The capitals sizzling property hotspots
1. Nine Elms
If you’re snooty about buying property south of the river, think again. Why? Because Nine Elms boasts Britain’s biggest housing developments with nearly 20,000 units under
construction. What made this previously no-go area hot is the Battersea Power Station redevelopment along with two new Tube stations.
Still not convinced to buy here? Sample this property development in Nine Elms where you could swim from one
building to another through the AIR!
Property pundits view:
Matthew Fine, managing director of property agent Hunters:
The obvious reason Nine Elms is a property hotspot is the urban regeneration of the area, from Battersea Power
station to the swathe of new buildings in Nine Elms and the new underground station along with the American
Embassy relocating to the area.
However, since the Autumn Statement and the announcement of a 3% extra stamp duty levied on buy-to-let or
second home purchases in the UK, there are rumours that a number of overseas investors will be looking to sell
on their contracts rather than have to complete. We believe that a canny purchaser will be able to pick up one or
two well-priced properties in this area next year, ripe for growth.
Average property value in Nine Elms: 622,819
Detached: 777,136
Semi-detached: 762,252
Terraced: 790,181
Flats: 690,034
2. Tooting
Homeland of Labour mayoral candidate Sadiq Khan , Tooting is dubbed as an ideal place for people to get on the
London property ladder. From a decent curry place to beer gardens, there’s something for everyone in the area.
What makes this south west area of London a property hotspot is how well-connected it is to central London. Hop
on the Northern line and it’ll take you approximately 25 minutes to get to Tottenham Court Road or Bank. Take
the main line and you can get to St Pancras in under 40 minutes.
Whats more? The area boasts the Tooting Bec Lido, one of Britains oldest and largest pools by surface area in
the UK.
Property pundits view:
Matthew Fine, managing director of property agent Hunters:
Whilst Clapham, Dulwich & Brixton have seen vast changes over the last decade this little area of south London
feels as if it has been left behind, but that is all about to change with new transport links into Central London.
Whilst the gentrification of the aforementioned areas has already happened it has yet to take place in this part of
town and we think this area is a great place to start your journey on the property ladder.
Average property value in Tooting: 576,781
Detached: 1,592,324
Semi-detached: 1,131,511
Terraced: 794,062
Flats: 459,595
3. Islington
Buying a property in Islington is an expensive investment, but its surroundings make up for it. Theatre lovers are spoilt for choice, with not one but four theatres to choose from: the Kings Head Theatre pub, the Almeida, the Tower Theatre and Sadlers Wells Theatre.
Dog walkers, runners and lovers of open spaces will appreciate Highbury Fields at the end of Upper Street. Its
the largest park in Islington and features numerous highlights including an orchard, wildlife area and a water play
feature.
Islington is also home to an abundance of bars, restaurants and shops. Those who truly love to shop will
appreciate the markets available here. Not only is the borough close to Camden markets, it has a weekly
Wednesday market on Upper Street as well as a Sunday Farmers market.
Property pundits view:
Hugh Grover, an estate agent located in the borough of Islington:
This area is a huge hit for anyone wanting to live close to Central London. Not only is it a short tube journey from
the hustle and bustle of the English capital, Islington is an exciting borough itself.
In fact, in a survey carried out by London city guide Time Out, Islington was voted one of the best places to live
in London. The borough came in at number three, the only area in North London to make it in the top 10.
Average property value in Islington: 776,822
Detached: 1,520,606
Semi-detached: 1,719,746
Terraced: 1,419,928
Flats: 600,993
4. Hayes
If you want to cash on the Crossrail boom then homes in Hayes are investment gold. Up to 10 services an hour in each direction will run from Hayes & Harlington station from 2018. The area also
benefits from great transport links to the capital with Heathrow airport five minutes away and Paddington station just 16 minutes away.
