Living near Old Street's Silicon Roundabout: four homes hotspots for tech-savvy Londoners

The reason for the success of the capital's thriving Tech City? Easy commutes from some of the most affordable areas in London, says a new report.
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Old Street's thriving Silicon Roundabout is packed with almost 7,000 tech companies, making it the top spot for digital start-ups in Britain.

The key to this technology hub's success is its location, on the edge of some of London's best-connected areas where pockets of value can still be found, according to a new report by London estate agent Stirling Ackroyd.

While the average property prices on the fringes of this tech hotspot have reached £700,000, starter homes can still be found a few stops along the Tube line for less than half that figure - with one-bedroom flats selling for an average £373,000 and starting under £200,000.

This includes Stratford - where high-speed Crossrail trains will turn 11,000 new homes into some of the best-connected in the capital from 2018 - and Clapton, where new cafés, boutiques and a thriving Sunday market are turning one of London's edgiest neighbourhoods into a family homes choice.

Property prices in Hackney and Dalston have experienced significant price growth in recent years, but housing presents a contrasting picture and there are still pockets of good-value one-bedroom homes for under £300,000 if you're willing to swap Georgian terraces and warehouse conversions for ex-local authority flats.


Andrew Bridges, managing director of Stirling Ackroyd, says: “A distance of five miles between peak property prices in one part of London and the heart of innovation further east is no accident. Nimble start-ups and a young, innovative population both flourish best in a dense but comparatively affordable environment."

"Start-ups are shifting the sands of London property as their employees start to trace a different Tube line home. And in even greater numbers, a bigger pool of tenants are attracted by the wider appeal of these new cultural hubs in eastern London. That younger, creative population then feeds the flames again.”

A prime example is the City's newest co-working office, where the front archway opens on to Finsbury Square and the back door on to Shoreditch, uniting tech financiers and Silicon Roundabout creatives. Opening today, the highlight of the modern Alphabeta building - which comes complete with the novelty rooftop bars and chill-out zones typical of modern workspaces aimed at entrepreneurs - is the ramp that allows those cycling to work to ride straight into the building's storage and changing facilities without stopping.
Alphabeta's cycle track. Image: Hufton +Crow

Dickon Hayward, of project architect Studio RHE, says: "Cycling is an increasingly popular means of transport within the city and we wanted to embrace it as an important component in workplace design. From the atrium you can see glimpses of descending cyclists, adding activity within the building and emphasising the importance of cycling within the building’s values.”

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