Ever wonder where the next big property hotspot will be? Here are three promising London real estate hot spots you may want to check out:
Leyton in East London
Leyton, postcode E10, is one of the suburbs basking in London’s post-Olympics sunshine.
The former Leyton Municipal Offices, which have gone through years of utter disuse, has been converted into a commerical building by well-known community developer Lea Valley Estates. While the local high road shops got a much need facelift through a colourful renovation of local shops’ facades. Needless to say, local businesses have been doing so much better in area, it could make Mary Portas, the self-proclaimed “Queen of Shops,” so proud!
Aside from the lively turn of things for the local businesses, Leyton is also teeming with Victorian and Edwardian terraces with prices ranging between £400,000 to £650,000. Judging these prices by London standards, these remote property investments are definitely a bargain.
For remote investors looking to invest now, there’s a new development called Claude Terrace offering Victorian-style townhouses designed for young families who are trading their flats for a proper house. A unit in Claude Terrace starts at £395,000.
Brockley in South London
Back in the 80’s, Brockley was the property hotpost for every London commuter. But thanks to the Overground extension going through South-East London, the suburb is now home to a hodge podge of new residents ranging from hipsters, yuppies, and even young families!
It’s not just the new residents that’s giving life to this suburb, the introduction of the East London line extension also ushered in a new batch of lively, shabby-chic bars and cafés, plus delis, and a micro brewery – which are all very popular with the locals.
What’s more impressive about Brockley is that despite it’s revival, there’s still a home for every budget in this commuter-friendly neighborhood. Other than the usual Victorian houses that line up UK’s capital, there are also, more modest, semi-basement terrace homes in the area.
Brockley Cross, once known for being a crime hot spot in the area, has been recently renovated and developed into a property with copper-clad flats and an art gallery. One unit in the building starts from £350,000.
Notting Dale in West London
Unlike it’s more famous namesake Notting Hill (which was the title and setting for Julia Robert’s immensely popular romantic comedy) Notting Dale was previously a slum before World War II. A few council estates were built over there in the fifties, but nothing much had changed for the area up until a few years ago.
Fast forward to 2015 and now Notting Dale is home to a few world renowned brands and personalities like: Chrysalis Records, Stella McCartney, Cath Kidston, and the celebrated fashion and portrait photographer Mario Testino.
London’s premier housing association are also creating new property developments in the neighbourhood. Peabody’s More West development brings a mixture of flats for purchase and shared ownership at the starting price of £415,000.
Another perfect development for remote investing is a scheme of four outstanding modern houses in Walmer Road. he houses are clustered in a courtyard and all have rooftop “salons,” terraces, and underground parking spaces.