New businesses. Improved traffic links. Better education.
London is fickle, and as new developments happen all over the city, the property world keeps on changing. What is a good place to invest in one year has dropped off the list months later. This leaves room for new hotspots to emerge, and up and coming areas to take centre stage.
The reform of stamp duty will also play a part in people purchasing property this year, with people required to pay less than £937,000 paying a lot less. This means it’s important to stay ahead of the game, and identify exactly the right places to be looking in.
Because of this, we at Prideview Properties have come up with a list of what we believe to be some of the best places to buy property in 2015. If you are looking to buy a house, or are a property investor looking into your next investment, then it is worth reading on...
Brockley is a district in South London, located in the borough of Lewisham. It has a great position on the commuter belt, which has made it very popular with young professionals.
It is also becoming a place for families to live, due to the excellent schools in the area. It has two exceptional high schools, both of which have been given an outstanding certificate by Ofsted. The area also has a sixth form college for the older children.
There are a lot of Victorian style houses, ranging from those with character to the more modern style properties.
Prices are also relatively affordable, starting at around £350,000 - £400,000 for houses.
Located in the London Borough of Sutton, in the south west, Sutton has become an ideal place to invest in property. It is popular due to its rural setting and low crime rates.
Sutton station is the main station, where there are frequent trains to most major London central stations, including Victoria and London Bridge.
Prices are not too steep, with a typical two bedroom terraced house costing around £300,000.
It is especially popular for landlords who are looking to buy-to-let, as we’re due to see an increase in rental prices within the next 5 years.
Brook Green is a neighbourhood in the London Borough of Hammersmith and Fulham, just 5 miles west of Charing Cross.
It attracts a wide mix of people, with residents claiming it has a real community feel. Families flock there for the excellent schools, where young professionals take advantage of the up and coming bars and restaurants.
Whilst it doesn’t have its own tube station, it’s in very close proximity to Kensington, just without the same hefty price tag.
Prices start at around £325,000 for a one bedroom flat, which makes it ideal for those wanting to invest in property.
The last place on our list is probably one that everyone has heard of. Situated in South London, it has never been a popular area for people to live, until now.
There are massive changes happening within Croydon, including the building of two new shopping centres. This in its turn is bringing a lot more people into the area.
Property in Croydon starts at around £220,000 for a flat, and around £300,000 for a terraced house.
Of course, there are plenty of other areas of London that are worth looking into, especially if you are a property investor looking to make a lucrative investment. However, it’s fair to say that those looking to invest should take full advantage of the current economic situation, and that definitely means investigating our chosen locations.
If you’re unsure how to set about making a property investment, or want to speak to a specialist consultant, then please contact us at Prideview Properties. We are commercial property agents in London, and will be able to guide you into making big decisions, so call us on 0208 863 8680 to find out more.