A symbol of urban gentrification
In the early 20th century Clapham was considered an ordinary, working-class commuter suburb. ‘The man on the Clapham omnibus’ was once a synonym for the common man on the street. By 1980 Clapham had become something of a poster child for urban gentrification and continues to see significant growth in its upper classes as its reputation as a more affordable alternative to central London has grown. Many buyers in recent years have been from prime central London locations such as Kensington and Chelsea looking for better value per sq ft on property.
Despite its close proximity to central London, Clapham remains incredibly self-sufficient, with good restaurants, music venues, art house cinemas and high-end supermarkets dotted around the high street and old town. This adds considerably to Clapham’s staying power as a very desirable South London location.
A significant number of new builds in the area has bolstered an already strong private rental sector in Clapham, which has buoyed property prices in recent years, leading to growth of 35% from during 2013. Clapham’s population is growing steadily and with it a demand for owner and rented accommodation. Landlords in Clapham have no trouble finding tenants and with property prices growing steadily, re-sale profit is likely to be impressive. That means Clapham property investment is ideal for you if you're looking for a commuter belt property.
Economy & Employment
Clapham is perfectly located for any tenant working in London. Canary Wharf, Oxford Circus, Fleet Street and the rest of London’s important financial districts are never far away.
The journey from any of Clapham’s tube stations to central London is so short that it’s difficult to refer to Clapham as a ‘commuter town’, as it is truly part of inner London.
Clapham’s proximity to central London, as well as its wealth of green space and vibrant nightlife, makes it very popular among young professionals and recent graduates, as well as affluent couples and families. In particularly wealthy areas, such as Clapham Common ward, more than one in five residents earns over £60,000 per year.
The high street and night time economy in Clapham is very strong, and the popularity of the area means the population is growing. Estimates from Lambeth Council suggest that by 2025 the population will grow from 42,000 residents to approximately 44,000, an increase of around 4%. The growing population bolsters local business and further feeds the local economy.
In 2013 property value in Clapham rose by 20%. So far in 2014 prices are up a further 14%. Clapham clearly remains a strong area for property investment.
Demand for property rose by 30% over 2013 and is still incredibly high. Urban professionals who want to be close to fast links into London, as well as public green space and vibrant shopping and leisure opportunities, are drawn to Clapham in huge numbers.
There has been a large rise in new build accommodation in Clapham in recent years in answer to this demand for property. As Clapham is in no way likely to get any less popular in the future, these properties will always have an easy time finding tenants willing to pay the best prices. Meanwhile the rising steadily property prices suggest that re-sale profits on these properties will be very healthy.
Clapham is an ideal location for transport throughout London, making it a highly desirable and coveted area for city-workers and young professionals.
Clapham has three London Underground stations, Clapham North, Clapham Common and Clapham South. These stations are all serviced by the Northern Line. Stockwell and Oval stations are also close to Clapham.
Being ideally located for travel into London, Clapham is well connected to some of the world’s leading universities, such as King’s College, University College London and many more. The proximity to top schools and vibrant nightlife makes Clapham a very popular location with London’s students.
There are several excellent schools in the Lambeth Borough catering to a range of religions and special needs.
Schools in Clapham include:
Parkgate House School, an independent co-ed preparatory school
St Mary’s Roman Catholic Primary School, a co-ed Catholic primary school
The London Connected Learning Centre can also be found nearby. This award-winning organization provides independent advice and support to help schools harness the potential of new technologies and improve communication and administration.
Shops & Leisure
Throughout the streets of Clapham can be found an eclectic mix of cafes, bars and restaurants, independent stores and quirky fashion boutiques. This makes Clapham a favoured location of London’s student and artistic population. The nightlife around areas such as Clapham Common is buzzing with live music and dance clubs.
Fashion, home care, DIY, cycling, pet supplies and gourmet food stores can all be found within walking distance of Print Works, as well as recognisable chains such as Waitrose, Superdrug, and Gourmet Burger Kitchen. All tastes and requirements are catered for in Clapham.
Clapham Common offers 200 acres of green space as well as sporting facilities such as football pitches, basketball courts, cricket nets and even fishing ponds. Active lifestyles are well catered for in Clapham.
If you can’t find what you need in Clapham, a 10 minute ride on the tube or a bus will take you into the heart of Central London, where shopping and leisure districts such as Oxford Circus, Charing Cross, Southbank and countless others can be found. It is little wonder why demand for accommodation in Clapham is so high amongst young professionals.