With prices in many parts of the city already beginning to fall, buying in London is a minefield. Striking a balance between liveability and getting a good return on investment is the trick we should all be aiming to pull off. Afterall, buy somewhere that’s already got too many tattooed men selling flat whites and you’ll end up paying the price later when you realise values in the neighbourhood have topped out. Equally, buy somewhere that’s cheap, but far below the radar for cool hunters and you could end up with the same problem.
We’ve picked out some areas in the north, east, south and west of the city that have that perfect trade off between up and coming property prices and great liveability. We’ve also included a few neighbourhoods that will turn out to be red hearings if you’re expecting a good return on investment.
Do buy in… Hornsey
Hornsey has to be one of the most undervalued neighbourhoods not just in north London, but possibly the whole city. Its stock of edwardian and victorian houses is fantastic, the parks and pubs are great too, with Alexandra Palace, a huge music and events space towering over it all. Although its central avenue of shops and businesses isn’t quite up to the standards of neighbouring Muswell Hill and Crouch End yet, it’s perfectly serviceable. Buzzing Harringay Green Lanes is right next door too, with the best Turkish food in the city.
Try a 3 bed detached house with Alexandra park on the doorstep:
Although pleasant enough to live in, Islington has had its day if you’re hoping to make a good return in a few years time. If you are set on living here you will still find some cheaper properties around Holloway Road, but liveability drops the further north you go.
Do buy in… Victoria Park
Victoria Park is a huge green space in what’s probably London’s coolest borough, Hackney.