South London set to soar in 2012

WITH the opening of a segment of the East London Line extension this week, Hackney, Wapping and Shoreditch just became a lot more desirable.

Yet the best property moves are made well in advance of such obvious bonuses, so if you’re looking to buy now, consider the areas of south-east and south-west London that will be connected to Surrey Quays when the rest of the line is completed in 2012. The line will begin at Clapham Junction and stop along the way at currently unconnected spots such as Peckham Rye, Denmark Hill and Queen’s Road Peckham.

Raj Tanna, manager of Kinleigh Folkard & Hayward’s Peckham office, says: “The line has to actually be up and running to have an impact on prices; people need to see it to have confidence in the area. Which means there’s no premium yet for buyers, so it’s a fantastic time to buy around here in the areas that will benefit from the line opening in 2012. We expect to see a big influx of City types commuting to Canary Wharf snapping up flats.” When the Jubilee Line opened in Bermondsey and Surrey Quays, prices went up by 20 per cent in one month.

Warren McCann, Foxtons’ Dulwich manager, says the area “has become more bustling over the last few years and with the East London line coming, the area will begin to appeal to City buyers as they can get bigger houses and have great connections to Canada Water and Surrey Quays.”

This two-bedroom flat has been finished to the highest standards. A terrace with views of the
river makes this the ultimate waterside property. A 24-hour concierge and underground parking are added bonuses.
Contact:?Knight Frank on 020 7590 2450,

A terraced period house in Peckham Rye close to the train station and the shops and restaurants of East Dulwich. There is a double reception room, a kitchen/breakfast room, three bedrooms, a bathroom, a guest WC and a garden.
Contact: Kinleigh Folkard & Hayward on 020 7639 2029,

This seven-bedroom Grade II-listed home in Denmark Hill has a lush garden, two immense reception rooms with grand marble fireplaces, a mosaic-tiled wet room, underfloor heating and top-notch fixtures and finishes. It’s privately gated with plenty of off-street parking.
Contact: Foxtons on 020 8613 6200,