ADDING A BIT OF FROTH

Evening Standard - West End Final Extra - ES Homes and Property - - London Café Culture -

port links, with nine-minute trains to Vic­to­ria and 11 min­utes to Black­fri­ars, along with prox­im­ity to Brock­well Park. Wendy Peter­man, owner of Peter­mans es­tate agents, says: “We’ve got a fan­tas­tic in­de­pen­dent butcher, new bak­ers, a lot of shops that are slightly ‘ar­ti­san’, an or­ganic mar­ket at the week­end, and of course cof­fee shops. I’ve been here 13 years and the whole area has just be­come so much more vi­brant.” Part of the rea­son for this vi­brancy is new buy­ers mov­ing into the area from more ex­pen­sive Brix­ton, at­tracted not only by the shops but by the qual­ity of schools. The aver­age two-bed­room flat in a Vic­to­rian or Ed­war­dian con­ver­sion costs about £450,000 but prices jump for a house east of Herne Hill, within the catch­ment area of its most sought-af­ter schools. An aver­age three-bed­room house in the catch­ment area for The Char­ter School or Ju­dith Kerr Pri­mary School would cost about £900,000.

MORE CAFÉ BOOM TOWNS

There is bet­ter value to be found in Lewisham, an­other cof­fee shop boom town, where an aver­age prop­erty costs £ 410,000, about half the price of Herne Hill, and in Sy­den­ham, where the aver­age price is £450,000. Colin

Leafy north Lon­don con­trib­utes only two lo­ca­tions to the Top 20 — High­bury and Fins­bury Park, both ar­eas of rel­a­tive good value with aver­age prices of just un­der £750,000 and al­most £585,000 re­spec­tively.

East Lon­don’s en­tries are re­gen­er­a­tion zones Bow and Can­ning Town, as well as the Bar­bican — al­though the lat­ter’s rel­a­tively small num­ber of re­tail units means one or two new shops can equal a hefty per­cent­age in­crease.

In­ter­est­ingly, some far-flung sub­urbs are per­form­ing strongly, cof­fee shop­wise, as young pro­fes­sional home buy­ers are pushed fur­ther out of Zones 2 and 3. Pin­ner, in north-west Lon­don, has seen the num­ber of cof­fee shops boom by 22 per cent as a new breed of buy­ers is drawn to good schools and a fam­ily semi for an aver­age £606,369.

Re­gen­er­a­tion zone Bark­ing and leafy Ted­ding­ton also per­formed strongly, with cof­fee shops up 18 per cent. An aver­age prop­erty in Bark­ing costs less than £285,000, while in Ted­ding­ton the fig­ure is £750,000. Plans to ex­tend the Gospel Oak to Bark­ing line will give a direct train link for the Bark­ing River­side devel­op­ment, where more than 10,000 homes plus shops, restau­rants, schools and sports fa­cil­i­ties are be­ing built on a 443-acre site — and a fine cap­puc­cino bar is planned.

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