Over the last ten years average property prices have risen from a modest £367,915 to a massive £725,444. With this huge jump in price, is Clerkenwell still a good investment? We say yes.
On the northwest edge of the City, Clerkenwell property is a mix of both modern and historic architecture. It is a haven for design talent and is host to Clerkenwell Design Week every year. The area’s love of design is accentuated in the diverse use of commercial and residential spaces, from design agencies and tech firms to warehouse living and cutting edge eateries and bars.
The diversity of properties on offer in such a central location is what drives people to the area, particularly city workers and people from the creative industries who want an interesting space, in a well connected location with a village feel.
Improved Travel Links
Then there is that magic word ‘Crossrail’. It has been on the agenda for years but is now finally within sight. In 2018 the changes to Farringdon station will open Clerkenwell up to a much wider and more global audience, an audience who may have previously written the area off.
Bond Street will be accessible in 4 minutes, Heathrow in 32 minutes and Gatwick in 41 – with travel times so fast Clerkenwell will be one of the best connected places in the city and buyers will be scrambling to buy into it. Our advice? Get in there before they do.
So what Clerkenwell properties can you buy now?
Ex-local authority properties can offer good value for the area, such as this three bedroom flat on Wynyatt Street. http://www.currell.com/residential/london-property/clerkenwell/wynyatt-street-ec1v/CLK140318
On the other end of the scale are modern penthouses which will offer great views across the city. This one on Owen Street has two floors, a wrap-around terrace and a state of the art kitchen. http://www.currell.com/residential/london-property/clerkenwell/owen-street-ec1v/CLK140082
If you’re not ready to but want to get to know the area, why not rent to see what the area can offer you before committing to a large investment? This 2 bedroom modern apartment is typical of many new builds in the area and offers good value for such a central location http://www.currell.com/residential/london-property/clerkenwell/clerkenwell-road-ec1m/CLK14039