Sarah Beeny Autumn 2017 - 202
IF YOU'RE THINKING OF DOING UP YOUR PROPERTY OR
INVESTING IN A PROJECT, CHECK OUT THIS MAP FOR WHERE'S
HOT, AND WHERE'S NOT, BEFORE YOU SPLASH YOUR CASH
It's no surprise that the capital is
topping the renovation league - although
some areas are also top of the 'not' list.
Barking and Dagenham has seen a 115%
increase in applications since 2015.
This Bedfordshire town is only 30
miles from London and has its own
airport. These great connections, combined
with good schools and some leafy areas,
are making it hot with investors. It's seen
the second highest increase of 59%.
House prices here have risen 35%
in the past ﬁ e years accordin
to Zoopla, and it looks likely that it will
continue to boom as renovations have
seen a 54% increase. With house prices
in the area at record highs, it's a case
of 'improve, can't afford to move'.
Just 39 miles from London, this
is a popular town for commuters.
The market town, in Berkshire, saw a
42% rise in renovations.
210 | OCTOBER 2017
This London borough, formed
from East and West Ham, has
seen a surge of investment since hosting
the Olympics in 2012, including a 40.8%
growth in renovations.
Covering several residential towns
to the north and east of Bristol, this area
has seen a 40.2% growth.
Also known as Kingston upon Hull,
this port city in East Yorkshire
has seen a growth of 39%. It's a hit with
hipsters and has been named the UK
City of Culture this year.
Further south is this prime location
on the coast. This area is popular
among the wealthier elite, with average
house prices of £353K, according to
Zoopla, but many topping the £1m mark.
It has seen a 36% increase in planning
applications over the past two years.
Just down the road from the
pricier Poole, this busy town has
seen a 34% increase since 2015. People
being priced out of Poole's property
market have headed to Bournemouth,
causing a boom in its fortunes.
This south London borough,
once thought of as the ugly
duc lin of the capital is no
from its excellent transport links, relatively
cheap housing stock and investors
realising its potential. Renovations have
risen by 32% in just two years.
REMOVAL COSTS, STAMP DUTY AND STRICT
MORTGAGE LENDING RULES MEAN MORE
PEOPLE ARE CHOOSING TO RENOVATE
WORDS: HELEN DREW, IMAGES: SHUTTERSTOCK