Hackney Continues to Grow
in Both Popularity and Property Prices
The Olympics have now come and gone, and with it a great improvement in infrastructure and transport that has ensured Hackney's continued growth in both popularity and property prices. There was a feel good factor in the area, not only from the Olympics but secondary events such as Radio 1's Hackney Weekend and a number of Arts and Dance festivals.
On the property front, demand continues to outstrip supply and we are constantly breaking record prices, especially for the sought after period stock in the area. Buyers are having to fight for every property that fits their criteria with many entering sealed bid scenarios. This trend has been on-going the last few years and shows no sign of slowing at present. For Sales Manager, Nick Karamanlis, Homerton, is a particular part of Hackney that has seen most change. Now regarded as an extension of the Chatsworth Road area which is now awash with new delicatessens and independent coffee shops, house prices broke the £500k mark back in early 2012 and are already creeping towards the £600k mark. When comparing to the already established E8 and more recently popular Lower Clapton, a three bedroom Victorian house under £600k seems very good value.
We have continued to utilize our City offices to attract a wider range of buyers to the area. A great example was the sale of a warehouse conversion near Millfields Park, E5, that broke the £1m mark through our discreet marketing services, when all other agents valuations came in at around £850,000.
The Hackney team has expanded over the year to ensure it continues to provide the highest level of service and push the boundaries with every sale.
St Philip's Road
£1,200,000 sold for £1,300,000
£550,000 sold for £580,000
£825,000 sold for £912,000
Hackney Property Team
Nick Karamanlis - Sales Manager
020 7549 0630
Andy Court - Lettings Manager
020 7940 6238