Forest Hill has finally arrived. With property prices rising all over London, SE23 has been performing incredibly well these past few months. Many buyers are taking the leap and moving further afield, and as a result our buyer registration levels have increased by 92% year on year.
In the last year, we’ve seen a huge rise in buyers moving from North and East London to Forest Hill and surrounding areas, and the number of buyers moving from Hackney to Forest Hill alone has risen by 25% year on year. With a wide variety of property types available as well as prices, buyers feel they can get a lot more for their money in SE23. For example, in central London a two bedroom flat can often cost upwards of £550,000, however in Forest Hill, you can buy a four bedroom family house with a garden for the same price. The same can be said for one or two bedroom flats in the area, where prices usually start from £330,000, and with a garden from £350,000. In addition, the Forest Hill Overland train (which stops at London Bridge station), combined with the new addition of the East London Line Extension (which travels through Canada Water), provides many City commuters with more convenient transport links.
Forest Hill is experiencing high demand for four to five bedroom family homes and in the last year, prices have risen by 35%. In 2012 we sold a three bedroom Victorian maisonette on Kilmorie Road for £275,000, while seven months later a similar flat on the same road sold for £385,000, which represents a 40% increase. Forest Hill has a very appealing community feel, which typically attracts families in the majority, which makes sense as it has some of the best primary schools in the borough, counting the Fairlawn, Eliot Bank, Kilmorie Primary Schools and the Stillness Junior School among them. There are also a number of green open spaces and parks for children to play in, the Horniman Gardens and Mayow Park both offer a wide range of activity areas to keep children entertained. There’s also the newly refurbished Forest Hill Pools, which is a great place to spend a Saturday afternoon with the children when the weather is warm, and just next door is the retro sweet shop, Sugar Mountain on Dartmouth Road.
The area also has a good range of family friendly restaurants, cafés and deli’s to choose from which are very popular amongst the locals. The Dartmouth Arms is the preferred gastro pub in the area and serves some great British classics, and for something light and homemade, try the Aga’s Little Deli is a particular favourite among my team.