Up and Coming Areas in London
Whilst many of our clients favour more traditional prime central London areas, others always have an eye out for the next ‘Clerkenwell’ or ‘Whitechapel’.
Predicting the next ‘hot’ area is not an exact science but here are five places we expect to perform strongly over the next decade. Some of these neighbourhoods don’t have the best of reputations whilst others are well established but we see them all going from strength to strength.
For more London areas with investment potential, take a look at our article on Place to Invest in London.
Compared to its more expensive West London neighbour Chiswick, Acton offers excellent value to first-time buyers even if it’s a little rough around the edges. The area is already well connected on The Central Line and Acton Main Line will be next to Paddington and Bond Street on the Crossrail route.
Ealing Council are knocking down the huge post-war South Acton Estate and replacing it with the £600m South Acton Gardens scheme – one of the biggest regeneration projects in the capital which will deliver over 1500 homes and other amenities.
Buying Tip: There are still good value properties in easy walking distance of Acton Mainline’s Crossrail station – buyers focusing on refurbishing old housing stock could see a significant uplift over the next few years.
Home to the landmark billion pound Battersea Power Station and Nine Elms developments which will not only bring luxury homes to the area but a strong mix of retail and leisure space. The Northern Line extension will finally connect SW11 to the tube with two new stations opening in 2020. Battersea is just a short walk across The Thames from upmarket Chelsea and we wouldn’t be surprised if the pricing gap between the two narrows in the coming years.
Buying Tip: Focus on existing period property – especially sizeable mansion block flats in the areas bordering Battersea and central Wandsworth. Some of these properties are trading at significantly lower prices than 12 months ago whilst the new builds grab all the headlines.
Situated just north of Canary Wharf , regeneration schemes are in place to make the two areas better connected. With Canary Wharf’s working population exceeding even The City of London, the area will appeal to staff looking for an easy commute.
Buying Tip: Roads like Woodstock Terrace have flats in well maintained Georgian terraces within 15 minutes walking distance of Canary Wharf at around the £500,000 mark.
Probably the most established neighbourhood on our list. Ealing has been a long-standing favourite amongst families due to its large suburban homes, excellent schools and parks. Although it is quite a distance from central London, the arrival of two Crossrail stations will actually make the area better connected to many key commuting areas than many more central neighbourhoods . A journey from Ealing Broadway to Tottenham Court Road will only take 12 minutes and residents will even be able to go from (far) West London to Whitechapel in the East in just 20 minutes.
ffffThe council and major developers like British Land are partnering on major new schemes and regenerating the high street.
Buying Tip: Treelined roads such as Woodville Road have fantastic period properties and are relatively peaceful despite being less than 10 minutes from Ealing Broadway Station. Prices per square foot are very competitive compared to more central areas.
Situated near Maida Vale and within walking distance of Hampstead- South Kilburn is an area primed for further growth. A 15 year masterplan is underway for the area which will include improvements to public realm, new schools, a large urban park and 2,400 new homes.
Buying Tip: The South Kilburn Masterplan is available online. Buyers looking to benefit from the uplift in the area without waiting for the developments to complete can focus on properties on the periphery of the masterplan.