Where in London will be gentrified next?

[Willow1086]

Where in London do you think will be gentrified next?

I currently live in Streatham Hill which has been on the up for years now, I'd actually say Streatham Hill has already become fairly 'up'.. we are currently looking to buy and could only buy a 1 bed flat at our absolute maximum budget in Streatham Hill, so we are looking at 2 beds further down to Streatham Vale/Norbury side of Streatham, this part hasn't quite gone up but I think it is happening now and will continue too, when we walk around there we notice a lot more 'working professional' type people and theres quite a few nice pubs and 'trendy' coffee shops popping up too.

Hanwell is probably next in West London, if it isn't there already.

For those unable to afford Ealing, Hanwell is a good shout, and with the Elizabeth line coming soon the trains into Central London will take just 20 minutes.

Plumstead Common despite the ineptitude of Greenwich Council

South Norwood. In between Crystal Palace and Beckenham, fast trains into town but close to countryside and quite green.

I think if the Bank of England puts up interst rates, London will go in reverse and it will mostly be the usual suspects that will stay gentrified

Interesting point! Where in London will get hit if there is a housing market crash? I think areas with new build with lots of first time buyers or investors. Then probably areas with whichever industries suffer most.

The chances of a London "crash" are extremely low.

I am not talking about a crash but affordability squeeze pushing prices down. Most of the price gains over the last few years has been due to low interest rates, with the rates hike in Feb, things won't stay the same

What about those shitty grotty areas that have been ‘gentrified’, the prices are high, yet they miss out on the brighter side of ‘gentrification’ like nice cafes, cool bars and boutique shops. In particular i mean Shepherd’s Bush and most of Acton.

Shepherd's Bush has the massive Westfield, redeveloped TVC and white city offices expanding. Generally looking good but you are right about it missing the gentrification cafés. Soulless new build makes that hard.
The huge number of new build flats to the north of Westfield might find it bumpy in a downturn.

@RainingBatsAndFrogs

Norbury.

Good family houses / starter houses, great transport, slowly improving High St. Excellent value for money housing price-wise. The creep south from Brixton and Streatham has begun.

Has a yarn bombing Norbury Knitters Group

Schools good.

Noooooooo! Leave us alone!

Technically, I'm on the border of Streatham and Norbury - I can feel the creep, and I hate it.

@MoChridhe

White Chapel, Bethnal Green, Bow, mile end

Are you still living in the 1990s?? They gentrified years ago.

@HundredMilesAnHour have they though? I mean yet they've become more expensive but lots of things are still pretty shifty. It's no SW London. I guess it depends what you mean by gentrification, nice, safe and leafy - then am sorry but they are not there yet. 'Better' more mc than before - certainly.

[quote luoaw]@HundredMilesAnHour have they though? I mean yet they've become more expensive but lots of things are still pretty shifty. It's no SW London. I guess it depends what you mean by gentrification, nice, safe and leafy - then am sorry but they are not there yet. 'Better' more mc than before - certainly.[/quote]
Yes, they have indeed gentrified. I've lived in the area for over 20 years and the changes are massive (and continue to be - huge change is planned for Whitechapel, potentially bigger than the impact of Crossrail).

Definition of gentrification
: a process in which a poor area (as of a city) experiences an influx of middle-class or wealthy people who renovate and rebuild homes and businesses and which often results in an increase in property values and the displacement of earlier, usually poorer residents

Of course it isn't SW London. And to be frank, who would want it to be?! Personally I can't think of anything worse.

This is a privileged mentality.... what about those who have been living in certain areas their entire lives who now HAVE TO leave because of being ousted by gentrification, how is that fair?

It’s interesting as I see gentrification as individuals one by one renovating dilapidated / older housing stock …. where as others see it as developers slapping in new build flats - and it may well be both - I think that the people buying the doer-uppers and the new builds as quite different demographics etc. I think that people who buy new build flats in these areas make very little profit ultimately because they is often a new build premium and then more flats get built which tips the supply and demand balance whereas with the supply and demand balance for the old properties is tipping positively because there is a finite supply.

I am interested in what will happen to the oversupply of empty new builds in the city centre -will the overseas investors eventually sell up - and to whom?

@medebourne

Catford is definitely 'naice' and has been for a long while. Not the central shopping area which is very rundown, but the side streets. Some very nice and pricy houses. Ditto Lewisham.

It really isn't...

For those against "gentrification", where would you like people to live? Brought up in Islington, Camden etc but can't afford to live there so pushed out into the surrounding boroughs so as to still be close to family? Is that ok?

Just to add to the gentrification debate, Islington has barely improved over the last 10 years, the Holloway high street toward Archway is still mostly awful despite a busy Waitrose right in the middle and the proximity with affluent areas. The numbers of druggies has increased exponentially though. The entire concept of gentrification is ultimately based on continuous price increase which has stopped at around 2016 in London (COVID year apart) so it will be interesting to see how things are going when prices go in reverse.

DS and family, high earning professionals, have lived in Wood Green for 8 years now, neighbours a mixture of media types and older people who’ve lived there for decades. Diverse and friendly. Lovely parks. Good transport links. Kids at outstanding primary, Y6 child has a choice of two or three absolutely fine secondaries and they’ve pretty much fixed on which one.
I live right out in the sticks so love visiting, not just to see them but for the shopping. Before Covid there was talk of moving out of town but now they just want to enjoy and appreciate what they’ve got.
Nephew lives in Tottenham and there seem to be loads of beautifully done up Victorian terraces around him. They’re very spacious too, judging by his. Friend lives in Walthamstow, looks pretty gentrified where she is.

Tooting was gentrified ten years ago

East Street market off Walworth Road is still very ungentrified. Not a sourdough loaf to be seen!

Penge - great house stock and close to Crystal Palace, at a fraction of the cost

Agree
Great transport links to Victoria, London Bridge, has London Overground
Between Beckenham & Dulwich with Crystal Palace Park nearby
Nearby Sydenham is a step ahead with gentrification
Young families priced outside of Dulwich but easy access to the independent schools if they are interested in those. Good state schools nearby. Easy train ride to the Kent grammars if that floats your boat

Catford
South Lee
Grove Park
Eltham
Plumstead
Sydenham
Penge

All the areas just outside of the South Circular