What's New Down South On the Northern Line Revival? ; Developers Making Tracks for Once-Seedy Areas That Are in the Grip of Gentrification
Mail on Sunday › March 08, 2005
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Summary
From the well-heeled streets of Clapham through increasingly villagey Balham and on to upandcoming Tooting, the South London neighbourhoods that straddle the Northern Line are dominated by terrace upon terrace of Victorian and Edwardian housing. However, now that the ripple effect of gentrification has pushed up house prices along this once-seedy corridor, it has become an increasingly attractive proposition to developers.
'It's only in the past four to five years that sales values in this wedge of South-West London reached the point where they would support significant new residential development,' says Richard O'Donnell, head of residential research at Savills. 'But today Clapham and Balham are part of a second tier of well-established, high-value markets drawing developers out of central London and their influence is spreading towards both Tooting and Stockwell.' While some of the new schemes offer contemporary open-plan interiors behind refurbished or period facades, others are bringing an injection of eye-catching modernity to the traditional streetscape.See the full content of this document
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What's New Down South On the Northern Line Revival? ; Developers Making Tracks for Once-Seedy Areas That Are in the Grip of Gentrification
On a former printworks site just off Balham High Road, Angel Property is developing Blueprint Apartments a green copper and timber-clad building with communal courtyard gardens.
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