Monday 2nd May 2016
The huge developments taking place at Nine Elms are having a positive effect on the property market in Battersea. In the past three years prices in SW11 have grown by an impressive 33%. To put this into perspective, the growth in prime Central London over the same period was 18.6%.
It is well known that nearby areas can benefit a great deal from new developments and regenerations. The work brings attention to the area and offers the prospects for new jobs, leisure pursuits and improvements to transport links. Each of these can be attractive to buyers.
Battersea offers a wide range of attractions in its own right and draws all kinds of buyers. The area is popular with families with young children because of the close proximity to well-regarded private and state schools. Professionals are also well catered for with excellent transport links already in place and plans to build two new London Underground stations in the area with the expansion of the Northern Line.
One of the main attractions in SW11 is the multitude of green spaces. Battersea Park covers an impressive 200 acres in the North of the area and offers a children’s zoo, boating lake, bandstand and a wide range of sporting facilities for visitors to use. There is also Shillington Gardens in the centre and York and Fred Wells Gardens to the east. The south of the area is bordered on both sides by Clapham and Wandsworth Commons.
The housing stock in the area is largely Victorian, and holds value well because of the size of the properties and the stability of the prices. Newer builds can command a premium but they may also be more susceptible to market shocks. The older Victorian homes are also well regarded for their aesthetics.
As a team of experienced estate agents in SE11, we are happy to help clients searching for the perfect home in this area. We are based locally and can offer prospective buyers the benefit of our extensive knowledge so they can find a property that satisfies their criteria. We work with all buyers and will personalise the service to suit their needs, whether it is families, couples or young professionals.