London’s top 10 hottest areas with shops, bars – and growth in house prices

THAT

one weekend afternoon in Wood Green, bored teenagers surf the rails at Primark while the many Turkish restaurants down the hill in Green Lanes serve plates of baba ghanoush and falafel.

On the other side of London, shoppers fill their bags of apples and craft cheeses at Ealing Farmers’ Market, while south of the river, lockdown dogs frolic on Peckham Rye.

These may seem like imperceptible snapshots of Londoners in their spare time, but according to a new study, they are among London’s most robust high street economies. They are also addresses that buyers hoping to end 2022 in a new (or first) home should get to know.

Analysis of 49 of London’s local main streets, commissioned by regeneration specialist developer U + I, highlights the main streets that have come through the pandemic with brilliance thanks to the shops, restaurants, cafes and bars on the doorstep, increasing demand and, in turn, house prices.

“We’ve seen a fundamental shift in the way people live, work, shop and spend their free time during the pandemic,” explains Mike Hood, CEO of U + I.

“Local shopping centers in London have outperformed the rest of the city and the wider UK. This is likely to continue as the pandemic subsides further and will benefit these sites in the future. “

Green Lanes

Sophia Butler on Green Lanes

/ Adrian Lourie

Number of people living within a mile: 116,950

Transport: Piccadilly line, Turnpike Lane (Zone 3) or Manor House (Zone 2)

House prices: By North London standards, value for money is a selling point – a three-bedroom terrace would cost around £ 750,000 to £ 800,000, while £ 450,000 would buy a two-bedroom house.

Points of sale: “Green Lanes is not your typical main street,” says longtime local Sophia Butler, 40.

As the heart of London’s Turkish community, this regional stronghold of north-west London is filled with some of the capital’s best Mediterranean restaurants.

Green Lanes, which is busy 24/7, is certainly lively, but it also has a safe and family-friendly feel – Butler and her husband, Nick, 38, product designer, have two girls: Anastasia at six and Louise at four. “It has a really independent feel,” Butler says. “It feels a bit like being on vacation.”

The couple also runs their own business: Sugar Tea Room, delivering and serving afternoon tea and homemade cakes.

Walthamstow

God’s Own Junkyard in Walthamstow

/ Daniel Lynch

Number of people living within a mile: 124,883

Transport: Victoria Line, Zone 3

House prices: Family-sized houses come with seven-digit price tags, but three-bedroom terraces (away from premium prices in Walthamstow Village) change hands for around £ 650,000 and two-bedroom apartments for less than £ 400,000.

Points of sale: Hoe Street, with its rich mix of discount stores and shops, the vibrant market and the shops of Walthamstow Village.

Lewisham

Lewisham market

/ Alamy stock photo

Number of people living within a mile: 75,834

Transport: Aboveground services to Charing Cross, Cannon Street, Victoria (Zone 2), DLR

House prices: Budget around £ 425,000 for a two bedroom apartment, £ 550,000 to £ 650,000 for three bedrooms.

Points of sale: Extension of the Bakerloo line (currently on hold), shopping center earmarked for remodeling, plenty of new apartments and pubs, cafes, delicatessens and a regular Street Feast takeover on the market.

Wood Green

Shazia Saleem in her shop, Pop London, in Blue House Yard Wood Green

/ Adrian Lourie

Number of people living within a mile: 81,729

Transport: Piccadilly Line, Zone 3

House prices: Around the main road there are streets with Victorian and Edwardian terraces with three-bedroom houses at a cost of around £ 600,000 and two-bedroom apartments for £ 400,000.

Points of sale: Wood Green’s High Road is packed with a healthy mix of independent and chain stores. A cinema draws people to the area and there is an indoor mall for rainy days.

Adrian Lourie

There are plans to upgrade High Road with new homes and shops, and new ones have been added such as Blue House Yard, an innovative collection of weather-boarded shops that are home to an interesting mix of start-ups and shops.

Shazia Saleem, 43, moved to Wood Green two years ago – she visited her sister who lived locally when she stumbled across Blue House Yard and realized it was the perfect place to cultivate her sustainable fashion brand, Pop London.

She likes the bustle and liveliness of the place, and although she is aware that it has long had a reputation for being a bit on the rough side, she says she feels safe in the area. “People are moving in from more expensive areas around it like Alexandra Palace and Muswell Hill. And that brings opportunities,” she says.

Ealing Broadway

Ealing Broadway

/ Daniel Lynch

Number of people living within a mile: 71,968

Transport: Central line, zone 3

House prices: a Victorian two bedroom apartment would set you back around £ 600,000 while you would need at least £ 800,000 for a three bedroom house.

Points of sale: Crossrail, exciting green streets, plenty of green spaces, cinemas and some smashing Indian restaurants and Mediterranean restaurants

Bromley

Carved dive in Bromley

/ Daniel Lynch

Number of people living within a mile: 42,878

Transport: Aboveground services from Bromley South to Victoria, from 18 minutes; Zone 5

House prices: You can buy a three-bedroom house with a change of £ 500,000, or a one-bedroom apartment for around £ 350,000.

Points of sale: The birthplace of David Bowie, an easy commute and top-performing schools.

Sutton

Sutton High Street

/ Alamy stock photo

Number of people living within a mile: 66,962

Transport: Above-ground connections to London Bridge or Victoria take about 30 minutes; Zone 5

House prices: Buyers should expect to pay around £ 550,000 to £ 600,000 for a three-bedroom semi or around £ 350,000 for a custom-built two-bedroom apartment.

Points of sale: A Marks & Spencer and a cinema – shops are plentiful and the level of convenience is high.

Croydon

Croydon

/ Daniel Lynch

Number of people living within a mile: 74,140 th most common

Transport: Superior services to Victoria or London Bridge in less than half an hour; Zone 5

House prices: Properties range from 1930s semi-detached houses (budget around £ 600,000) to purpose built apartments (£ 400,000 to £ 450,000 for two bedrooms).

Points of sale: The area has a large shopping center in the suburbs with lots of chain stores and restaurants, as well as independent coffee shops, a theater and lots of parks and open areas.

Peckham

Rye Lane in Peckham

/ Daniel Lynch

Number of people living within a mile: 114,277

Transport: Underground trains from Peckham Rye to London Bridge, Victoria or Blackfriars in 15 to 30 minutes; Zone 2

House prices: a three-bedroom terrace would cost around £ 1.2 million, while a one-bedroom apartment would comfortably cost £ 600,000, less for a former local estate.

Points of sale: One of London’s great hipster regeneration success stories with a high concentration of cool bars, restaurants and start-ups.

Ilford

The street market on Ilford High Road

/ Alamy stock photo

Number of people living within a mile: 90,759

Transport: Underground trains to Liverpool in under 20 minutes; Zone 4

House prices: £ 300,000 will almost secure you a two-bedroom apartment, while three-bedroom Victorian terraces cost around £ 500,000.

Points of sale: Crossrail, pedestrian street, good restaurants in the neighborhood and coffee shops are popping up.

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