Its official, Brixton is cool! For years I’ve thought that Brixton was one of London’s best kept secrets and it seems that finally the cat’s out of the bag. The surge in popularity over the last two years has been unprecedented with many now preferring it over its neighbour, Clapham. Property prices here have risen faster than those in SW4, and are now in the region of 25% – 30% higher since the start of 2013. The gap in prices is closing quickly and it’s certainly true that Brixton is no longer the poor relation of Clapham.
The start of the change came with the regeneration of Windrush Square, which sits in the heart of the town centre and today is an open landscaped square with benches, trees and fountains where young children can be found playing on a sunny day. Following that, was the revival of Brixton Village, a foodie mecca where dishes from around the world can be found and where London’s best pizza restaurant, Franco Manca, is situated.
The rising values have changed the demographic greatly and the area has developed a strong family market in addition to the young professionals who appreciate its proximity to town and vibrant bar and café scene. Indeed the transport links are a key driver among many of our younger purchasers, who find that on the Victoria line they can be at Oxford Circus in less than 10 minutes and obtain a seat in the process! For families, two excellent primary schools, Sudbourne Primary School and Corpus Christi Roman Catholic Primary School, are a major draw as are the wide open spaces of Brockwell Park with its lido. The attractive housing stock offers a lot more diversity than Clapham's, with smaller cottages for people looking for their first home and for families there are lovely four and five bedroom terraces and larger detached and semis from Brixton's former hay day in the late 1800s. Prices in Brixton range from £425,000 to £450,000 for a two bedroom flat without outside space, going up to about £500,000 if it has a garden. For a family house around Brixton Hill you might look to pay in the region of £850,000 while the same in the Sudbourne area might cost up to £1million.
Brixton’s rise looks set to continue and I very much expect that we’ll see prices overtake those of Clapham.