Living in or near to a village in London can typically command a premium in the region of 51%. Research conducted by London estate agents, Kinleigh Folkard & Hayward in conjunction with Zoopla, has found that of the 24 London villages analysed, on average a £200,000 premium applies for living within a sought after village area. The research has found that while the average value of a property in London costs £456,802, a home in a village will cost closer to £691,046.
Further to this, Hampstead village, NW3 is the most expensive in which to live, with the average property value amounting to £1.5million, while Charlton village, SE7, is the cheapest in which to invest, with the average value achieving just under £300,000. There are also significant differences in price between two similar villages in close proximity to each other. For instance, living in Brackenbury village, W6 attracts a 27% premium than if you lived one mile away in nearby Brook Green.
The research complements recently launched village guides which KFH has compiled to sit alongside their already popular London area guides. The guides offer an informative and interesting overview of these key areas and villages within London, touching on the history and benefits of living there, while also including key details about transport links and local schools.
While many definitions abound for what typically classifies a village as such, most people agree that villages started out consisting of a relatively small cluster of houses centered around a church. The absence of a town hall and mayor definitively set villages apart from slightly larger towns in the 18th century.
London boasts many charming villages which can be characterised by green spaces, independent shops, weekend farmers markets and thriving high streets, in addition, good schools are often found in many of the village areas. These features provide a close-knit community which has become increasingly popular and sought after.
To view the London village guides on our KFH website, please visit https://www.kfh.co.uk/london/london-area-guides