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  • 5 areas to target when looking to buy in London zone 1

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To
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  • 500 K
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  • 800 K
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  • 1.5 M
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  • 2.5 M
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  • 1 K
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  • 1.6 K
  • 1.8 K
Dated:
Oct 16, 2022
Read Time:
Topic:
House Prices, London

5 areas to target when looking to buy in London zone 1

London, one of the busiest cities in England, covers 0.65% of the land area of the UK. Due to the competitive nature of property ownership, there is a rise in house prices. Still, the capital city is highly appealing to homebuyers. Truly, no one can predict the price fluctuation in the property market. That is why property investors like to buy homes to avoid costlier deals in the future.

What is London Zone 1?

Covering more than 600 square miles, the capital city has 270 Tube stations and 32 boroughs. London is divided into 9 different zones, and several property buyers target zone 1 to find real estate for sale. Zone 1 refers to Central London. So, which areas in London zone 1 are best for investors?

Kennington

Located in the Bendigo Region, Kennington has more than 5,640 residents. Over 30% of occupants reside in rental houses.

Kennington has an attractive neighbourhood, and it is the best place to buy residential houses. The communal space and Georgian homes are the major attractions of residents. Foodies also find Kennington the right place for them because they can enjoy different cuisines like Vietnamese, Portuguese, Persian, and French.

Another noticeable thing is that Kennington presents you with cafes, gardens, tennis courts, athletic fields, and playgrounds.

In the north of Kennington, there lies Lambeth, while Camberwell is on the east. Brixton is on the south, whereas Vauxhall is on the west. However, the property investors mostly prefer Kennington Triangle because of its central location. They feel that this area can give the best value for their investments. Located between Kennington, Lambeth North, and Vauxhall tube stations, there are Westminster Abbey and the Houses of Parliament.

But, there is a rise in the price of the apartments in the Kennington Triangle. A Georgian-style house with 1,500 square feet on Cleaver Square had a rate of £698,500 a decade ago. Today, there is a significant increase in price rates by 93%.

Notting Hill

With a distinctive neighbourhood, Notting Hill is a highly recognized place for media industries and fashion. This magnificent place has diversified housing, and it has attracted lots of professionals. From conventional apartments to mansions, several options are available for you. Based on your priorities and budget, you can select the right type of property.

You can look for London zone 1 estate agents to find accommodation, which is adjustable to your needs. Notting Hill is an environment-friendly area with lovely parks. Moreover, it has private garden squares encircling residential houses.

There are also District line stations to connect you to the remaining parts of London. You can easily reach Paddington station and Heathrow Airport from your accommodation in Notting Hill.

The multicultural community is another attraction of Notting Hill. While residing in this zone, you will enjoy socio-economic well-being and rich culture. Moreover, the Notting Hill Carnival held every year appreciates the Afro-Caribbean culture. The Portobello Road markets also have gained recognition for selling souvenirs, fashionable wear, and antiques.

The most remarkable fact is that the current epidemic has declined the cost of the house. Although the future is unpredictable, it is good to invest in suburban properties. However, as there is a pricey neighbourhood, you can look for discounted rates.

Gloucester

Several house hunters like to buy property in Gloucestershire due to affordable price rates. On average, the cost of a house is around £247,137. You will also find several options, ranging from historic buildings to modern apartments.

Families with kids may prefer Gloucester, as there are prestigious schools and colleges to build a career. Again, Gloucester Dock is the right place for those who love waterside living. The gorgeous backdrop, shopping centres, dine-out options, and several other amenities attract property buyers. The idyllic ambience contrasts perfectly with the bustling city life. It does not take much time to move to the central part of the city.

Most importantly, the availability of attractive job opportunities draws the attention of homebuyers. Big companies like Barnwood Group and Mears Group are headquartered in Gloucester. M5 is easily accessible to anyone residing in this city.

South Kensington

South Kensington is one of the most affluent areas in London, and thus, the property price may be higher than that of other regions. Interestingly, French and Italian buyers and other foreign investors have been attracted to South Kensington. Thus, you may not find a large number of native Europeans in this zone. Although there are several French schools in low-cost zones like Wembley and Battersea, French buyers prefer South Kensington. Moreover, South Ken is known for stucco terraces, garden squares, and famous museums.

Victorian-style houses are very common in South Kensington. However, iconic redbrick buildings have been converted into flats. You will also find mansion blocks and terraced housing in this region.

South Ken gives high importance to culture and science. That is why the most renowned universities and museums are located in this district in London. It presents you with a lively scene that includes shopping centres and eateries. Talk to your estate agent to find the best property in South Ken.

Clerkenwell

Clerkenwell falls under London zone 1, and it significantly reflects British creativity. In the medieval central part, you can find the presence of several creative businesses. Clerkenwell has attracted different professionals ranging from tech specialists to designers and architects.

Clerkenwell is a rapidly evolving zone with thriving villages. In future, there will be more transport links to make it easy for you to move to different sites.

Average prices of properties can range from £270,000 to £843,000. Estate agents have claimed that first-time buyers are ready to invest £500,000 in buying property.

Property buyers who like to buy in London zone 1 can visit the platform TRPE. It is one of the prominent sites providing professional guidance to property buyers, sellers, and real estate agents. You will also find solutions about property lettings in the UK. The comprehensive area guide, property valuation, and several other services are advantageous for investors, sellers, and developers.

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