Most boroughs in London have performed exceptionally well over the last year according to latest Land Registry figures, but which ones are topping the list?
Kennington, SE11, London Borough of Lambeth – annual price increase 23.8% (Source: Land Registry, April 2014)
Justin Bhoday, Sales Manager at our Kennington branch, comments: ‘Kennington’s main appeal has for many years been its convenient access to a number of centrally located areas within the capital, such as the West End, the City and Canary Wharf.’
- Neighbouring Nine Elms is considered a ‘hotspot’ for investment, and is attracting interest from young professionals and parents.
- A proposed transport link for the area is the Northern Line extension, which will run from Kennington to the Battersea Power Station.
- Almost a quarter of investors are currently parents investing in two or three-bedroom Victorian properties priced at around £500,000.
- Many of these are for their children who already do or intend to study at one of the nearby teaching hospitals, such as St Thomas’, Guys or Kings College Hospitals.
- Parents are often able to purchase in cash, preferring the good capital growth returns over those offered by banks.
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