Moving out of Central London is no bad thing and more people are choosing to do so as suburban living is on the rise. Here is what to consider when buying in the suburbs...
Moving out of Central London is no bad thing and more people are choosing to do so as suburban living is on the rise. While Central London has an unmatched transport system and a wealth of job opportunities, the price of living is extremely high for most people. However, London doesn't have to break the bank. As buyers look for more value for money, the city suburbs provide a more affordable alternative to the prim flowerpots of an SW1 postcode. Here are a few of our favourite reasons to invest in the suburbs:
With many having to commute into the city for work, the plethora of transport links available makes suburban living ideal. From tram to bus, to the overground and tube, there are multiple options available throughout London's suburbs. Suburban trains can be just as quick to travel on as city centre transport, and indeed it can be quicker commuting in than travelling across London. The added bonus of not having to struggle to squeeze onto the tube is yet another enticement for buyers.
Bexley, located in South East London, is a suburb close to the Abbey Wood stop on the new Elizabeth line. While Bexley already boasts good transport links into the city, the introduction of the Elizabeth line means the journey into the to the West End will be less than half an hour. Bexley prices also average £371,996, considerably lower than it's prime location counterparts.
Havering is another option, just off the Romford stop on the Elizabeth line. Having been voted one of the ten happiest boroughs in London, plans are underway to build 3,500 new homes, so it's the perfect choice for anyone looking to get a boost in both money and mood.
West London boasts Ealing, also on the Elizabeth line. It's a popular destination for families due to its good schools and family-sized homes â€“ not to mention the relatively lower average property price of £584,314.
This striking Victorian cottage is conveniently located on a quiet residential street with fantastic transport links. A unique spiral staircase leads to the two bedrooms from the open dining room and living room area. The bright and modern kitchen extends into a charming west facing garden. A wonderful property offering lots of light in a perfect location.
For more information on this property, or to view other properties in the area, contact Winkworth Ealing.
Value of property
One key reason for moves from the capital to the surrounding suburbs is the relatively low property prices. Suburban properties ranging from flats to terraced and semi-detached homes offer much more in terms of space and assets such as gardens than those in the city centre.
Barking, Dagenham, Havering and Enfield, to name a few, are some of the most affordable neighbourhoods in London, Enfield in particular has a surprisingly low average property price of £472,069. It is currently undergoing regeneration, and plans specify the construction of around 10,000 new homes and a new train station in the up and coming Meridian Water area over the next few years. Most of the properties are terraced and semi-detached homes that truly give you value for your money.
This spacious three bedroom semi-detached home is located in the popular Willow Estate area in Enfield. The large living room and bright kitchen make it a great family home, not to mention the beautiful private rear garden.
For more information on this property, or to view other properties in the area, contact Winkworth Enfield.
There's no question that suburban living offers an oasis of green ranging from local parks and communal gardens to private gardens the whole family can enjoy. Many semi-detached and terraced properties tend to have an outdoor garden space attached, an asset that is much harder to come by in Central London. With less pollution in suburban areas, the superior air quality is also another pull for those looking to lead a healthier lifestyle.
Located in North London, Haringey is home to beautiful green spaces and most homes come equipped with beautiful private gardens. Home to Green Flag Award winning parks, specifically Lee Valley Regional Park one of London's largest open spaces stretching 26 miles long. Located alongside the River Lee, the park is home to most of the town's community events where children and families can enjoy an array of outdoor activities.
This spacious four bedroom Victorian terraced home is located directly off Harringay Green Lanes. The perfect location close to a selection of restaurants, cafes and parks. The home is beautifully designed to give a contemporary feel, but the major selling point is definitely the south-facing rear garden equipped with a beautiful patio for entertaining.
For more information on this property, or to view other properties in the area, contact Winkworth Harringay.
Close knit communities are also another huge draw for those moving into the suburbs, especially for those with children. As neighbours tend to be friendlier than in the city centre, and local events such as fetes are held throughout the summer months, it is a lot easier to get to know, and get involved with, the local community.
The South London suburb of Sutton is a top destination for families. It has an outstandingly low crime rate and provides some of England's highest Ofsted ranked schools, making it a haven for families. Sutton is also home to community and sports centres and has a museum and other activities for children to enjoy. Homes in Sutton range from terraced properties to semi-detached houses and sell for an average price of £430,628.
This family-friendly four-bedroom home in Sutton is conveniently located near numerous outstanding schools and a variety of shops and restaurants. Equipped with two large reception rooms, a playroom, modern style kitchen, and three bathrooms. In terms of green spaces, a large rear garden extends approximately 100 feet with a beautiful patio for entertaining.
For more information on this property, or to view other properties in the area, contact Winkworth Cheam.