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Article > Hottest Property Areas to Invest in London




Article kindly supplied by

www.wilfords.com

 


After six run-down garages in Fulham sold for £700,000 it’s hard not to think that any old place in London could be a gold-mine. But the reality is that property investors are more interested at what certain areas in London have to offer than necessarily the kind of property that they scoop up. Areas either increase or decrease in value so it’s important to be on the ball with hot areas that are worth investing in. Here are some of the hottest picks right now:

1. Peckham
Now a far cry from street crimes and murders, Peckham is an up and coming hotspot for trendy professionals that are already bored of the popularity of the East End. Trendy hangouts such as PeckhamPlex and the Bussey Building are a haven for hipsters. Although the area is filled with young artists and creatives who might not be able to dish out the dosh, there are key commuter transport links into the city and developments of a 10-storey arts centre in Peckham Rye is expected to create 500 new jobs.

2. Enfield
Switching to north London, Enfield was voted one of the top three areas for buy-to-let properties by HSBC and is a popular spot for families in London’s property market. Just over half an hour from Liverpool Street, it’s a great place for commuters to settle and there are plenty of developments such as the modern conversion of Ponders End apartments into a substantial amount of homes up for private sale. Meridian Water is also an attractive new project with 5,000 new homes, high street shops and education facilities.

3. Earls Court
Always an area of wealth and luxury, Earls Court will be an even more appealing place to live in the coming years with the advent of a beautiful development called Lillie Square. A meeting-point of Kensington, Chelsea and Fulham, the plan proposes four new urban villages, 7,500 homes in total and a five-acre ‘lost river park’. As if the stunning townhouses and apartments weren’t enough, now there’s all the more reason to invest in the West End.

4. Harrow
A perfect place for wealthy families to settle, Harrow has always been a steady, successful area for property investment. Although it’s relatively far to get to from the city, the West London suburb is scenic and spacious. With the new Crossrail project due to launch in 2017, an economic boost has been predicted to cause a 20.2 per cent spike in property prices in the next five years.

Depending on the market you’re looking for be sure to pick the right area in London to invest. Whether you’re looking for derelict garages or high-end pre-sales, you’re guaranteed to find a wealth of competitive interest and value in many London boroughs.

 

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