Best Area To Buy A House In London – Spring break is the perfect time for consumers to research their next move.
Why not add to your search for the perfect family home and a day trip or two to explore some of the hottest areas offering affordable homes near high schools and green spaces?
Best Area To Buy A House In London
Of the 6,600 new properties currently listed on Rightmove, only 440 are homes. Only 161 of them are worth less than £1 million.
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Chobham Manor, one of five new estates to be created on the site in 2012, Taylor Wimpey has a selection of houses and flats from £790,000 to three-bedroom flats with private gardens and terraces, a car.
Chobham Manor is close to the park’s playground and wetlands, making it a great choice for families, while Stratford Station (Zone 2), with a range of rail links, is a short walk away.
Totteridge Place, owned by Crest Nicholson, is an apartment complex near one of London’s wealthiest villages.
The apartments are situated around a central farm and are within walking distance of Totteridge Whetstone Station (Northern Line, Zone 4).
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Totteridge is on the edge of north London’s green belt and there is plenty of open space around Totteridge Common, while Whetstone has plenty of shops and cafes, a Waitrose and some smart gastropubs.
The area mentions the style of education. St John’s CofE Primary School and Alma Primary School received ‘good’ Ofsted ratings, as did the local secondary school, Finchley Catholic High School.
There is a desperate shortage of new family homes being built in London, which means crossing the M25.
Ascot’s luxurious red brick house in Brompton Gardens is set in mature woodland and is within walking distance of Ascot High Street.
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The Chilterns and Surrey Hills are close by, as is Windsor with a wider variety of shops and restaurants than Ascot residents can offer.
The train to Waterloo takes over an hour and the local school is busy. Three-bedroom apartments start at £795,000.
After trying and failing to find a suitable family home in London, Heather and Philip Dean decided Ascot was their best bet.
Dean heads to Ascot: Merylisse, 9, Philip, 49, Heather, 46 and Daniel, 11 will move next year
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Early next year the family will move into a £1.4million four-bedroom home in Berkeley Homes’ Brompton Park.
They were selected from the main schools in the area and the children are now enrolled in Victuallers licensed schools.
“Living across the street from one of the best schools in the country is great because the kids will be able to participate in so many extracurricular activities on our doorstep,” said Heather, a personal trainer.
By moving to Ascot, the couple could buy a house big enough for Heather to run her personal training business from home, while Philip, a finance director at an asset management firm, would commute to his London office. They also love the forest in their new home.
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The suburb of Surbiton is a dark horse. It’s basically in Surrey outside Zone 6, but the train connections are excellent, with a fast service to Waterloo in less than 20 minutes.
“People in south-west London can trade up to a one- or two-bedroom house and can trade up to a Victorian house in Surbiton for £500,000,” says Karl Matier of Savills Esher.
“If they’re looking for something bigger, a mid-thirties semi-detached house in good condition can fetch between £800,000 and £1.2 million depending on the size.”
There are good shops including Waitrose, a good coffee culture, weekend farmers markets and a leisurely stroll along the River Thames is lovely.
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Particularly important for the family market, Surbiton’s schools are top rated: St Andrew’s and St Mark’s CofE Junior School and Tolworth Infant and Nursery School both receive top Ofsted ratings, while Tiffin School in Kingston is one of the UK’s highest performing secondary schools. and there is no ideal school to avoid.
Tring, a small market town nestled in the Chiltern Hills of Hertfordshire, has everything families are looking for in one place. Its schools, on the main road out of the capital, are excellent, and this lovely little gem is within easy reach of Aylesbury High School.
Commuter connections are fast: services run to Euston in just 37 minutes. The countryside around the Chilterns is stunning and full of golf courses, horse riding and beautiful walks.
Although not well-traveled, Tring has an excellent high street with a variety of good pubs and restaurants and plenty of shops. St Albans, which is much more expensive to live in, is close to many options. House triring starts at around £600,000 for a four-bedroom family home. Almost two-thirds of London can be classed as an active seller’s market, despite the country’s third largest block and limited amenities – as outlined in the Prime Minister’s map this week.
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According to new research exclusive to Homes & Property, 61 per cent of postcodes are in a hot seller’s market with more buyers than homes for sale, making it easier to get a home quickly.
An analysis by property sales advice website The Advisory (theadvisory.co.uk) based on the number of homes sold compared to the number advertised in the area, rose from 39 per cent in July to 61 per cent in January.
After 2020, sellers stop in January. Several factors mean people are less likely to get tested: increased talk from the government about the new virus, a well-publicized tough stance by law enforcement to stop people breaking lockdown rules and children to stay home.
However, instead, Savills reported a record number of new buyer registrations in January, fueling the supply-demand imbalance.
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“If the first sanctions taught us anything, it’s that buyer demand doesn’t fall under sanctions, it comes back and concentrates, leading to further growth when sanctions are lifted,” said Gavin Brazg, founder of Advisors. .
The number of families moving from inner London to the suburbs last year has opened up savings for first-time buyers, according to Rebecca Stott, first-time buyer consultant and founder of FoundIt London.
For Stott, the busiest prices are up to £600,000 as his clients, with the help of mum and dad’s bank, try to find a family home as opposed to a traditional buy-to-let.
He claims that the market has become proprietary. “Gone are the days when buyers will buy something next door knowing they can sell it a few years down the line, make a profit and move up the ladder,” he explained.
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“Now the priority is a private garden and a room that can easily change purpose. “Even a side door directly from the garden – in this time of disaster – is really a big need and can start a competitive battle,” said Stott.
However, families after the first foreclosure moderated the population of the region, which means that there is more demand for houses for sale.
The PropCast map reveals the hotspots for demand are the South East and North East, led by Walthamstow.
North of the Thames, the warmest clusters lie on either side of the Lea Valley, including Tottenham, Hackney, Highbury and Islington and Walthamstow.
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The south-east area of the postcode identified on the map stretches from Woolwich to Eltham, to Camberwell and the suburbs of Crystal Palace. It includes the leafy towns of Dulwich and Lewisham.
The coldest areas follow the Thames in central London, running east and west to Westminster and Holborn at the bottom of the ranking.
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Walthamstow offers better value than central east London and the best properties sold within four weeks, according to Foxtons’ Saima Razaq.
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The average two-bedroom Victorian terrace in Walthamstow Central can cost the same as a two-bedroom house in Islington, Shoreditch or Stoke Newington.
“Walthamstow offers variety and lifestyle at affordable prices. Locals hold street parties regularly and there are plenty of cafes and restaurants,” says Razaq.
“Our typical buyers are young couples selling their townhouses and buying a house here. We also have a lot of first-time buyers moving from renting in places like Hackney, Dalston and Brixton where buying isn’t for them. It’s not an option,” he added. .
A report published earlier this year by consultants JLL estimated that 105,300 new homes will be delivered by 2040, while 23,500 will be built over the next five years.
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The new Motion Tower has shared apartments over 17 floors and is part of the Lea Bridge regeneration and Leyton masterplan.
Two and three bedroom properties are available in the building from £130,000 each