Not surprisingly, most people want to live in a classic London “village” with a thriving high street, quirky shops, good schools, open space, an active community, traditional pubs and a chatty café culture. If you can find all that you can add £200,000 to local house prices, according to new research by Kinleigh Folkard & Hayward. And if it’s Hampstead, it will cost you more. So here are some potentially more affordable London villages to consider.
Clerkenwell's "village green": Spa Fields Park has an unmistakeably urban setting, offering rare open space in the city
£799,950: a period six-bedroom family house at Little Heath, Charlton Village
The average house in Charlton costs less than £300,000. It’s not Hampstead but has much to commend it: trains to London Bridge in 16 minutes for starters. The high street is nothing to write home about (stifled by a lack of parking and competition from neighbouring Blackheath and Greenwich, say locals), but there are good parks plus an open-air lido and a children’s zoo.
There are traditional pubs and the Assembly Rooms, having been saved by residents from demolition, play the role of village hall.
Maria Nocerino, branch manager of Peter Jackson estate agents, estimates that a good three-bedroom period terrace house would cost £400,000 to £500,000, while a two-bedroom flat would come in at less than the 3 per cent stamp duty threshold of £250,000.
The most sought-after streets are the “Charlton Slopes”, close to two primary schools judged by Ofsted to be “outstanding”: Sherington and Invicta. James Cooley, sales manager at KFH, has seen prices for roomy, six-bedroom Victorian villas surge over the past year from £685,000 to £890,000. Buyers are often middle-class families priced out of nearby Blackheath and Greenwich. View houses and flats for sale in Charlton three-bedroom Victorian terrace in Elthruda Road, Hither Green, SE13Hither Green village
Wallet-friendly Hither Green in south-east London has average prices of just above £300,000. The area wins village points for its community spirit — locals have created an award-winning garden in Springbank Road and opened a cinema at Hither Green Hall. It has a Women’s Institute and local wine club. Trains from Hither Green to London Bridge take about 15 minutes and there is a good range of shops and cafés around the station and in Staplehurst Road. Brindishe Green Primary School is rated outstanding.
David Meredith, senior branch manager at Robinson Jackson, says the area has earned its wings in the past two years. The Station Hotel, which constitutes the village pub, is full of young professionals and yummy mummies, and house buyers include “Clapham clients” looking for value and atmosphere.
Houses are £400,000 to £500,000 for a three-bedroom Victorian terrace or about £275,000 to £300,000 for a two-bedroom flat.
View houses and flats for sale in Hither Green
two-bedroom maisonette in the heart of Munster Village comes with a a private garden
Munster Village, Fulham
The average house here — remember this is Fulham — costs £840,837, up an astonishing 18 per cent year on year.
Lindsay Cuthill, a director at Savills, estimates that a three-bedroom Victorian terrace in the area would cost about £1 million, while a two-bedroom flat would cost about £500,000.
View houses and flats for sale in Munster Village, Fulham
two-bedroom, loft-style apartment in Clerkenwell is close to quirky shops and a "village green"Clerkenwell village
This is another top performer, with designer cred and prices up 17 per cent in a year. The average price of a home is £596,855, but that’s amazing value for Zone 1.
The classic Clerkenwell property is, of course, a loft apartment rather than a cottage but the area has its nice shops, Italian delis and thriving café culture, plus Spa Fields Park taking the place of the village green. Residents tend to be creative types: architect Zaha Hadid, writer Anthony Horowitz and Downton Abbey actress Michelle Dockery all live here.
View houses and flats for sale in Clerkenwell
View sold house prices in Clerkenwell
View area stats for Clerkenwell
Property values in Clerkenwell