London might be enjoying a property boom right now, but there are still those housing hot spots that are just ripe for investment. We look at the neighbourhoods that are about to take their moment in the spotlight. First up, we take a trip down to Streatham in south London.
Venture beyond Streatham’s bustling high street into its tranquil Edwardian suburbs and sprawling parklands and you’ll discover a place that’s every bit as spacious, but much more affordable, than its more affluent neighbours Clapham and Dulwich.
With a mixture of £1m-plus properties, well maintained converted flats, and a growing supply of modern apartment blocks, Streatham has something to suit most pockets. House prices have increased 64%* in the past five years, so buyers can depend on a promising return whatever their budget.
SW16 is best for…
Greenery. Events like the Streatham Common Kite Day foster a lively sense of community, while the sloping lawns and babbling ponds of The Rookery gardens provide a tranquil escape for families and young couples looking to find a leafy retreat.
Bricks and mortar Telford Park conservation area boasts the best of the area’s three-storey Edwardian Arts & Crafts homes, with stunning views over Tooting Bec Common and the Telford Park Tennis Club right on its doorstep. Meanwhile, south Streatham’s pretty Edwardian rows boast spacious two and three bedroom flats.
High street hangouts Need to keep the kids busy? Visit the Capital’s only Olympic-sized ice rink on Streatham High Road, where independent cafés sit next to a vast Tesco superstore – the perfect blend of culture and convenience. For a family-friendly lunch, head to The Manor Arms on Mitcham Lane, or indulge yourself with award-winning sourdough pizzas at Bravi Ragazzi on Sunnyhill Road.
Seats of learning The all-ages Dunraven School is the cream of the local crop, with private options such as Dulwich College, James Allen’s Girls’ School and Alleyn’s School just 20 minutes’ drive away.
Commute London Bridge is 30 minutes by train from Streatham Common, while the proximity of the A23 means a speedy escape come the bank holiday exodus.
What’s the price tag? Prices for a two bedroom flat range from £375,000 for a new build to £550,000 for a spacious period conversion. Family properties start from £700,000 in the south, with houses in the Telford Park conservation area achieving over £1.5m.
Illustration: James Taylor/DebutArt