Best places to live in London – Balham
Published Aug 20th 2015
2 mins read
Lying between Clapham South and along the edges of Streatham and Tooting, Balham is a part of the London Borough of Wandsworth, transformed over the past 200 hundred years from the hamlet of farms and country houses to one of the most desirable residential districts in London. The major developments began outwards from the station, after the extension of the nation rail services to the south of London, and much of the original street layout still present today. The area is rich with diversity of architecture distinctly Edwardian and delightful late Victorian homes.
Wandsworth, with 1600+ acres of green space surrounding Balham properties, is a major reason for its popularity. Flat conversions, Victorian mansion flats and the Art Deco style Du Cane Court are popular with young professionals, which also benefit from the excellent transport links into the city. Families enjoy the low crime rate, reputable local schools, variety of outdoors activity for children and friendly community atmosphere. Those who are moving to the South London, but struggling to afford Abbeville Road, Clapham or between Battersea area, often chose to buy property in Balham due to its current prices at 10 per cent lower than the aforementioned areas.
One of the biggest advantages of living in Balham is the low rates of the Council Tax.
Balham property prices, particularly in one of the most elite areas of Nightingale Triangle, significantly increased in recent years by 20-30%. According to Land Registry the average property sold price in Balham for March 2015 was £178,300. Many properties are bought for buy-to-let purposes, thus Balham’s letting market offering a wide diversity of options. Buying Balham property, purchasers still get a bit more for the same money than in neighbouring areas of Clapham and Northcote Road, however, the gap is closing. Average price for one-bedroom flat is £260,000 where two-bedroom flat will be3 around £380,000. House prices start from £ 490,000 and may fetch up to £900,000.
If you would like to learn more about Balham or indeed other parts of the London property market please contact us