About time: You Moved South of the River ThamesBy Angelica Malin
There’s long been a battle between north and south London, with Hampstead, Camden and Finsbury Park to the north often being the preferred places to live, but there’s a growing trend of people seeking more house for their money migrating south of the river.
Clapham has long been a firm favourite for families, with large Victorian and Georgian red bricks at (slightly) more affordable prices, sprawling green areas, and a thriving café culture, but it’s now the turn of the urban cool kids to claim the Common.
This historical borough only three miles from central London is fast becoming THE place to live for younger professionals who still want the buzz of the capital on an evening, but also enjoy a soy latte after Bikram on a weekend.
Clapham’s rental market is strong, with rental prices 31% below the London average and with property prices around 31% above the capital’s average, it’s therefore a great place for both tenants and property owners.
A magnet for families, Dulwich offers residents a glimpse of Georgian charm with Belair House the backdrop to many a summer event.
With Grade II-listed pubs, plenty of parkland and excellent schools, it’s easy to why this south London borough is a preferred place to raise a family, whilst still being an easy commute to the financial district.
Average house prices in Dulwich are just under the million mark but offer more value for money in terms of square footage compared with other boroughs, with 4-bedroom properties averaging a lower sale purchase price of £575,000 however 3-bedroom properties within Dulwich tend to be significantly higher with an average guide price of £721,662.
Thanks to a massive regeneration project and easy train links from East Croydon to central London this borough tops the list for first-time buyers.
Rentals are about a third cheaper per square foot compared with more central districts and property prices are a whopping 42% below the London average, with over 15,000 new homes having been built in recent years.
It’s easy to see why this borough is popular amongst those looking to put down roots in the capital.
Brixton has long been synonymous with multiculturalism and the moment you step off the Victoria line, your senses are assaulted with the sounds, smells and sights of the Caribbean, north Africa, and East Asia, with a bit of British fusion thrown in for good measure.
Head to Brixton Village to experience the full diversity of this sprawling borough, or to the O2 Academy Brixton, one of London’s leading music venues, to experience Brixton at its most vibrant.
With house prices steadily increasing year on year, this southern borough is only going to gain in popularity.
So, what are you waiting for? Come and explore south of the river; you may even find your new home!