_The five London areas poised for future price growth

Victoria

Regeneration 

This central London neighbourhood has finally outgrown its reputation as a transport hub. Thanks to a substantial regeneration programme, Victoria has become an established residential neighbourhood that is attracting a younger generation of buyers and renters.

An area once famous for its workforce of civil servants and politicians now hosts the headquarters of Burberry and Rolls Royce. A series of new residential developments provide facilities which until recently had not been offered in the area.

Victoria’s infrastructure remains a big draw and prices in this once overlooked area are pitched below those in nearby Mayfair and Belgravia. 

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^{The Nova Penthouse. For sale through Knight Frank}

Battersea 

Employment hub 

Perhaps the announcement that Prince George will attend school in Battersea has helped, but this south London neighbourhood, across the River Thames from Chelsea, has been a primary beneficiary as buyers widen their search beyond traditional central London postcodes.

The longer-term redevelopment of the area is playing a more fundamental role in driving demand. Two new tube stations will open as part of the large-scale regeneration of the Nine Elms area, a project that is creating 25,000 new jobs and 18,000 new homes. Major new office tenants include the American Embassy and Apple, located at the iconic Battersea Power Station. 

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^{London’s Albert Bridge, connecting Chelsea with Battersea}

Bayswater

Infrastructure 

While activity in Bayswater has been more subdued in 2017, shrewd buyers know its long-term potential remains stronger than many central London neighbourhoods.

In addition to the area’s high-quality residential development pipeline, Paddington Station is seeing a wave of regeneration projects prompted by the arrival of its Crossrail station in 2018 and blue-chip companies including Marks & Spencer and AstraZeneca have already relocated to the area. Meanwhile, significant regeneration plans for Queensway are gathering pace. 

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Dulwich

Value 

Dulwich benefits from the long-term estate management that has enabled many prime central London property markets to thrive. In fact, Knight Frank analysis shows that price growth in Dulwich over the last 20 years is higher than anywhere else in the UK – yet it still represents relative good value for money.

With prices between £700 and £1100 per square foot, SE21 is better value than many prime south-west London markets. Dulwich Village has been a conservation area for almost half a century, and in addition to its finger signposts, independent shops and white picket fences, the exceptional quality of its schools, including the world-famous Dulwich College, play a major role in driving domestic and international demand. 

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^{Village Way, Dulwich Village, London. For sale through Knight Frank}

Chelsea

Repricing 

The City “bonus season” may not drive demand in the Chelsea property market as it once did, but transactions are rising in this traditional prime central London neighbourhood as sellers have come to terms with higher rates of stamp duty.

As a result, the price adjustment process is further advanced in Chelsea. While transactions in the first half of 2017 in prime central London were broadly flat compared to last year, Knight Frank analysis shows that Chelsea saw a 24% increase.

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