This yr has seen a document excessive within the quantity of people shopping for houses, with house costs hovering.
With the stamp responsibility vacation and lots of Londoners opting to maneuver additional away from the town centre in search of inexperienced areas, two parts of outer London have grow to be the wanted areas within the nation.
One is leafy Chiswick, which has a median asking price of £969,350 and the opposite is up-and-coming Walthamstow, at £499,534 in keeping with Right Move.
The common asking price distinction between north-east London’s Walthamstow and polar reverse south-west London’s Chiswick is a staggering £469,816.
Walthamstow takes the second spot on the nationwide listing, behind Didsbury in Greater Manchester, with Chiswick coming in tenth place within the listing of most sought-after locations for consumers.
(Image: Will Bolam)
It’s been a massive time of progress for Walthamstow, as gentrification has seen the common asking price within the space rise by 116 % over the past decade – from £230,888 to £499,534.
The city boasts its personal wetlands, village and a complete host of cafes and delis, in addition to retaining its East End roots with its market and pie and mash retailers.
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This makes it a excellent spot to purchase for younger households, and people looking to get a step on London’s costly housing ladder.
Despite the common price nearing £1million, Chiswick is definitely the one location on the listing the place costs are decrease than this time final yr.
This might be as a result of London recorded the bottom progress of the English areas, with a 4.6 per cent rise in house costs, in contrast with the UK common house price rise of 8.6 per cent over the yr to February, in keeping with knowledge from the Office of National Statistics (ONS).
It’s no shock actually that costs in Chiswick are so excessive, because it neighbours Kew Gardens, boasts towering Georgian homes and is full of inexperienced areas to discover.
What do you consider these two locations taking the highest spot? Do you agree they’re the most sought-after areas in London? Let us know within the remark part right here.