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3 | Tittle %u00a9 2024 Jones Lang LaSalle IP, Inc. All rights reserved.House price forecastJLL%u2019s latest residential forecasts predict Old Oak & Park Royal is will see an increase of 22.2% in house prices over the next five years (2025-2029), surpassing the growth rate of London (21.6%). The growth in house prices can be attributed to the ongoing regeneration efforts in the area and the positive impact of new transportation infrastructure. These factors will likely support the growth of house prices in the surrounding Old Oak area.Rental forecastOver the next five years, strong rental growth is anticipated, primarily driven by high demand and limited availability of rental properties on the market. JLL's rental forecast for Old Oak & Park Royal indicates a 19.9% growth over the next five years, outperforming the projected rental growth for London (18.7%). Due to the ongoing regeneration efforts, the area is attracting more affluent renters. This influx of higher-income renters creates a favourable environment for rental growth.Strong price and rental growth prospects___________________________________________________________________________________One Portal WayDeveloper: Imperial College LondonStatus: Planning GrantedThe One Portal Way development is currently the most significant within the residential pipeline in Old Oak & Park Royal. The site gained full planning permission in March 2024 for a maximum of 1,709 units.The scheme will comprise a mix of Co-Living or Student units, private and affordable for sale units and affordable rent units. ,Holiday Inn London WestDeveloper: Al Dau DevelopmentStatus: Planning GrantedThe Holiday Inn London West development is currently the largest private for sale development in the residential pipeline in Old Oak and Park Royal.The site has gained full planning permission for 702 total units, 506 of which will be private for sale, with a further 196 affordable units. ___________________________________________________________________________________CGI: City & Docklands%u2019 One West Point development, recently completed in the Old Oak and Park Royal area. 22.2%4.1%21.6%4.0%0%5%10%15%20%25%Cumulative 2025-29 Average pa 2025-29Sales price growth forecastsOld Oak and Park Royal Greater London19.9%3.7%18.7%3.5%0%5%10%15%20%25%Cumulative 2025-29 Average pa 2025-29Rental growth forecastsOld Oak and Park Royal Greater London