Rental hotspots: there’s always a new one popping up on the horizon, pushing the one before it further down the pecking order. In fact, up-and-coming rental areas in the capital change so quickly, it’s hard to keep up with where’s hot and where’s not.
If you’re new to London, the last thing you want to do is end up in an area that was yesterday’s news. The latest hotspots might be ever-changing, but we’ve done our best to list the current top five areas in London that don’t copy trends, they set them.
Move over Canary Wharf. Say sayonara City. Silvertown is soon to be the latest east London hotspot in the Big Smoke. This E16 postcode will be home to a £3.5 billion scheme, turning it into a bustling hub of creativity that includes over 62 acres of land which will soon be home to new residential and commercial developments. It has already drawn comparisons to Brooklyn and the Meatpacking district in New York.
Average rental prices for one bed properties are currently £1,350 per month, with two beds costing £1,600. Three bed properties will set you back £1,840 per month.
The west London area of Brentford has seen significant regeneration over the last few years which has transformed its high street and waterfront into vibrant and popular hubs. Loft-style conversion apartments mix with modern new builds to offer residents a fine selection of living accommodation. Further benefits include a popular farmers’ marker and a stop on the Elizabeth Line which will feature in Brentford soon.
One bedroom properties in Brentford cost around £1,350 per month, two beds average £1,730, and three beds are priced from around £2,300.
We’ve covered Croydon in more detail here, but it still gets a mention as a rental hotspot because of its surging popularity. With a Westfield shopping centre set to open in 2020, a new art scene that’s attracting some of the world’s most creative people, several new shiny residential developments, and an emerging tech city to rival Silicon roundabout, Croydon really is the place to be in south London right now.
One bedroom flats rent for around £900 per month, two beds command £1,275 while three beds will cost you around £1,520 per month.
Think quaint cobbled streets combined with charming independent shops and you’ve identified the east London area of Wapping. This E1W postcode enjoys a location that is moments from the iconic Tower Bridge and stylish St Katherine’s Dock, while enjoying its own Maritime delights. There are good travel connections, including Overground and DLR stations.
One bedroom properties rent from around £1,300 per month, two beds command £1,710, while three beds start from around £2,060 per month.
Cricklewood is currently enjoying a regeneration that involves the construction of 10,000 new homes. The initial £400m investment will also see three new schools, upgraded health facilities and major upgrades to local transport links. Near by Brent Cross shopping centre will also see a major upgrade to its facilities.
One bedrooms properties will set you back £1,410 per month, while two beds cost £1,850 and three beds average around £2,820.
So there you have it! We’ve covered the north, south, east and west of London, to bring your definitive rental hotspots. Well, at least until a new batch comes along and stakes their claim.
Still, that’s the good thing about 12-month contracts: you can hop from one hotspot to another, discovering all the best places to live in London while doing it.August 31, 2016 rentonomy Moving to the Capital