Wake up, smell the profit
which sit at the bottom of the league table. The chart also reveals the areas with the largest proportion of independent shops overall. The results might just be the key to bagging a property with profit potential.
“People actively don’t want a boring chain store high street,” says buying agent Rachel Thompson, director of Stirling Private Office. “When they can see good-quality cafés and shops moving in, it gives a vote of confidence to a whole area. It also says something about the demographic of an area and most people want to live close to likeminded people.” Griffiths, manager of Hunters estate agents, has noticed the change in Sydenham Road where bars and delis are slowly replacing takeaways and pound shops.
“There are definitely more coffee shops because different people are moving in: younger and possibly more affluent. Sydenham is one of the cheaper places to buy in London. It is a bit untapped but easy for the city.”
A two-bedroom Victorian conversion in Sydenham would cost about £475,000, while a three-bedroom terrace house would be £600,000-plus.
LOOKING NORTH AND EAST
Coffee shop hotspots: clockwise from left, Brockwell Park near Herne Hill; Brixton, and King’s Cross