Peckham named London’s coolest neighbourhood for a 2nd time
- 15th November 2019
- Buying Property News
Redevelopment has caused South London house prices to grow faster than any other area of the UK
Now a two-time winner of London’s coolest neighbourhood, Peckham has undergone a transformation in recent years causing a spike in property prices. The hipster hotspot has become a vibrant hub of bars, cafes and markets.
Developments in infrastructure through improved Overground links to the transport hubs for central London such as Clapham Junction have made it a prime location for young professionals and families. This has been boosted further by improvement to local schools and community programmes.
These investment programmes have had a huge impact on the rejuvenation of the area. Campaigning of local group Peckham Visions has led to the reclamation of rundown buildings and multi-storey carparks turning them into popular destinations such as Frank’s Café and Bussey Building, firmly putting Peckham on the map.
With cultural spots like the Copeland Gallery and pop-up restaurants catering to an older foodie crowd, the area now appeals to a widening demographic.
This process of gentrification also termed the “Peckham effect’ has seen the largest rise in property prices of any part of the UK. Research shows SE15 values have exploded by 1,082 per cent in the last 25 years.
Increases in property and rental prices can be seen all over South London due to increased popularity of this area, amongst young professionals who want more for their money.
Stephen Ludlow, Chairman of ludlowthompson says ‘Peckham is now viewed by many as the new Shoreditch with its trendy bars, eateries and a buzzing nightlife.”
“Its mix of traditional Georgian buildings and new housing developments along with further plans to improve transport links, make it an ideal place to live.”
“Growing house prices make it a great choice for property investment compared to other parts of London.”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on allAgents out of 15,000+ agents, with 5300+ 5* reviews.
Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
Terin Faik via google reviews:
“A big thank you to all the team at ludlowthompson Dulwich for their help in renting our property. Stephen went above and beyond to ensure that the process was as smooth and easy as possible and helped with any issues along the way. Thanks to him, we had tenants moving in within only a couple of weeks. Very impressed and pleased!!!”
Chloe Churton via google reviews:
“Richard (Pedley) from the ludlowthompson Oval branch is such a pleasure to deal with. As a first time buyer he’s made me feel completely at ease - very friendly, knowledgeable and approachable. 5 star customer service.”
“Peckham is now viewed by many as the new Shoreditch with its trendy bars, eateries and buzzing nightlife.”
FREE & INSTANT PROPERTY VALUATION
IN JUST 60 SECONDS