Lewisham is a Borough of South London that is undergoing significant regeneration and investment in recent years. Younger couples and families are moving to the area, as Lewisham has become more accessible with the DLR and the National Rail services, plus a proposed Bakerloo line extension by 2028. Tree-lined streets and desirable Victorian houses are to be found in parts of Lewisham at more affordable prices than its expensive Greenwich and Blackheath neighbours.
The Government’s ‘Lewisham Gateway’ scheme has seen - and will continue to see - major road layout changes around the town centre as well as new developments to make it easier for pedestrians to get in and out. Changes to some of the waterways around Lewisham have made way for new green spaces and housing.
The project, which is still underway, has seen new restaurants, bars and cafes, new leisure facilities and up to 800 new homes in the area. According to the Evening Standard’s Homes and Property section, a total of £3.6billion has reportedly been set aside for a project that will improve transport links.
Lewisham has already seen a host of new restaurants and nightlife in the area. In the Spring and Summer months, the lively Model Market near the entrance to the High Street carpark draws crowds with delicious street food and beverages. Another favourite is the popular Fox and Firkin pub which describes itself as a ‘home for live music in South East London’. Offering a range of live music, the odd quiz night and a range of craft beers, it has become one to visit. For the foodies, restaurants such as Sparrow have become great places to eat out.
(Picture courtesy of Street Feast website)
According to Rightmove, property sales last year in Lewisham ‘involved flats which sold for on average £363,543. Terraced properties sold for an average price of £634,793, while semi-detached properties fetched £728,732.’ Rightmove also advised that ‘Lewisham, with an overall average price of £477,096 was more expensive than nearby Hither Green (£431,869), but was cheaper than Ladywell (£593,594) and Crofton Park (£67,112).’
The rental market is also very strong in Lewisham. I Am the Agent have seen a number of flats come to the market in recent months that have not taken long to find a tenant.
Lewisham is definitely a place to invest and a great location if you are looking for more affordable living with easy access to Canary Wharf and the City.
If you wish to list your Lewisham flat to rent with I Am the Agent, you will be pleased to know that we have recently moved to the area in the new Fuel Tank office space, in neighbouring Deptford Creekside and we would be pleased to market your property for rent or sale now. Get in touch on 0333 444 1007 for more information or check out our packages on this site.