According to the latest Emerging Prime Index, Clapham property prices are driving growth in London: one of the largest property safe havens markets in 2015. The leafy SW4 district has continued to provide a hot investment option for homeowners and investors with its array of Victorian and Edwardian villas. Since we first set up base in Clapham Old Town, the Winkworth team has become familiar with this vibrant pocket of London that has is beloved by locals and fresh patrons. The Clapham heartland Clapham’s cultured vibe has made it an integral commuter and residential heartland in the south London. The typical Clapham market today, which is dominated by grand Victorian property and a handful of Georgian and St Anne homes around Clapham Common, is now populated by a vibrant mix of established residents and waves of young families, City workers and professional investors. The south-west district is a well-established historical and business neighbourhood in London. Since the Medieval era, with a community of less than 100 people, Clapham quickly grew as a fashionable area for London’s wealthy elite away from the smog of London’s central industrial heart. Noted historic figures who have been housed in Clapham property include Henry Cavendish, Benjamin Franklin and William Wilberforce: a key figure in the abolition of slavery. Today, the accessible SW4 area is lined with exceptional eateries and unique bars around Clapham Common, an art scene that ranges from the historic to the contemporary and events, such as the Big Ice Screening, that make the most of Clapham's green spaces. Clapham's mix of great transport links, period homes and urban culture has resulted in its rapid popularity as a residential and commercial hub. It will also be home to London's first underground farm: Growing Underground. Set in a disused Second World War bunker – one of many in SW4 – the start-up is a landmark eco project that will provide produce to restaurateurs in Covent Garden this year. An unquestionable property hotspot If the history of Clapham isn't enough to pique your interest, growth statistics over the past few years have detailed its underlying popularity as a top property hotspot. Clapham and Fulham house price rises were cited as a fundamental factor in a London boom in 2012, while prices were 37% higher in Q2 of 2014 than a year previously. Clapham’s close proximity to the new Crossrail route -due to be completed by 2019 - propelled the area into 2015 as a property hotspot to watch. During the past year, Clapham Common property prices – a sought after space – have risen to an average of more than £880,000 while the average asking price in the overall Clapham area is now more than £740,000. Due to its pleasant and accommodating lifestyle, developers are marketing SW4 as a holiday alternative for existing residents and buyers. Since stamp duty reforms were announced in the autumn of 2014, investors have been increasingly drawn to Clapham’s peaceful enclaves and original property features, which have remained popular despite a luxury property bonanza in places like Kensington and Knightsbridge in May. As infrastructure developments continue to shape the capital's next set of exclusive neighbourhoods from now until 2020, London's major transport hubs have been earmarked for particular success. Developments like Houghton Square have been constructed amidst rising demand from an array of buyers looking to take advantage of Clapham's central success.
This June, the resolve of Londoners has been challenged, but as usual, London has stood firm and unashamedly defiant.
June 20, 2017
The intrinsic links between property and business sectors are striking. It’s not just homeowners that want high houses prices in the UK. It’s also the Treasury, which came in receipt of an extra £1.1bn as a result of Stamp Duty surcharge yields; the banking sector as mortgage lending hits its highest rate (January ’17) since 2008; and British businesses, who rely on confidence micro and...
April 20, 2017
Find your Local Office
Speak to people who, quite simply, love their patch and love what they do.
Get a Free Valuation
Thinking of selling or letting your property, or just interested to know what it is worth nowadays?