Battersea is home to a booming property market, with a range of regeneration projects on the way set to further boost the investment prospects of property for sale in Battersea.
Situated within the borough of Wandsworth in South West London, Battersea offers a bit of everything from live music and comedy venues to markets, trendy eateries and wine bars.
Northcote Road is the top area for a night out, which includes gastropub Bolingbroke and family run Italian restaurant Numero Uno. As a busy and long-established market on Fridays and Saturdays, Northcote Road Market is a popular spot for food and antique shopping.
Across Battersea, there are a range of other attractions and leisure facilities, including art galleries and adventure centres. The neighbourhood also features a number of parks and green space to enjoy. Battersea Park, a 200-acre Victorian park with a riverside promenade, large lake and children’s zoo, is a major draw to the area.
Only a stone’s throw from Kensington and Chelsea, property for sale in Battersea also provides easy access to the culture and leisure offerings the neighbouring borough has on offer. While Battersea still boasts high-quality living, it comes with a lower price tag than the adjacent royal borough.
Located on the south bank of the River Thames, Battersea is an appealing place for tenants, buyers and investors alike. Battersea has become one of the most popular neighbourhoods in London with a large and growing population of young professionals and families.
Professionals have access to a significant amount of employment opportunities, strong transport connections and lifestyle offerings. Over the years, Battersea has also coined the name ‘Nappy Valley’ with 12 primary schools and a large number of families living and moving there.
Property for sale in Battersea has an appealing location near the centre of London and boasts strong transport links. Located right in the middle of Battersea, Clapham Junction provides residents with excellent connectivity.
Battersea is undergoing a range of redevelopment and regeneration. The Power Station redevelopment in particular is a £1.4bn regeneration scheme and is expected to open in the summer of 2022. This will transform the area into a residential, social and employment hub.
The scheme is set to create up to 2,550 new homes, a library, shopping centre, public park, children’s nursery and a leisure and community centre. A new pier with a Thames Clipper service will be included in the regeneration as well. In the Citrus West Village, there will also be food and drink outlets, a boutique cinema and fitness suites.
In September 2021, a new underground station opened at the Battersea Power Station as part of the Northern Line extension in Zone 1. It’s the first major extension to the London Underground network this century and further improves the area’s already strong connections.
Buying property near the Power Station is commanding a premium. And as the regeneration project is improving the popularity of the area even more, investors interested in Battersea should consider getting their foot in the door soon.
Battersea encompasses the SW8 and SW11 postcodes. Interestingly, the area has the second lowest council tax in the country, so residents can save more money to enjoy what the area has on offer.
In December 2021, the average property price in Battersea hit £846,825, according to data from Zoopla. This is a 1.46% rise in the past 12 months. And with further regeneration and development on the way, the area is well-placed for strong house price growth in the future.
Battersea is home to a large number of flats with a range of high-quality new-build to boot. There are also a number of period conversions, particularly Victorian terraces, and mansion blocks. Within the neighbourhood, house and rental prices are much higher for desirable riverside apartments.
Property for sale in Battersea is seeing strong interest from overseas investors, particularly for the exciting new-build developments being brought forward. And with all of the regeneration, development and investment happening in the area, this is making it an even more exciting time to invest in Battersea.
With growing rental demand, investors are earning an average rental yield of 3.75% in Battersea Rise and 3.00% in Battersea Park. Battersea Park & Nine Elms have also seen a 17.9% growth in residential rental values during the three months to the end of September 2021, according to research by Chestertons.
With a bright future, the area is set to be elevated even more as a top place to live, work and invest in. Because of this, Battersea has strong capital appreciation prospects for the coming years, making it an especially attractive property investment hotspot within London.
The team at Chestertons has a wealth of experience sourcing new homes in Battersea. Get in touch and start your search today.