7 minutes to London Bridge, Bank & Tottenham Court Road stations – Access to King’s College Guys campus, City of London, cultural & shopping districts
• 13 minutes to Angel station – Access to City, Uni. of London

Surrounded by London’s landmarks, green spaces, high street shops, and recreation

The development is a short 10-minute walk to the River Thames and 15 minutes walk to Westminster. You’re also within walking distance to some of London’s most iconic landmarks, including Westminster Abbey, London Eye, South Bank, and Battersea Power Station.

The development is also perfectly positioned near to more than 1,165 shops, 325 restaurants, and cafes where you can indulge in both local and international cuisines, as well as local markets (including Asian grocery) and food halls, such as Market Place Food Hall, Metropolis Food Hall, Borough Market, Mercato Metropolitano & many more.

The Halo is within 15 minutes walk to 64 acres of green spaces, such as Kennington Park with sporting facilities, Vauxhall Park & Vauxhall Pleasure Gardens. Oval Village will also be adding new space improvements to the local community with 15,800 sqm of mixed-use commercial and retail spaces, 10,900 sqm of new office space, as well as introducing new pedestrian and cycle routes.

A landmark building

The Halo offers brand new 199 units of 1 – 3 bedroom homes, including 18 penthouses with large terraces overlooking the Kia Oval Cricket Ground. The development is a 12 storey Grade-II heritage listed structure with well-designed square apartment floor plans. Offering investors & owner occupiers a unique opportunity incomparable to other developments in Central London.

The interior of the apartments features a Scandinavian-inspired design approach and color palette of cool, neutral tones that create a feeling of spaciousness and openness. The space plan of all apartments is well-designed and square with no wasted space, equipped with modern fittings and inclusions such as comfort cooling, underfloor heating, and premium European appliances as standard specifications.

The Halo is complete with residential facilities for private enjoyment and convenience, with The 1847 Club providing a range of top-tier amenities such as 24-hour concierge, residence lounge and working space, gym, private cinema,18-metre pool, hydro pool, steam and sauna rooms.

Why tenant demand soared and new residents are moving into the development

Spearheaded by the council, various regeneration plans have been transforming the Oval-Kennington neighbourhood to make it appealing for new residents. Since Kennington Station was re-zoned to Zone 1 in 2021, its Central London location has been boosted and rents have grown by 47%, including a 34% increase in the past two years².

Tenants who are attracted to live and rent in the Oval Village development are mainly professionals who are working in tech, finance, corporate, creative industries, and also International students. One key reason why professionals are choosing to live closer to Central London is the post-pandemic shift back to office-based work. As more companies return to in-person operations, people want to find homes closer to the city. Research from tenants shows that a majority of 68% say a shorter commute to work is an important requirement in a property³, and 72% prefer being close to amenities1 such as shops and public spaces, an important factor to consider when they choose to live or rent.

Tenants like to rent in Oval Village development as homes are about 27% larger4 than neighbouring prime property. Being in a new development also offers better energy savings quality, and with well-planned development facilities that would appeal to professional tenants’ lifestyle. With a wellness centre such as a gym, pool & sauna, tenants have access to use these facilities and are willing to pay a higher rental to be in a development that offers these facilities, as they could save on gym memberships and also enjoy better security. A 24-hour concierge that helps residents with key holding service, as well as safely receiving online shopping deliveries.

Attractive price & rental yield

The Halo is sporting attractive prices, with entry prices for a small 1-bed starting from £580,000 and the 2 beds from £900,000. As for rental rates, Benham & Reeves have been renting in the Oval Village development since its first completion in 2021, and have seen strong rental demand with yields for The Halo estimated to be between 4% to 6%, based on the approximate median rent of each unit type and asking prices.

As the property is currently being sold off-plan, this allows for early purchasers to make staged deposit payments and plan their financing for completion in the next 3 years, estimated to be completed by Q2 – Q3 2028.

Exclusive launch of The Halo in Kuala Lumpur

Benham and Reeves Malaysia would like you to join us at the first exclusive release of The Halo in Kuala Lumpur on the 21st and 22nd of June, at the Hilton Kuala Lumpur from 11 am to 6 pm.

For those interested in investing or considering buying new build developments in Zone 1 London, you are welcome to have an independent discussion to compare the areas, development, price, and maybe The Halo would tick all your boxes.

Access also to our full end-to-end after-sales services, where you can enjoy the convenience to speak to a Malaysian banker for financing or loan assessment, seamless after-sales services from lettings, to property management, and tax returns for an all-rounded advice, should you want to explore how this asset can benefit you and your family’s long-term plan/goals.

If you simply want to understand more about the UK rental market, don’t miss the 2:30PM (Saturday and Sunday) seminar by Melvin Koh, Country Director of Benham and Reeves Malaysia, as he talks about Navigating the current London Property Market: Where are the Opportunities. As well as an opportunity to meet Ms Natalie Day, Head of International at Berkeley St Edwards, who will be able to share more about the global uptake at The Halo and Oval Village’s progress to date.

Register now to attend the showcase, seminar, or private appointment this weekend:

References:
1. Dataloft, Property Academy Home Moving Trends Survey 2023
2. Dataloft Rental Market Analytics £psf annual rents, to June 2024
3. Property Academy Home Moving Trends Survey 2023
4. Dataloft, June 2024