Top 20 property hotspots of 2015:house prices in St Mary’s Village, Bexley, soar by 31 per cent

From pockets of Bexley in south-east London to Hillingdon in the west, discover the best kept property secrets of 2015, where prices have have risen by at least 20 per cent over the past year...

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It is the London village you have almost certainly never heard of. But the little-known St Mary’s Village in far flung Bexley, south east London, has today emerged as the capital’s hottest property market of the year.

The well-kept secret emerged in new research, by Savills, which examined the price performance street by street within London’s best performing boroughs of the last 12 months.

Hillingdon, Enfield, Bexley, Newham, Greenwich and Barking and Dagenham have all seen price growth of between 12 and 13 per cent – but within these boroughs are pockets of dramatic outperformance led by St Mary’s which saw property prices grow a resounding 31 per cent to an average price of £423,383.

In total the research found 20 locations which have seen prices grow by at least 20 per cent in 2015.

The other top performers were Valence Park in Becontree, Barking and Dagenham and East Ham Central in Newham, both of which saw prices grow by 28 per cent to £253,907 and £281,527 respectively – still around half of the London average price.

St Mary’s (sometimes known as Old Bexley) is a more expensive option but it has all the hallmarks of a classic urban village with a pretty Norman church and a vibrant high street with a good supply of cafes, pubs and restaurants.

Hurst Park Primary School and Old Bexley CofE Primary School are both rated “good” by Ofsted, while Beths Grammar School is considered “outstanding” by the Government schools’ watchdog.

There are two stations, Bexley and Albany Park, with services to Charing Cross from 36 minutes, and Cannon Street from 43 minutes.




Green space comes in the form of Bexley Woods and St Mary’s Recreation Ground and, like any good village, there is a cricket club.

“There has been an unexpected and significant increase over the last year, mainly because the cost of borrowing is cheap, but also because a contingent of London buyers have started targeting us in greater numbers than in previous years,” said Kevin Wooder, managing partner of Robinson Jackson estate agents.

He also believes prices are being inflated by a lack of stock on the market.

By London standards house prices are low: a three bedroom 1930s semi would cost between around £450,000 and £500,000, while a two bedroom Victorian cottage in Bexley village would cost around £330,000 to £360,000.

At the top end a five bedroom, detached Victorian or Edwardian house could cost up to £1.2m.

“This little enclave is undoubtedly the most aspirational part of the borough,” said Wooder.

“It has a two train stations, good schools and a proper village identity. It is akin to Blackheath and Greenwich in that the shops are mostly independent. They have kept out the Starbucks and the Pizza Express and they are proud of that.”

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