London house prices: three top neighbourhoods where property boomed in 2020

The top spots for house price growth this year revealed.
Daniel Lynch
Ruth Bloomfield6 January 2021

In an unpredictable year London’s property market has displayed surprising and impressive resilience.

And, as 2020 draws to a close, a new study reveals the postcodes which have defied continuing confusion over Brexit, a mortgage famine, and – of course – Covid-19 to outperform.

Daniel Lynch

Kennington

Kennington has had a stellar year, with prices up 13 per cent to just over £600,000, making it the best performer in Zone 2 according to exclusive research from Hamptons International.

This brilliantly-located postcode, set between two major regeneration zones at Vauxhall and Elephant and Castle, has a great range of property from Georgian townhouses to affordable ex local authority properties.

They sit alongside the quaint cottages built by the Duchy of Cornwall around Cardigan Street and Courtenay Square at the turn of the last century.

There are good local shops and cafes around Kennington Cross, and while the local tube station is Oval (Northern Line, Zone 2), Elephant & Castle (Northern and Bakerloo lines, Zone 1) is only a ten-minute walk away.

Barnes

Barnes: lovely period property, good schools and 11 per cent annual price growth
Daniel Lynch

In Zone 3 the best performing location is Barnes, a bone-fide urban village which is a little more affordable than neighbours like Fulham, across the river, and Richmond.

Barnes has lovely period property, good schools, and the wonderful London Wetland Centre; little wonder that it is a magnet for families.

As a result average prices are now almost £1.3m, up 11 per cent in the past year, fuelled by buyers leaving prime central London in search of more space.

North Finchley

Out in the burbs, a slightly less swanky London village has enjoyed strong price growth.

Daniel Lynch

North Finchley’s good period housing stock, pleasant high road, Northern Line services, and – again – quality schools have driven demand from buyers priced out of other north London villages like Highgate and Crouch End, a couple of miles up the road.

The average price of a property is now just under £520,000 up a healthy 15 per cent year-on-year.

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