Investing in the Prime Central London property market can offer a great financial return but what lifestyle and accommodation can it offer a young family?
We keep hearing about hoards of young families moving out of Prime Central London towards areas populated with good schools, bugaboos, and bumps and baby groups. The migration to areas such as Fulham, Wandsworth, Clapham, Battersea, Dulwich to name but a few is putting immense pressure on the limited supply of desired family homes, sending the buyers’ market into overdrive, resulting in a mix of stressful open houses, best and final bids which are won and then gazumped at prices not far behind and on occasion exceeding those in Prime Central London, thus ending in more tears and tantrums from mummy and daddy than the babes themselves.
Prime Central London on most counts seems to be avoiding the aggressive nature of the surrounding areas making the choice to live there an easier one, not just for the capital appreciation but the lifestyle for all the family.
A day trip to the museums in South Kensington and an amble five minutes along Old Brompton Road may surprise you with the family friendly community feel. Restaurants with plenty of high chairs and coffee shops brimming at the seams with pushchairs and primary school aged children having just been picked up. It appears South Kensington is no different from Dulwich Village on an average afternoon, there is even a Rocca!
South Kensington and Chelsea is home to numerous good independent and state schools including French school Le Lycèe Franćes Charles de Gaulle which has enticed many French families to reside in the area adding to the family atmosphere. The popular Bousfield Primary School is rated outstanding by Ofsted and situated on Old Brompton Road.
Families living in South Kensington very often look at properties in popular squares such as Onslow Square and Thurlow Square consisting of large grand white stucco fronted properties, or Roland Gardens and Drayton Gardens large red brick mansion style buildings. And although Kensington and Chelsea property can achieve some of the highest values in London and beyond, prices for a three bedroom garden flat at approximately 1,500 sq. ft. can sell between £1,200 and £1,800 per sq. ft. Recently an un-modernised share of freehold three bedroom 1, 834 sq. ft. garden flat sold in Roland Gardens at £1,063 per sq. ft.
Garrington are experienced in dealing with the diverse and competitive nature of the London property market in Prime Central London and beyond, contact us today to learn how we can assist you.