Why I love Estate Agency Property in South London.
Ever since moving to London I have lived and worked in South London, I have become one of those people who shudder at the thought of “crossing the river”.
South London is a fantastic part of London to work in, especially for Estate Agency, the average house price over the years has risen dramatically. Looking at past figures, the average house price in the borough of Greenwich has risen by 480% from £47,655 to £382,874, the borough of Wandsworth has risen by 556% from £114,179 to £624,212 and the borough of Lambeth 639% from £47,059 to £538,477.
With 1 in 3 people renting their homes, there is a great mix of diversity and culture, it certainly is a vibrant place to be.
There are also the huge developments that are changing the face of South London making it increasingly desirable.
In South West London we have the Battersea Power Station development, which is sure to be outstanding once completed. Battersea Power Station looks like it is going to be one of the latest hangouts with their 6-week festival really starting to take shape. Over the course of summer, they are bringing us not only bars and restaurants but also dance classes, music, the arts and for you comedy lovers out there, there will also be previews of the Edinburgh Fringe Festival.
For all of the Love Island fans who are about to start morning the loss of Love Island, it’s not over yet. Iain Sterling, the voice of Love Island will be performing his material prior to the Fringe Festival alongside Matt Richardson.
There is not just Battersea Power Station, there are many other sites popping up, it almost seems like they are appearing out of nowhere. These sites are really transforming the look and feel of South London, they are bringing in lots of new homes, jobs and increasing the spend in South London and making it even more desirable.
Aside from the new developments, we also have exciting roof bars, pop up and cafes in South too. With the ever popular Neverland which has opened its doors in Fulham, with its fantastic location and its beach theme, this is going to be a hit all summer! Let’s not forget that the much loved Brixton Beach is back, also in Brixton there is the Prince of Wales and Franks Café in Peckham, the latter two among others have been voted London’s best rooftop bars for the summer. We saw the Ivy Café spreading their ivy across South London too, with the Ivy Café Wimbledon Village opening its doors last year and the Ivy Café Richmond following suit this year, which again is great for building the profile and the economy of South London.
The properties in South London are vast and varied making it such an exciting place to be, with more people relocating here for work and more home movers, whether you are buying for yourself or as a form of income, it is a great place to invest those funds.
Looking at past data, just in Battersea alone, I find it astonishing looking at Latchmere Road for example, in 1996 flats were selling for roughly £100,000 and now some of them are selling for upwards of £700,000. Also in Prince of Wales Drive, in Overstrand Mansions, in 1995 you could have paid just over £200,000 for a flat whereas now you are looking at just under £2,000,000, which really is phenomenal, most of us are probably wishing we invested in those flats!
One of the other things that I love the most about South London is the property professionals, they are so knowledgeable and passionate about their area.
They can talk in depth about the market, they can share stories about the history of the area and also the amenities. Over the past few years I have seen the standard of the professionals working in the industry increase and the bar has risen significantly. The people that you are dealing with now are experts in their field, they ensure that they are armed with facts, figures and knowledge so that they can do the best by their clients.
Here at Cherry Pick People I have the pleasure of speaking to many of you on a daily basis, hearing about your successes also sharing stories from my time in the South London property market.
I am always keen to meet new faces within the sector and to help and assist where I can, so if you are thinking of a move, know someone who is or would just like to connect, please do get in touch.
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