ADDING A BIT OF FROTH
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.