Many families move away from central London to find additional room, within budget, and to enjoy ready access to green spaces
Striking the right balance between space and preferred location can be a challenge when you’re searching for your new home. Many families move away from central London to find additional room, within budget, and to enjoy ready access to green spaces. But even in the heart of the capital, you can still find areas offering considerably better value than their pricier neighbours.
So, if you’re seeking a family home in a great location, with green space close at hand, here are five areas to focus your property search on:
With outstanding amenities and pleasing period architecture, Marylebone boasts that much sought-after village feel, while offering outstanding value compared to other areas close by. Trendy boutiques abound as do fine restaurants, amazing delicatessens and independent coffee shops.
The streets of Marylebone are laid out on a grid system, punctured by leafy garden squares. There’s a fabulous choice of properties including elegant Georgian, Victorian and Edwardian terraces, period flats and contemporary apartments. Just a five-minute walk from Oxford Street, with gorgeous Regents Park on the doorstep, Marylebone is a convenient and desirable place to live. Yet property prices can be considerably lower than nearby Mayfair and Belgravia.
To the west of Marylebone, Paddington is located between Hyde Park and Edgeware Road. Billions of pounds have been invested in the area to provide a significant facelift and to improve transport links. Major projects have included the Elizabeth Line and the Paddington Waterside scheme; the largest central London redevelopment scheme since the Second World War. A great selection of new shops, restaurants, offices, homes and leisure facilities have considerably enhanced the desirability of the area, but pockets of outstanding value remain.
Properties in Paddington include Georgian terraced houses, Victorian mews cottages, mansion blocks and striking contemporary apartments overlooking the canal. With the wide-open spaces of Hyde Park nearby, and the exceptional transport links, this is a fabulous place to live, which has retained its unique character in spite of the recent developments. Prices have been affected by the impressive facelift but remain lower than in Marylebone.
Often overlooked in favour of neighbouring Clerkenwell and Fitzrovia, Bloomsbury offers an attractive mix of Georgian terraces, mews cottages and mansion flats. Bloomsbury does lack green spaces but is within easy reach of all central London locations. Work on the Elizabeth Line has seen the area around Tottenham Court Road receive a much-needed makeover.
Property prices in Bloomsbury remain lower than in Fitzrovia and compare well to many central London districts. However, significant recent regeneration is driving an increase in demand for homes in the area and so prices could soon rise. The arrival of Crossrail will further enhance demand for property in Bloomsbury.
Notting Hill north of the Westway
Beautiful Notting Hill is a property hotspot and it isn’t difficult to see why. Boasting stunning terraced houses with access to communal gardens, together with a wonderful village feel, this area is both vibrant and distinctive. But move just a few streets away from the Heart of Notting Hill to the W10 postcode, technically North Kensington, and you can enjoy more space for your money.
North of the Westway, the residential streets offer impressive value and, if you appreciate time in the great outdoors, are within walking distance of Hyde Park and Holland Park. Plus, Ladbroke Grove underground station ensures that you are only ever a few minutes from the West End.
Adjacent to Hyde Park and Notting Hill, Bayswater is certainly worth attention. Given its evocative name and central location, you’d imagine Bayswater to have always been a prestigious area. But until recently, it was often referred to as the ‘ugly duckling’ of west London. Many of the cheap hotels and down-at-heel commercial buildings, which once blighted it, have now been converted into striking residential properties, completely transforming the area. Queensway, the main shopping street, is earmarked for improvement and there are plans to create a new urban village.
You can find excellent value in Bayswater but perhaps not for long. Property prices remain lower than in the surrounding neighbourhoods, but could soon catch up with Notting Hill.
In the capital’s fast-paced property market, value will always be a relative term, particularly if you don’t want to compromise on a home in Zone 1 and north of the river. But there are still areas where your budget will buy you more space and easy access to London’s parks, without extending your commute.
Regeneration projects have changed the look, feel and prosperity of many districts, making them comparable to their more prestigious neighbours. A larger home for your family is attainable without detriment to your lifestyle if you broaden your search for the perfect property.
To find out more about family homes in these, and other central London locations, contact us today