Once dubbed the 'West End' of South London, attracting well-heeled Londoners who traveled here for the healing spa waters during the 18thcentury, Streatham has long since made its mark. Today, Streatham is heading for a second heyday, as the redevelopment of the Streatham Hub continues to boost the area’s growing appeal. Located on the west side of Streatham High Street, is the investment project reigniting the area’s property market. It includes:
- Replacing the old Streatham Ice Rink with a leisure centre
- A recently opened 63,000sq ft Tesco supermarket
- Over 250 new homes and other retail space
- A health and fitness suite
- New bus interchange for Transport for London
Rohan Alleyne, Lettings Manager at our Streatham branch, notes, “As a result of such positive changes, “we are seeing a flurry of activity in both the lettings and sales markets in Streatham. A mix of families and young professionals are migrating from neighbouring Balham, Clapham and Brixton, looking for cheaper properties to rent. Buy-to-let investors are drawn to the good rental values achievable here and with first time buyers also keen to maximise value and make the most of this hidden gem; there something here for everyone."
Residential roads in the area are typically lined with a mix of 1930s Edwardian properties, Victorian houses with large gardens as well as a selection of period and modern flats. An average two bedroom property to rent ranges from around £1,350 to £1,700 per month. The Telford Park area is particularly sought after and includes popular streets such as Sternhold Avenue and Telford Avenue, where a family house can cost in the region of £2,400 per month. In the sales market, large family homes close to Tooting Common can command prices from £1 million plus, while mansion flats on Streatham High road can be bought for a bargain.
Falling mainly in SW16, but also within the more expensive SW2 postcode, Streatham is home to a diverse, lively local community, a choice of parks, street markets, as well as annual events such as the Streatham Festival. With a number of state and private schools in the area including Henry Cavendish and Dunraven Secondary School, it’s easy to see why more people continue to be attracted to this area. Tooting Bec Lido, serves locals in and around the area while Streatham Common offers views across South London; and beside it are manicured grounds of the Rookery. Despite not having the tube, the area connects local commuters to Central London through a good bus network, and trains running from Streatham, Streatham Hill and Streatham Common. Whilst the A23 is undoubtedly busy, it offers easy access into Gatwick and Brighton - what’s not to love about Streatham?
For more information about buying, selling, letting or renting in the area, contact our Streatham branch.