From redeveloped industrial docklands to traditional London villages, living on The River Thames offers something for everyone. Seventh in our Riverside Living series, we talk to Justin Bhoday, sales manager of KFH’s Kennington branch about life just south of the river.
Kennington has traditionally always had a good number of local buyers who love the area and the close proximity to central London. Nowadays, we are seeing more investment buyers, parents buying first homes for their children and renters from areas such as Islington, who are looking to get more value for their money when they decide to buy.
Bricks and mortar
The Thames is just a short walk away from the heart of Kennington, and there are developments aplenty currently being built along the Albert Embankment. Most famous of all is the iconic St George development near Vauxhall Bridge, which really led the way for redevelopment in the area.
Aside from riverside apartments, Kennington also has an enormous variety of property styles to suit most budgets. From period houses and flat conversions to modern homes, Kennington also boasts a high number of warehouse conversions and post war buildings, including ex council blocks.
Kennington is located on the Northern line in Zone 2. The nearest railway station is down the road in Elephant & Castle, which provides trains to London Blackfriars, Wimbledon and Luton.
Where to go
As the area has developed, Nine Elms has bought an influx of new residents, and we have seen a number of new restaurants and bars opening up. Damien Hirst’s Newport Street Gallery which opened in autumn 2015 showcases exhibitions from Hirst’s art collection and is home to the hip Pharmacy 2 restaurant.
The market at a glance
We are currently experiencing the customary autumn high, and have completed thirty sales in twenty one days.
As people move into the new developments in Elephant & Castle and Nine Elms, the area will continue to thrive. The increased competition for property will also affect the local amenities in Kennington, and as more businesses expand, so will property values increase.