Home to the rich, famous or just plain hopeful, London is one big booming property market. But London is also a vastly challenging place to look for property to buy.
Home to the rich, famous or just plain hopeful, London is one big booming property market. But London is also a vastly challenging place to look for property to buy. Aside from the fact that London is experiencing a massive property bubble, bringing with it inflated house prices in 2014 it also has its fair share of not-so-great properties for sale that would make you afraid to take your coat off when you’re walking through them. In an effort to narrow down your hunt for that perfect property in London, we’ve found four up-and-coming places for you to look.
Lewisham and Hither Green, South-East London
According to the Telegraph, “the South London Borough of Lewisham is not one of London’s trendiest boroughs, but you can expect a price increase of 20% over the next five years”. Forest Hill is one ward in Lewisham that promises to be a good investment with easy transport links via the over ground line from Croydon that goes north to Shoreditch and Highbury. For Lewisham’s hidden gem try Hither Green. According to local resident Jo Schwarz, “there are some lovely Victorian houses at a very reasonable price, especially on the western side of the station. We got so much space for our money! And the commute to central London is great; only 30 minutes to Charing Cross”.
Walthamstow, North-East London
Also a stone’s throw from central London, Walthamstow is not offering the best growth, but because of this it offers excellent value for money. According to a 2013 report in the Guardian, “it remains one of the best value, nicest places within relatively easy reach of central London”. You can take the Victoria line to Oxford Circus in 20-25 minutes or rail to Liverpool Street in under 20 minutes. It also offers very solid schools. A great place to buy is the old village, east of Hoe Street which offers quaint cottagey terraces to buy.
Peckham and Nunhead, South-East London
Yelp selected Peckham as the most up-and-coming London neighbourhood in 2014 and it’s easy to see why with amazing restaurants and bars, the beautiful Peckham Rye Common – one of London’s lesser known yet exquisite parks – old-school cinemas, and a host of arts and entertainment options. Young professionals and young families would be well advised to consider the more affordable Nunhead nearby, which contains the consecrated Nunhead Cemetery, the lesser known of the Magnificent Seven cemeteries of London.
Barnett, North London
According to the Financial Times, “first-time buyers, home movers and buy-to-let investors are well advised to look at ‘mid-tier’ areas for the highest price growth”. Barnet, London’s second largest borough, proves to be one of these, promising a price increase of 20.7 per cent in the next five years. It also offers the best of both worlds, being close to Hertfordshire it offers pastoral fields but also has good transport links to central London. West Finchley and Finchley Central offer well-priced 1930’s houses, ideal for families. Once you’ve decided on your location, it’s time to start viewing property in London – Tepilo offers an easy online portal to start your property search.