Kennington Sales and Lettings Market Insights for Q2 2019
Area Guide - News
Living In Kennington : Area Guide - 158
Generally, the summer months are quiet in the sales market, but we have seen continued activity throughout spring and heading into summer. The market is very ‘erratic’ at the moment with bursts of activity one day, and very quiet the next. With sales of large houses happening frequently, this is currently ‘bucking the trend’ across London. We have also noticed this year, that more and more people are moving to Kennington from the surrounding areas, as well as other parts of the UK, as Kennington becomes more established and desirable. You only have to take a look at our website to see some of the most stunning homes in the area.
The sales market in general has continued receiving a huge amount of discouraging press in 2019. Something we certainly do not seem to be experiencing in Kennington. We have been achieving very solid prices for our clients throughout 2019. There are exceptions to this, but they tend to be sales of ‘duress’.
The Kennington area is well known for its stunning Georgian architecture and beautiful garden squares, as well as its fantastic location, being walking distance from many central London locations. It is also nestled between two of the largest development projects in London in recent history – Nine Elms (home of the American Embassy) and Elephant & Castle. Both areas are enjoying massive amounts of regeneration and huge spend on infrastructure, including a new tube station which is part of the Northern line extension to the Battersea Power Station. Vauxhall is also benefitting from the areas regeneration, and is benefitting from the Vauxhall Gyratory including the Cycle Superhighway.
If you are looking to buy or rent in the area then please let us know, as we are seeing new properties daily. Please do not hesitate to contact our newly appointed Lettings Manager, Alice Russell. Alice has a wealth of experience in the lettings market, and has very quickly become a solid, and well-liked member of the Kennington team. If you are considering selling in the near future, we may already have the perfect buyer for your property. For further information on what your property might be worth, to have a chat about the process or what we can do to help please contact our long standing Sales Manager, Ian Boardman.
