As the new year starts, its time once again to consider the likely London property hotspots for this year. This is proving harder to do with new areas being highlighted all the time thanks to upgraded transport links and regeneration. Osbornes have therefore enlisted the help of some respected London property agents to provide their suggestions for 2015.
David Ruddock of Marsh and Parsons suggests Fitzrovia because it “is a well established area, but has undergone somewhat of a renaissance with an influx of zeitgeist eateries and boutiques. As yet the international investors have not discovered it, but when they do prices are bound to rise.” Also Queens Park because “it has been a long established destination for families from Notting hill, North Kensington and Maida Vale looking for a family house. It has a wonderful housing stock and still offers great value for money”. David goes on to say “We are so convinced that it is a great area to invest we are putting our money where our mouths are and opening an office there this year.”
Finally David suggests Paddington and says “sandwiched between the Hyde Park Estate, Marylebone and Bayswater is a pocket of lovely period property. Historically this has been considered to be a little run down, but is fast transforming itself as new residents and businesses move in. With its central location, housing stock and transport links prices compared with other areas can only increase.”
Chris Hugh of McHugh and Co Auctioneers and agents says that his 3 hot London property areas are as follows:
Camden Town – It has an excellent array of shops/restaurants, buzzing market & nightlife and it’s close to the open spaces of Regents Park and Primrose Hill.
Tottenham – With the regeneration of the Tottenham football ground, this will greatly improve prices in the area
Finsbury Park – Great Transport Links, many new developments & good recreational facilities.”
Another supporter of Camden Town is Stuart Shiers of Hotblack Desiato who says that this area “continues to be one of the most sought after areas north of the river and continues to attract developers (and increasing numbers of estate agencies) to the area. Just when you thought there could not possibly any further room for development in Camden, a number of new sites are soon to follow, with the change of use of a number of large commercial buildings set to become residential apartment blocks. The appetite for living in this area does not look like abating. The development of Kings Cross, St Pancras International Station together with the proximity to London Universities, The City & West End and Royal Parks are some of the reasons for the continued demand. The opportunity for capital growth is exceptional with the last 3 years having seen prices rise by as much as 30 – 40%.”
Stuart also rates “the following other nearby hotspots, for pretty much the same reasons as Camden:
The ever popular Primrose Hill.
Chalk Farm, which is actually small pocket of Camden Town, and is a short stroll from Primrose Hill and Belsize Park and only a stone’s throw from Camden Lock’s Stables Market.
Kentish Town where there is the additional attraction of the recently relocated French Lycee and a number of highly sought after schools as well as some acclaimed restaurants and bars.
Tufnell Park is becoming increasingly fashionable, as you tend to get slightly more for your money, though property values are catching up fast with Camden and Kentish Town.”
Michael Hookway from Edmund Cude believes that Bloomsbury will be a hot location in 2015 and says “with the extensive re-development of Kings Cross and with such plethora of transport links Bloomsbury has seen an influx of residential buyers and investors alike who have all taken advantage of the mass investment within this pocket of Central London. The area is awash with attractions the British Museum, the British Library and the Royal Opera House to name but a few. Bloomsbury’s close proximity to the West End’s vibrant theatre land and entertainment district along with benefitting from being moments from the proposed Crossrail and HS2 lines has seen demand for properties in Bloomsbury far outstrip supply.
For investment buyers, the ability to let properties without void periods is a huge attraction so with UCL and LSE being close by we are finding more and more buyers choosing to invest here. Not only do buyers see the area as a sound financial investment in terms of rental income, they also realise the ability to purchase in a location providing sustained growth.”
In West London, Joshua Findlater from Bushells favours Fulham and says that “it benefits from being located close enough to central London to feel connected to the city life, which often appeals to young professionals, yet far enough away from manic hustle and bustle that it also appeals to families. Situated next to Chelsea on the Thames, there is a mixture of period properties such as the Lion Houses in Parsons Green and new developments such as Imperial Wharf which face the river. Other appeals, to young professionals and families alike, are the fantastic array of restaurants, bar, cafes and parks that Fulham has to offer.
Other prominent features of the area include fantastic schools, being home to two football stadiums; Craven Cottage and Stamford Bridge, the Michelin-starred gastro pub; The Harwood Arms and the illustrious and exclusive Hurlingham Club. From walks along the Thames or through one of its five parks, Fulham allows for a less urbanised feel despite being in Zone 2 and having five underground stations within its remit which allows for commuting into the city centre with ease. Additionally Fulham has gone from strength to strength in recent decades in terms of house values as many look to move to this fantastic area and this shows no sign of letting up soon.”
Again staying West, Becky Ward from Bushells says that Hammersmith is one of London’s sought after property hotspots and there are plenty of reasons as to why this is the case. “Popular with families due to the local leading schools and colleges and benefitting from its close proximity to open natural environments, Hammersmith is the ideal place to enjoy picnics, bike rides and strolls through the parks-or along the beautiful stretch of the Thames towards Chiswick. Hammersmith is equally as popular with young professionals based on the excellent infrastructure networks and affordable properties compared to central London price tags. The area boasts a transport hub of four tube lines, 24hr bus station and the A4 artery both in and out of London, ideal for an easy commute into the city. For other ways to unwind, the local area has an array of excellent eateries, bars and pubs.
The high streets of Hammersmith not only offer award winning pubs and restaurants, but are ideal for any keen shopper, especially being a stone’s throw away from the Westfield Shopping Centre. Being a multicultural town, Hammersmith prides itself on its renowned cultural attractions including the Apollo and Lyric Theatres. The area’s flawless architecture complements the culture on offer from classic period properties to modern, sophisticated and sustainable developments. Hammersmith is full of excitement, culture and activity and a place that any young professional or family would enjoy living.”
Wherever you plan to buy or sell this year it is important that you contact a property professional to assist you. At Osbornes, our specialist conveyancing department has over 40 years of experience helping people.
Contact Simon Nosworthy, head of Property Department, who will be happy to provide you with a quote at no obligation and answer any questions that you may have.
Osbornes is an approved member of the Law Society’s Conveyancing Quality Scheme. This scheme is a kitemark awarded by the law society only to conveyancers who have demonstrated the highest level of advice and client care. The firm is also a preferred solicitor panel member of a number of UK wide estate agents.
Contact Simon Nosworthy on 020 7482 8431 or by e-mail on email@example.com
You can contact any of the article contributors using the details below:
Marsh & Parsons Marylebone & Mayfair Office
94 Baker Street, W1U 6FZ
Direct: 020 7871 1241
Office: 020 7935 1775
Mobile: 07903 868 570
McHugh & Co
Tel: 020 7485 0112
Fax: 020 7485 3128
T 020 7482 2894
D 020 7858 3320
Michael Hookway (MNAEA)
Edmund Cude Group (incorporating Bushells)
D 020 7291 0652
O 020 7291 0655
M 07824 353800
DD 020 7731 7788
O 020 7731 9680
M 07985 466 687
D 020 8563 4475
O 020 8563 0123
M 07824 353 819