Garrington London property finder, Mellony Morgan, believes there is still a stigma about living in south east London. Yet, there is so much potential being overlooked as south east London property offers a fantastic opportunity for potential buyers.
Many people look at the tube map and see little to the south east of London when in fact there is an abundance of green space, great schools and continuing improvements to transport links in and out of the centre. South east residents can be confident that with the Docklands Light Railway (DLR), The London Overground, Thames Clipper and the improved National Rail services, transport is equal to any other area of London. This will further improve in 2018 with the long awaited arrival of Cross Rail.
South east London property regeneration
Since the 1990’s the improvement in transport infrastructure has had a significant effect on south east London property. In addition, continuous regeneration has been taking place across the area with previously rundown areas such as Lewisham, New Cross, Greenwich Peninsular, Bermondsey, and Rotherhithe rapidly becoming more desirable to accommodate the growing demand, particularly among young professionals and families.
Woolwich Arsenal, a 76 acre brown field site, now hosts The Royal Arsenal Riverside development, a whole new world of beautiful four bedroom town houses, warehouse apartments and a gastro pub where ‘yummy mummies’ meet.
Kidbrook Village, a prolific development on the doorstep of Kidbrook Station, is currently underway on the site of the infamous Ferrier Estate, a large haunting social housing estate built in the 1970’s. In its place will be 4,800 new homes with the first phase of property now available including luxury penthouse flats and mews houses.
The Overground, which runs through Surrey Quays, boasts an enormity of modern flats with many in a parkland setting and some overlooking the Thames and the impressive view of Canary Wharf. In this area is another significant development called Maple Quays close to Canada Water and Dockland Light Railway and tube station.
The old established areas of south east London including Blackheath Village, Dulwich Village, and the historical Greenwich have lost none of their charms, and are still rich with parkland and beautiful period architecture. These areas achieve some of the highest south east London property prices with recent sales being in the region of between £550 and £800 per sq ft in comparison to the £1000 per sq ft plus than those found in central London.
With the continuous rise in central and west London property prices, purchasers shouldn’t be frightened to look at south east London property as this is certainly an area to consider for all types of buyers.
If you would like more information on the opportunities south east London property has to offer please contact our London property finder team.