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18th September 2015
The Sunday Times looks at how Tottenham, which is seen as one of the least desirable parts of the capital, is poised to become its next property star. "Tottenham is the next hipster hotspot," says Henry Sherwood, managing director of The Buying Agents. "It has morphed from the scene of the riots to London's next big thing. If you're looking for central London investment, there aren't many places where you can buy at a better level. Property in N15 goes for £500 a sq ft compared with £1,000 in London Fields, and in N17 it's £385 a sq ft. There's plenty of potential for growth. Yields average 5%, which is very good for London." Azid Sohoye, manager at Ellis & Co, adds: “Tottenham borders really good areas, so prices are being squeezed up. We're getting inflow from Walthamstow, which has seen one of the highest price increases in London. And just up the road are Stoke Newington, Islington and the Harringay Ladder." Prices in Tottenham have risen by more than 10% in the past year, according to Zoopla. The average home now costs £333,161, while the typical rent for a two-bedroom flat is £1,355 pcm.