Battersea sits on the South Bank of the Thames, known for its rows of terraced houses, wide open spaces, and, of course, the iconic Battersea Power Station.
Traditionally Battersea had an industrial heritage, housing much of the early rail infrastructure leading west out of London.
Battersea was so unpopular in the industrial era that the main train hub was named Clapham Junction, even though it is located centrally within Battersea.
Today unpopularity is not a word to be associated with Battersea! The area has been genuinely transformed into a destination for young families that has seen prices steadily rise and demand outstrip supply for the past decade.
Young professionals that moved to Battersea a decade ago to avoid the higher costs of Clapham have now become young families, and the changing lifestyle values have meant that many have remained in the area.
A heady mix of being close to the city centre, large open spaces, and improving schools led to Battersea becoming a highly desirable destination for new parents. A housing stock also characterised by Victorian terraced rows means that the more affluent young family can afford a house with a private garden, without having to bear the commute of suburban living.
This increase in popularity among young professionals and families has also seen a revitalisation of the social scene in Battersea, with new cafes, bars, and restaurants appearing alongside boutique children’s clothes shops, toy shops, and bespoke furniture outlets.
The ever-improving transport network in and around Battersea has also made it increasingly easy to connect with other key hubs of London, with Overground train services now connecting to Canary Wharf in 30 minutes or Waterloo within only 10 minutes. Bus links and cycle lanes now make it easier than ever to reach your destination by road, as well as being located out of the congestion charge zone.
As compared to other areas of London, Battersea boasts a healthy share of green open spaces, with the riverside Battersea Park being ever-popular. It is not an uncommon sight to see the early morning outdoor bootcamp sessions occurring in the park or on Wandsworth or Clapham Common. Further, these spaces provide great opportunities for young children to enjoy the outdoors in a safe environment right on your doorstep.
What you can buy in Battersea
Battersea is characterised by a number of undulating streets mixed with rows of period sash-windowed terraced houses or large semi-detached villas. In the more recent past many of these houses have been converted to accommodate several one- or two-bedroom flats fit for the city’s young professionals.
However, more of these are now being converted back to family dwellings whereby the freehold is available instead of a leasehold or commonhold title. Houses in the Diamond Conservation Area – on tree-lined streets connected by Queenstown Road and Lavender Hill – and the streets dissected by the Northcote Road prove popular with city professionals and families alike.
Another thing you can’t miss in Battersea is the regeneration of the Battersea Power Station, which will be delivering hundreds of new homes to the area in the coming years. These have been popular with overseas investors particularly from Asia, driven by the central location, increasing quality of infrastructure (including the Northern Line extension plans), and relatively light touch management necessary.
For the long term investor, this regeneration area has great credentials and is bound to be popular with a diverse range of potential tenants. The constrained supply in certain pockets and growing demand as the transport infrastructure improves should be positive considerations when assessing any potential investment opportunity.