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/ by In house team

Highgate sees increase for rental and sales properties

Divided in half by two London boroughs, Haringey to the North and Camden in the South, Highgate is a highly sought after area, which has seen some exciting changes in the sales and lettings market recently. Matthew Smith, Manager of our sales division, says that in the last year property prices have risen by around 15%, and as a result, demand for this quiet, village style community is growing fast.

Historically, Highgate got its name in the 14th Century, by way of travellers using a newly built road through the Bishop of London’s deer park by entering or leaving through a tollgate. Later, as the area became more established, Londoners began to use the growing village as a retreat, escaping from the smog of the City. Its high position and numerous open spaces, including Waterlow Park and Hampstead Heath, continue to make this leafy area a magnet for families and young professionals.

Exclusive Highgate Village commands great views across central London, making this a very desirable North London property hotspot. The area has a charming period feel while providing a modern arts and a theatre scene. In addition, the popular area offers an array of different property styles, from handsome Victorian houses, to Georgian terraces and a mixture of more modern designs scattered throughout. Traditionally a sought after area amongst families, Highgate now attracts the eye of many keen young professionals looking to buy and rent and as a result we have recently opened a new lettings division to complement our well established sales office. Tenants have an assortment of properties to choose from typically starting from around £1,200 per month for a one bedroom flat, or £1,500 to £3,000 per month, for a two to three bedroom house.
Highgate sees demand for rental and sales properties rise

Situated on Archway Road is this one bed flat priced at £1,387 per month, ideal for a young professional

With its close proximity to a number of transport links, including the underground stations of Highgate (Northern Line zone 3) and Archway (Northern Line zone 2), and the Overground train stations at Gospel Oak and Upper Holloway, Highgate provides a very convenient commute into the City and central London.

Although Highgate Village is highly sought after amongst buyers and tenants, there are particular streets which fall in between the village high street and Archway Road, which are also seeing a lot of attention. These roads, such as Cholmeley Park, Jackson’s Lane and Bishops Road, offer residents the best of both worlds in terms of a convenient location both for transport and the village.

Highgate High Street offers numerous cafes, small businesses, restaurants and old pubs, many of which are steeped in history, like The Flask (circa 15th Century) and The Gatehouse (circa 17th Century). The village also offers another historical site, Pond Square. Long since filled in, the famous square is still in use, and is where the legend of the ghostly chicken from 1626 supposedly still occurs.

Matthew also notes that: “With more and more families looking for areas which offer the full package (namely good schools, convenient transport links and a wide range of properties to choose from), Highgate hits all the right notes. Highgate has an excellent range of schools, such as the Highgate School, Channing School (an independent day school for girls) and the St Michael’s Church of England School. It's quite common for children to be seen walking to and from school, as the community gives residents the feeling of a family friendly environment. For their property search, families tend to look for good sized four to five bedroom family houses, which usually start in price from around £1.5 million, while a one bedroom flat, ideal for a young professional, typically starts from around £400,000.”

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In house team London Property Market

As the marketing and communications team at Kinleigh Folkard & Hayward's head office, our aim is to keep you updated and informed where the London property market is concerned. In addition, we'll bring you tips on navigating current issues and trends in the market when buying, selling, letting and renting to ensure that whatever field you're interested in, you'll be completely informed.

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