Once troubled by gangs and squats, and famously home to TV’s Trotter family, Peckham has become an unexpected hotspot among first time house buyers. Modern attractions include restaurants and bars with an independent, anti-chain spirit. New buyers are becoming an increasing proportion of the housing market, helped by a new tax structure which includes higher stamp duty for landlords competing for properties. Other fast growing areas include Seven Kings, Plaistow and West Ham, helped by the redevelopment of transport and community buildings.
Key Takeaways:
- Peckham is a popular hipster orientated area, in which the prices have risen by 15%.
- The area is so popular for first-time buyers due to locally owned restaurants and bars, giving people a break from the typical corporate owned chains.
- Due to the price and access to a diverse market many first-time buyers have been buying places that they may have previously avoided.
“Peckham has become a place of hipster pilgrimage.”