Forget Nine Elms, the smart money is on Kennington
While buyers with stars in their eyes rush to turn a profit on glitzy Nine Elms developments, wise investors should be looking at properties in nearby Oval and Kennington, according to an article in the Financial Times.
The article, which included observations from Ian Boardman, Sales Manager at our Kennington office, explained that there are currently 14 new developments under construction at Nine Elms. These projects will provide a total of almost 3,500 new homes, with most being snapped up off-plan, by eager overseas buyers.
Despite the fact that these properties are months - or even years - away from being built, some owners are already re-listing them for sale, confident of making a quick profit. The high rise towers planned as part of the Nine Elms regeneration are destined to change Battersea's skyline forever, and it seems that property prices in Battersea are set to rise to equally dizzying heights.
That's why the FT believes that investment in neighbouring Oval and Kennington - where the average sold house price is just 659,000 - is now the smart option. If you would like to know more about Kennington property for sale, Ian Boardman and his team will be happy to offer expert help and advice. Call us today at Daniel Cobb to view some exceptional houses.
For information on why Kennington is a great place to invest in, read Will Kennington property benefit from 'the Battersea effect'? and Spotlight on the Oval and smart Kennington properties.
"The FT claims that while overseas buyers are clamouring to invest in Nine Elms, they are overlooking properties at a fraction of the cost in Kennington. Ian Boardman, from local agent, Daniel Cobb, says that the area has been popular with first-time buyers and the LGBT community. Currently, there are 14 new developments under construction at Nine Elms. These projects will provide a total of almost 3,500 new homes, with most being snapped up, off-plan, by eager overseas buyers."
https://www.ft.com/content/38831e90-75ab-11e6-bf48-b372cdb1043a
