Property Know

Don’t be too scared to buy in areas that may currently seem less desirable at the moment in time, especially in London. There are rough areas and places in London that are currently run down, but hopefully due to regeneration projects will slowly pick up in value. So keep an eye on the London Property Market properly and you maybe able to see these areas. At the Rent A Home London Team, we believe that Stratford and East London are up for a huge revamp that will effect the property prices! (Again, just to cover our backs – it is only our opinion!)

I mean lets take for example Notting Hill, now currently one of the most sought after places for the young and rich to live! I mean, it formerly used to be a down-at-heel ghetto, now a trendy upmarket one, Notting Hill is a vibrant and bohemian area. Properties include grand family villas and stuccoed terraces, lots of conversion flats, council properties, and sizeable enclaves of housing association properties.

Forty years ago Notting Hill was a notorious ghetto populated by poor immigrants and driven by racial strife. But a steady process of gentrification has transformed the area - residents from the old days would say for the worse - into one of the trendiest and most fashionable in the capital.

Prices have risen sharply in response to an influx of luvvies, media folk, politicians, and wealthy City types who flock to its stylish restaurants and up-to-the-minute watering holes. But despite this the area remains socially diverse and multiracial and still retains its vibrant street life and bohemian atmosphere. The bustling, pleasantly scruffy Portobello market attracts thousands every weekend in search of an elusive bargain, while the annual carnival, once a flashpoint for racial conflict, is now a well established celebration of multicultural Britain. A gastronome’s delight, Notting Hill is home to Books for Cooks and an extensive selection of restaurants offering cuisine from every corner of the globe.

Properties include grand family villas and stuccoed terraces, lots of conversion flats, council properties, and sizeable enclaves of housing association property. Nearest tubes Ladbroke Grove, Latimer Road (Hammersmith); Notting Hill Gate (Circle, District, Central); Westbourne Park (Hammersmith).

There are probably many of us who dream to own a property in that area of London, but can currently only dream of that for now! So remember do not be too discouraged when looking at areas that may currently seem less “desirable”, sometimes you have to look more into the long term scale of things. Rather going for short term returns, think more of a long term game - take it like a marathon.

So all the best! Keep your eyes out for those properties in London!