In a previous article I said that average property values in East Dulwich had risen by £65,000, taking the average East Dulwich property to £651,300 ( a rise of 11.08% over 12 months, Zoopla Jan 15). This is great news for anyone who owns their own home in the East Dulwich.
However, the A2216 has other towns and areas along its length and as a landlord one must consider other towns and areas to invest in. The A2216 is a four mile road from Denmark Hill in the North to Sydenham in the South. The Road itself offers a multitude of areas with properties including fairly handsome 1930’s era Council flats built by the former London County Council in the North, passing through East Dulwich and Lordship Lane which offers a pleasant and affluent town centre arranged with independent shops, delis, pubs and cosy restaurants. To the East lies Peckham and Nunhead whilst Lordship Lane continues south into classic South London never-ending suburbia. After a small distance its joins the South Circular Road to Forest Hill with the final stretch, which runs roughly parallel to the main railway from London Bridge to East Croydon and onto Sydenham itself.
To the North in Denmark Hill, property values have risen by 9.5% taking average property up in value by £45,900 to £528,600. As mentioned before, in East Dulwich property values have risen by £65,000 taking an average property up to £651,000 or a rise of 11.08%. In neighbouring Forest Hill, average values have risen by an identical 10.13% but the average value has only risen by £43,100 because average property prices are much lower than Forest Hill (£448,500). Whilst in Sydenham, an average property has risen by 10.46% taking an average property up by £37,700 to £398,300. As you can clearly see even with the recent dampening effects on the property market, East Dulwich has performed the best in terms of pound notes and percentage values.
The above shows the varied property market along the A2216 – Denmark Hill, East Dulwich, Forest Hill and Sydenham, all within four miles of each other, can experience such variations in property prices. With average rents steadily rising by 1 to 2% a year and with continuing troubles for first time buyers raising the £30,000+ for the deposit and fees, I can only see greater demand for rental properties in East Dulwich, which will mean more people will continue to buy property for Buy to Let, and where there is greater demand, the price tends to go up. This however, is only my opinion. If you want to chat about any matter relating to property in East Dulwich, pop in and see me or one of my team in offices on Dog Kennel Hill in East Dulwich for a chat or email direct for any opinion on firstname.lastname@example.org