At Home with Sarah Beeny 2013 - (Page 51)
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Hot
property
WORDS: Georgina Maric | PHOTOGRAPHS: Getty Images, Shutterstock
THE HOUSING MARKET MAY BE STAGNANT BUT THERE
ARE SOME LOCATIONS IN THE UK THAT ARE BUCKING THE
TREND. SO, WHERE ARE THE BEST PLACES TO BUY IN 2013?
W
hat exactly
is a property
hotspot?
‘Transport
has always
played an
important role in creating house
price growth districts,’ says the
property website, Rightmove (www.
rightmove.co.uk). ‘If plans are afoot
to substantially develop the local
transport network, or enhance links
with larger populated areas, then it is
logical to assume that this will have
a positive knock-on effect on prices.’
Other key factors for a property
hotspot are places where employment
is growing, and somewhere that is
about to have money pumped into
it for redevelopment, which will
mean more people will move in.
Good schools, parks and sports and
shopping facilities are also essential
for some potential buyers.
‘Even if you appear to have missed
the boat in an area where house
prices are already growing, be aware
of what property experts call the
“ripple effect”,’ says Rightmove.
‘This is where a hotspot becomes so
attractive and popular that many
people find themselves priced out of
the market. However, they normally
stay close by, moving to adjacent
areas that will become hotspots.’
It’s worth considering these, too…
With the average
commuter spending
five weeks a year
travelling to work,
the benefits of living
close to the office
shouldn’t be
underestimated
Limehouse, London
In the East End of the city, Limehouse
is becoming increasingly popular,
not least because of its proximity to
the City and the nearby Olympics
facilities in Stratford. There’s a
90-birth marina at Limehouse
Basin, the Docklands Light Railway
station and the overground/
underground hub at Stratford give
good access to central London.
Property here will always be a good
buy, as it will sell and rent very quickly.
Average house prices: Around £400,000,
but there are some shared-ownership
apartments being built with views of the
second tallest building in Europe – the
Shard – for half that price. >
www.athomemagazine.co.uk APRIL 2013 | 051
51-52 hot spots.FINAL.indd 51
1/3/13 15:14:50
http://www.rightmove.co.uk
http://www.athomemagazine.co.uk
Table of Contents for the Digital Edition of At Home with Sarah Beeny 2013
Editor's letter
Sarah's Welcome
Notebook
It's a date
Mellow yellow
Blooming wonderful
Proper copper
Rent revolution
Home upgrade
Leading locations
Property virgins
Safe as houses
On the move
Good on paper
A distressed look
Turn up the heat
Fire it up
Trendsetter
Another 48 hours
Something old, something new
Suite dreams
Inside the box
Bathtime
On stylish ground
On the rise
DIY for girls
The blueprint
A glass act
Final draught
Heat beneath your feet
Silent enemies
Real-life renovation
Eco exclusive
Hot stuff
How very cultivated
Turn over a new leaf
Lofty deals
Keep your antenna up
What Sarah says
How bizarre
Colour cocktail
Last word
Stockists
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