Central London property prices are among the highest in the country, which is understandably a concern for first-time buyers. As a result, savvy home-hunters are focusing their attention on less central locations – searching for properties that offer great value, without compromising on commuting times or local amenities.
Surbiton is fast becoming a hotspot for first-time buyers, thanks to its competitively priced houses and other attributes. Here’s more information.
Fast commuting times
The majority of buyers here are young professionals, attracted by the area’s excellent transport links. It takes just 17 minutes to get to London Waterloo, making the area an obvious choice for career-minded first-time buyers seeking a pleasant suburban environment that still has easy access to Central London.
Plenty of local amenities
Surbiton is well served by a variety of supermarkets, shops, restaurants and bars, particularly around Victoria Road, making it one of the capital’s most enjoyable locations – a fact that hasn’t escaped homebuyers. Trendy Maple Road is particularly popular thanks to its range of independent cafes and boutique shops, and there are also several green spaces if you’re looking to escape the bustle of the city.
Surbiton’s property market cooled slightly in 2016, and although house prices have picked up in 2017, they remain lower than the London average, which is appealing to those on a budget. However, it’s an area on the up and prices are predicted to increase in the future, so it’s a good idea to start scouring the market sooner rather than later.
According to experts, Surbiton is a location on the rise. At the time of writing, there are two major developments in the pipelines – at Tolworth Tower (which will feature new commercial and residential space), and at the Toby Jug site – set to bring over 700 new homes to the area. This is likely to push property prices upwards in the future, generating good capital growth for Surbiton’s first-time buyers, looking to sell up and move to a bigger house.
One of the major draws is the ease of travel to Central London, with its range of world-class attractions. However, there are several other great places to explore near Surbiton, such as Richmond Park, Hampton Court Park and Claremont Gardens, with its cycle-track, lakeside walk and café.
Range of properties
Surbiton has a variety of properties available on the market. Buyers are drawn to the Victorian and Edwardian terraced houses, which offer spacious dimensions and often come with outdoor space. Several of these terraced properties have been sub-divided into affordable apartments, and frequently retain their period features. For homebuyers seeking contemporary housing, many of the area’s new-build houses are situated on the busy high street, or along the riverside.
Geared towards younger residents
Surbiton’s largest demographic is aged between 20-29. As a result, the area caters well for young home-buyers, and is generally regarded as having a better social scene than neighbouring Kingston. There are a few nightclubs in the near vicinity, plus a range of pubs and bars to visit. Riverside Walk is also popular with residents, with its range of restaurants overlooking the Thames.