Is Lambeth A Good Place To Live?

If you are looking for a new home to go with the New Year, you have a lot of things to consider. It is vital you consider your budget and what you can afford to buy, but you also need to find a place where you can feel at home.

At Prestige & Village, we believe Lambeth is a good place to live. If you are looking for more guidance about this local property market, please get in touch, and we will be more than happy to help.

You will love the open spaces of Lambeth

One of the reasons that Lambeth has long been popular with property buyers is that this is an excellent location for people who like to spend time outdoors. Given the issues we have faced in the last couple of years, there is no denying that people are looking to set up home in an area that has a lot of outdoor space.

You will find the pathway beside the river is the perfect place to go for a job, a run or a walk, by yourself, with others, or maybe even with a dog.

You will also find that Lambeth has a great deal to offer when it comes to socialising. This might not be the number one factor that people think of right now, but there is no getting away from the fact that many people like to socialise close to home.

If you do, you will greatly enjoy the bars, cafes and restaurants in the local area. There are also many shopping zones in Lambeth, with a good blend of big-name stores, and independent boutiques.

How is the Lambeth housing market faring as we move into 2022?

According to Rightmove, at the start of 2022, the Lambeth housing market is faring as follows;

“Properties in Lambeth had an overall average price of £741,772 over the last year.

The majority of sales in Lambeth during the last year were flats, selling for an average price of £672,900. Terraced properties sold for an average of £1,120,162, with semi-detached properties fetching £955,000.

Overall, sold prices in Lambeth over the last year were 22% down on the previous year and 22% down on the 2018 peak of £950,118.”

While an initial glance at the figures for Lambeth sold prices might seem alarming, it is important to consider the many different factors at play in the property market. Many areas of London experienced a downturn in property prices, and Lambeth is far from alone in experiencing this type of change.

It is likely demand, and prices, for property in Lambeth and surrounding areas will increase in 2022. If you are looking to sell your Lambeth property, we are more than happy to assist you. We have a good track record in connecting buyers and vendors, and we look forward to assisting you in the New Year.

Contact Prestige & Village for all your Lambeth property market needs in 2022

At Prestige & Village, we care about our community, and supporting others. We aim to provide you with as much help and assistance as we can. If you have any property or housing questions, please feel free to contact us today.