The area boasts a buzzing high street and the 20m Botwell Green Sports and Leisure Centre which opened in
2010. Galliard Homes reckons the area is great for buy-to-let investments too.
Property pundits view:
Rob Weaver, director of investments at property crowdfunding platform, Property Partner:
I have high hopes for Hayes. Properties here are rising fast from a low base, with the localities also benefitting
from significant regeneration. Hayes, which used to be largely industrial, is on its way to becoming a business and
high-tech hub, clustered around the 250m Old Vinyl Factory redevelopment, which will bring 4,000 new jobs to
the area.
Average property value in Hayes: 290,839
Detached: 484,848
Semi-detached: 377,721
Terraced: 336,891
Flats: 235,861
5. Queens Park
If you’re planning to buy in Queens Park, you’ll be able to choose from a variety of Victorian and Edwardian
semi-detached houses, terraced buildings and period conversions.
The area has two thriving high streets – Salusbury Road and Chamberlayne Road – that boast a number of chic
cafes and independent shops. Queens Park is on the up because of its convenient transport links including the 20-minute Tube journey from
Queens Park Tube station to Oxford Circus. According to property agents Marsh & Parsons, Queens Park is among the top places to watch in 2016.
Property pundits view:
Peter Rollings, CEO of Marsh & Parsons:
Queens Park is providing a credible next step for those priced out of North Kensington and Little Venice, and is
well serviced by the underground and over -ground rail connections directly into Euston.
Average property value in Queens Park: 844,078
Detached: 2,549,346
Semi-detached:1,775,704
Terraced: 1,196,057
Flats: 547,197
6. East Ham
The London borough of Newham saw the fastest house price growth of any part of the UK in 2015.
And Newhams star property zone is East Ham where demand for flats and houses rose 26% in the last six
months of 2015.
Just a 30-minute Tube ride away from central London, the area will benefit from new homes as West Ham
Football Club moves from Upton Park to the Olympic Stadium.
East Hams high street boasts restaurants serving a variety of cuisines, thanks to its multi-cultural communities.
The area is known for its green spaces including the East Ham Nature Reserve which is a sanctuary popular with
children for its birds, insects and lizards.
Brampton Park is another star attraction of the area for its multi-use games area, paddling pool, table tennis and
trim trail.
Property pundits view:
Property agents Ludlow Thompson:
East Ham is a predominantly working class area consisting mainly of Victorian terraces.
East Hams properties are mainly terraced Victorian and Edwardian often in attractive tree-lined avenues.
With the 2012 Olympics held in the borough, East Hams Leisure Centre with swimming pool and climbing wall
amongst other amenities is a great place to keep those inspired by the worlds sporting stars entertained.
This bustling area attracts those that like the vast array of open green spaces and affordable properties. The
Underground Stations of East Ham and Upton Park are both on the District and Hammersmith & City lines. (Zone
3).
Average property value in East Ham: 274,206
Detached: 390,523
Semi-detached: 358,182
Terraced: 330,128
Flats: 221,663
7. Woolwich
Two key reasons Woolwich has made this list the Royal Arsenal Riverside development and Crossrail. The new 1.2bn scheme has put over 5,000 new homes in the area in addition to a new public space and library. The council is also planning to refurbish run-down estates in the area to make room for new homes. The arrival of Crossrail in Woolwich has also helped making Woolwich a great place to buy property. From 2018, up to 12 services an hour will allow passengers to travel to Canary Wharf, the City and the West End without having to change trains.
Property pundits view:
Rob Weaver, director of investments at property crowdfunding platform, Property Partner:
Woolwich is rightly touted as potentially the biggest Crossrail winner. Gentrification of this area will be slower, as
regeneration here is not broadly-based but concentrated into areas like the Royal Arsenal development. However,
with prices definitely in the affordable bracket, I can see a huge upside to investing in this underrated pocket of
London.
Average property value in Woolwich: 278,103
Detached: 451,592
Semi-detached: 377,553
Terraced: 340,451
Flats: 307,966
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