CHOOSING a place to live is one of the most vital decisions that you will ever make. Let's face it, property is probably the largest investment most people make in their lifetime and investing in bricks and mortar still makes a lot of sense. Despite talk of a so-called slump, the latest official figures show that prices soared in March to record the biggest monthly leap since the financial crisis.
The increase was helped by the London annual house price hike which registered at 13 per cent, according to the latest data from the Office for National Statistics.
So, where in our area should you peruse property?
Well, gentrification of certain areas within Jacksons’ expanding catchment zones means there are many, many opportunities in places that are emerging as strong investment avenues.
Tooting Bec and Tooting Broadway are becoming more and more cultivated in lots of aspects, while Streatham Hill is coming on leaps and bounds in terms of popularity and is certainly an opportune location.
Streatham, which means the ‘hamlet on the street’, does exude a village feel but with it comes a real buzz of metropolitan living.
In the earlier part of the 20th century, Streatham was an entertainment hot spot and soon became one of the most popular retail areas in London. This declined towards around the end of the 90s but is now gathering more support and is making a return to its former glory.
It boasts great amenities, a decent selection of properties not far from the inviting green spaces of Streatham Common and Tooting Bec — which also has a fantastic lido for summer. Transport connections, too, are good with London Bridge only 20 minutes away.
All three mentioned above boast vibrant coffee bars, cafes, restaurants and bars and. Plus, an added bonus is that they are all but a short distance from ever-trendy Brixton.
Of course, if we were to choose an area in South London that a prospective buyer would purchase a property bought for the purposes of investment, then Clapham is very well established and can’t be overlooked.
For its price growth, sales activity, affordability and value on offer, Clapham just about edges it in comparison to surrounding hotspots. Yes, investing in property in Clapham is an unmistakable opportunity.
Its popularity comes down to a number of factors, not least that it offers a very pleasant way of life and is an all-round decent place to live with a distinctly village-like atmosphere that especially appeals to families.
Then there are the wide open spaces of leafy Clapham Common — complete with lush scenery, a lake, picnic areas and assorted cafes — that provide a tranquil backdrop to the frenetic pace of life in the metropolis.
Other attractive features which automatically boost Clapham’s appeal are the crop of excellent schools in the area and, of course, the transport links.
There are three main Underground stations and an Overground station that mean Clapham is accessible to the city and a perfect location for commuters.
From Clapham North, Clapham Common and Clapham South, Bank can be reached in no more than 20 minutes on the Northern line. Stockwell Underground is but a short bus ride away, and the West End is close and you can get to Oxford Circus in no time.
Balham can’t be too far behind when it comes to an investment opportunity. Anyone who has been in and around Balham over the past decade will tell you it has changed a great deal and this transformation, in no short measure, has its roots in the demands of a younger, trendier demographic.
Balham is perfect for people working in Zone 1 and The City with the tube or Overground routes to both Victoria and London Bridge. Another contributory reason to the area’s growing popularity is that the Crossrail 2 route will now include a hub at Balham.
In conclusion, predictions continue to suggest that South London hotspots should deliver fair gains over the short to medium term, as the newest figures prove.
To discuss buying a property in South London, please contact us here at Jacksons.