During the lockdown while working from home in a cramped apartment with no living room and no bedroom in Camden Town, north-west London, was a sobering experience for Richard Trevor.
Last fall, he was looking for something better and fell in love with a stylish apartment in a place he had never even visited – Blackhorse Road, E17.
âI didn’t know the area and my only impression was that it was miles away,â says Trevor, 28.
Since moving in November, Trevor has enjoyed an “almost luxurious” lifestyle at Blackhorse Mills, a project with its own tennis courts, a rooftop terrace, a heated outdoor pool and a gym. . And this move changed her life in more ways than one.
He was disillusioned with his office job, working for an animal rights charity. So when he discovered Blackhorse Workshop, with a studio space for makers, he stopped making reclaimed wood furniture and now sells pieces on Etsy and Instagram (@richergrains).
Trevor’s story is proof that Londoners trying to scale property ownership should be prepared to think outside the box when it comes to location.
You might be determined to live in the leafy Crouch End or bustling Brixton, but if you look at lesser-known but nearby options you might find everything you need and save tens of thousands. of books.
Average price of a T3: Â£ 372,060
Average price in Upper Clapton, 3 km: Â£ 405,120
The workshops, warehouses and industrial areas of Blackhorse Road are quickly replaced with new homes, in a regeneration project with a difference.
In addition to new apartments, small studios for craftsmen and creatives are bringing this somewhat forgotten place in east London to life.
Unlike neighboring Walthamstow, there isn’t much going on in Blackhorse Road. But a huge influx of investment will change that and the signs are already there.
Blackhorse Workshop, where Richard Trevor’s new business is located, also offers courses for locals, while the Walthamstow Wetlands project has opened a chain of Victorian reservoirs as a nature reserve.
âIt was a real selling point for the region,â says Trevor. “It is incredibly beautiful – you wouldn’t know you are in London.”
Trevor now plays beach volleyball once a week at a local sports center and has tried Yonder, an indoor climbing venue. Local shopping is still basic, but all along Blackhorse Lane new places are appearing, such as Truman’s Social Club.
Trevor hopes that as more people move into the new apartments being built around Blackhorse Road, more cafes, restaurants and nightlife spots will start to appear. âThis is probably the only real shortcoming,â he says.
As for property prices, you can buy a two or two bedroom house locally for around Â£ 550,000, while a one-bedroom apartment would cost around Â£ 300,000.
Average price of a T3: Â£ 424,760
Average price in Brixton, 3 km: Â£ 497,550
Once a popular health spa, Streatham has missed the gentrification that drove prices up all around. But James King, director of Jacksons estate agents in Streatham, says buyers outside of Brixton, Clapham and Balham are starting to experience the delicacies of SW2 / SW16.
âIn Balham you would be hard pressed to find a property for Â£ 400,000 but here you can get a really nice two bedroom house for less than that and Streatham is just as nice. Millennials are drawn here because you’ll find plenty of friendly bars, shops, and brunch spots.
Tooting Common and its lido are just west of Streatham, and another selling point is its fast train connections to central London – you can be in Victoria in under 20 minutes. Its main street is also improving.
âWe’re seeing lots of stores and restaurants popping up in the area,â says Jordan Pearman, director of Dexters real estate agents.
Streatham has a large number of vintage conversions for sale – and you can still buy a one-bedroom apartment for under Â£ 300,000.
Average price of a T3: Â£ 442,150
Average price in Crouch End, 1 mile: Â£ 528,510
If you are looking for a small, leafy London village, Green Lanes, the beating heart of London’s Greek and Turkish communities, is not for you.
For starters, this north London thoroughfare is not particularly green, although Alexandra Palace Park and Finsbury Park are quite close.
There is no Waitrose, no Gail’s Bakery, and you’ll be hard pressed to find a chai latte. But Green Lanes, just across the tracks from the East Coast Main Line, has an atmosphere to spare.
Every evening the whole street lights up as people travel from all corners of London for an authentic dinner. The shops stay open late, while the atmosphere is unpretentious, unique and strangely festive.
If you want a break from Mediterranean cuisine, try one of the local pubs, like The Finsbury, which has music or comedy almost every night. Or grab a cocktail at Jam in a Jar.
For shopping, other than the basics or a few rather blingy examples of gold jewelry, you’re looking to stroll down to Crouch End, or Islington is a half hour bus ride away.
Average price of a T3: Â£ 447,640
Average price in Greenwich Village, 800 meters: Â£ 498,500
Deptford High Street, SE8, is partly book shops, pawn shops and mini markets, partly fantastic restaurants such as dreamy Italian Marcella, street food stalls at Deptford Market Yard and organic wines at Winemakers Club.
Deptford Market is junky but fun – Douglas Way’s yard stalls are a treasure once in a while, and the food stalls are great value. Deptford Cinema needs a permanent home, but is back with a series of pop-up screenings, while the Albany Arts Center hosts theater, live music, dance and comedy.
As for housing, there is no shortage of new and almost new apartments, as well as period transformations.
âThere is a good mix of properties, as well as the regeneration of Deptford High Street and Deptford Market Yard, with new shops, restaurants and bars emerging,â says Nick Jane of Winkworth.
Average price of a T3: Â£ 421,780
Average price in Victoria Park, 1.6 km away: Â£ 433,940
They’re just a mile apart, but Bow, an old-school east London outpost, has an entirely different vibe than the affluent and fashionable village of Victoria Park.
Heavily bombed during World War II, Bow was rebuilt with low-end social housing. Now, however, it is being rebuilt again, with 8,000 new homes planned, as well as new cafes, restaurants and shops, as well as the opening of the River Lea.
For Zone 2, the value in Bow is hard to beat. One one bedroom, but-
an apartment built would cost just over Â£ 300,000 and the old council would cost considerably less, with a 20 minute ride to Canary Wharf or the town.
Emily Cameron and Oliver Brookes, both 27, live in Bow with their cat, Wilbur, and spaniel, Mabel.
The couple, who both work for men’s healthcare company Numan, chose the area largely because they needed a place to walk Mabel, and Victoria Park is just to the north.
âThere are also a lot of really cool ads,â Cameron adds. âThere are all the shopping you could want, the Roman Road Market is really good and the Victoria Park Market has food from everywhere you can think of.â
Right now the area is a bit grainy. But Cameron says she never feels unsafe.
There is also a thriving cultural scene with places such as Bow Arts, with its yoga classes, film screenings and artistic performances, and the Chisenhale Gallery, the local center for contemporary arts.
Hamptons Average Home Price Data