It is possible to spot the next big thing in London. This skill has made some lucky Londoners property millionaires. Sometimes they can be predicted by insider knowledge of the areas where buyers are starting to build. Rightmove has identified ten London locations that have seen the highest rise in buyer demand over recent years by monitoring the number and quality of viewing requests. Prices should rise as this activity leads to more sales.
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Hayes (UB3) The clear winner of today’s study. Demand has increased by a resounding 74% year-on-year. He said that he has been living in the area for ten year and that prices have been rising in the area ever since Crossrail was announced. It is still affordable. “But it is still relatively affordable.
Adrian Lourie The main problem is the high street, which is dominated by fast food and discount stores, although it is improving. It is not a destination for lifestyle. Mahal stated that there are many new developments around the station with commercial units. He believes they will have a significant impact on the environment. “Covid has had an enormous impact on that, nobody takes leases at the moment, so it will take a bit longer, but it will happen. “Table: Top 10 Postcodes by Increase in Buyer Demand
Postcode
Demand will rise in 2021
Hayes, UB3
74%
South Chelsea, SW10
20%
Victoria, SW1W
19%
Barking, IG11
12%
Angel, EC1V
7%
Southgate, N14
6%
Muswell Hill, N10
5%
Thamesmead, SE28
5%
Kensington, W8
4%
South Kensington, SW7
4%
Source: RightmoveSouth Chelsea. Average price:?1.455M. Merlin Dormer, a Heaton & Partners partner, said that “it is a very convenient location.” It has good pubs and restaurants, great family houses, including the famous lion houses. There is also the river nearby. It is also, by Chelsea standards, affordable. Dormer said that if you don’t have the money to buy a property in Chelsea, you might be able buy one there. It must be nearly half the price. “?450,000: One-bedroom apartment for sale on Finborough Road SW10 with 75 years remaining
/ John D WoodVictoria SW1W. Average price:?4.5m (??3.55m). This is a remarkable pandemic performance for such a centrally located area full of modern flats. Interest in the streets surrounding Victoria Station has increased by 19% over the past one year. According to Rightmove’s latest data, the average selling price has increased from just over.3.5m a year back to?4.5m today. However, this may be due to buyers opting for larger properties that have enough space to accommodate WFH if needed. James Hyman, Cluttons’ head of residential, said that Victoria is an exciting and growing part of town. “It was once a somewhat derelict and seedy area, but over the past five to ten year it has transformed into a residential hub with inspiring modern architecture, lots of going on weekends, new shops, and restaurants. “Ultra-convenient Victoria costs less than its established Zone 1 neighbors.
/ Daniel Lynch It is near the River Thames, Green and St James’ parks, as well as a wide range of shops and restaurants along Pimlico Road. Hyman also estimates that prices start at around?1,300 per sq ft. However, you will pay much more for a brand new apartment. Hyman said that the property will soon be upgraded to a Prime Central London postal code.
/ Daniel LynchTransport links to the city are excellent (20 minutes by train and later in the year a new river bus service). There are many neighbourhood restaurants. Big changes: Nadia Hamila, who started a business in the pandemic but refused to leave London after the lockdown, launched a business.
Nadia HamilaAngel, EC1V. The pandemic has brought about major changes in Nadia Hamila’s life. Nadia Hamila lives in Angel with her husband and their daughter. Nadia, 40, understands why so many people are drawn to this centrally located postcode EC1V. She said that she loves the fact that so many places are within a 20-minute walk. “We can go to Spitalfields Market and Shoreditch, and the Barbican Centre. I can also walk to the West End in about half an hour. Nadia admits that there is a lack greenery in this area of London, but she says she can walk to the West End in half an hour. She said that three children left her daughter’s class in the last few years and moved to the sticks. Two of them missed London so they moved back. It is a strong, diverse community that I love.
