Young professionals who bought in 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 has 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 can you 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 where 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 (Northern Line extension plans), and relatively light touch management necessary.
For the long term investor, this regeneration area has great long-term credentials and is bound to be popular with a diverse range of potential tenants. The constrained supply of certain pockets and growing demand as the transport infrastructure improves should be positive considerations when assessing any potential investment opportunity.