The Ealing market, like many other areas in London, suffers from a shortage of saleable properties. Properties that are put on sale for a reasonable price, usually sell within the first few days or viewings.
Ealing, in the past, has often been referred to as Chiswick’s less affluent neighbour. Nowadays this is becoming a distant memory, with regeneration and new developments the area is fast becoming an extremely popular London suburb for buyers. For those living in Ealing, the area boasts multiple transport links into the West End and City of London and many green spaces.
Comparable areas in regards to price of property are Acton and White City, in my opinion, Ealing offers much more than these areas as a place to set up a home. Many pockets of Ealing are very family orientated and boast tight knit communities.
There are many improvements in the pipeline and so now is a good time to buy, the prices in Ealing have already began to increase but you can guarantee that once the Crossrail has opened linking Ealing to Canary Wharf and Heathrow directly there is likely to be a significant rise in demand and property values.
One recent large development still under construction is Dickens Yard, these new build apartment blocks have been extremely popular with UK and overseas buyers, the agent selling the block recently told Garrington that many of the apartments have now been bought as rental investments, as they offer a good yield relative for London. With many tenants turning to ‘fringe’ areas as they are priced out of the central London rental market, Ealing is fast becoming a popular alternative.
Another new development that will change West London’s skyline is The Apex and neighbouring Garden Court, comprising of 100 flats between the two buildings. As with Dickens Yard these apartments have been exceptionally popular and have now virtually sold out, with completion of building works set for autumn 2014.
Although Ealing has an exciting future ahead the area has an interesting history; Ealing film studios, taken over by the BBC in 1955, have produced several well-known films most recently including Notting Hill and The Importance of Being Earnest. Notably the Ealing Jazz Club, opposite Ealing Broadway station, has played host to the likes of Rod Stewart and is the venue where Mick Jagger and Keith Richards, of The Rolling Stones, famously first met Brian Jones in 1962.
Ealing is a very appealing area of London at present and will only continue to improve with time, demand is constantly increasing, and with so much competition having a London property finder on the ground can significantly improve your chances of securing a property.