Dulwich has recently been dubbed as one of the most popular places to buy in London.
Here we take a look at the property market in Dulwich, and uncover the reasons why this leafy part of south east London is so popular with homebuyers and investors.
We’ll also highlight the top properties, buy-to-let investments and renovation projects for sale in the area, starting from just £325,000.
If you're thinking of selling or buying in the area, give us a call on 020 7099 4000 or pop into our office at 94 Lordship Lane. Click here for an instant property valuation!
Dulwich Market Update
"Demand for property for sale in Dulwich and the surrounding areas remains generally strong, largely due to the good value period property, fantastic amenities and great schools.
In the last five years we’ve seen an influx of families migrating here from south west London in search of better value property, but the price gap is certainly narrowing.
Dulwich has become extremely popular in its own right, with property prices rising to reflect this. The average home in this leafy corner of the capital now stands at £761,986 - though this is still around 5-10% cheaper than in Battersea or Clapham.
Dulwich and south east London in general is a first-time buyer hotspot, too. Peckham was really thrust into the limelight in 2012 with the Overground extension and its popularity has continued to rise ever since. The area is now renowned for its trendy bars and independent delis and cafes, from Frank’s Café, (the rooftop bar and restaurant on the 10th floor of the multi-story car park), to hipster haunt, The Bussey Building.
And it’s a similar story in East Dulwich; the area is a magnet for first-time buyers, whose budgets can stretch a little further here than in nearby Clapham. There are also just as many trendy amenities, with a string of quirky brunch spots, gastropubs and eateries on Lordship Lane.” Tony Chryseliou, Manager, Portico Dulwich estate agents.
Investment Potential: Bakerloo Line Extension
South east London also has great investment potential. TfL are proposing to extend the Bakerloo line beyond Elephant & Castle to Lewisham and finally to Kent, which would a game-changer for this part of the capital.
The new route would include four new stations, two at Old Kent Road, another at Lewisham and one more at a key interchange at New Cross Gate. If the scheme is given the green light, (and funding is secured), construction could start in 2023 with services aiming to be running by 2028/29.
There's a fantastic long-term opportunity for investors in south east London therefore, and Dulwich will no doubt benefit as a ripple effect from neighbouring regeneration and infrastructure improvement.
Properties For Sale in Dulwich and the Surrounding Areas
1 bedroom, 1 bathroom | Leroy Street, Bermondsey, SE1
£370,000 (Share of Freehold)
Recently refurbished, this property would make an excellent starter home or buy-to-let investment. Location wise, it’s close to the Northern Line at Borough, as well as being walking distance from bustling Borough Market.
The property comes with lots of storage space, as well as generous living accommodation and secure off-street parking.
2 bedrooms, 1 bathroom | Overhill Road, Dulwich, SE22
A handsome Victorian period conversion with two double bedrooms and generous private garden. Located just 10 minutes away from the heart of East Dulwich and vibrant Lordship Lane, this home would be ideal for a first-time buyer looking to put down roots in this popular part of the city.
2 bedrooms, 1 bathroom | Upland Road, East Dulwich, SE22
A short walk away from Peckham Rye Park, North Cross Road and Lordship Lane, this period conversion is enviably located and one of the largest two bedroom garden flats in the area.
The property offers two generous double bedrooms, a large bathroom, and an enormous open plan kitchen and reception room. The property also benefits from bi-folding doors leading out onto a lovely private garden that attracts plenty of sunlight throughout the day.
3 bedrooms, 3 bathrooms | Henslowe Road, East Dulwich, SE22
A stunning family home, in a family-friendly location in the East Dulwich area. Excellently rated Goodrich and Heber School are nearby, plus residents are within a short walking distance of Lordship Lane.
We’re seeing lots of savvy home hunters turning to properties with renovation potential in order to get more space for their money, and this property could easily be transformed into a four bedroom home via a stud wall.
1 bedroom, 1 bathroom | Wood Vale, Forest Hill, SE23
£325,000 (Share of Freehold)
A touch of modernisation and cosmetic improvement, plus a new kitchen and bathroom, could transform this double bedroom period conversion into a wonderful buy-to-let investment or first home. It will also bring up the value to around £375,000, as the market always places a premium on attractive, recently renovated property. If you spent around £15-£20,000 on the cosmetic work, (which would be plenty), this would result in a minimum 8-10% return.
The property has actually been rented out for years, and in a good condition could achieve a rent of £1,300 and a healthy 4.5% yield.
4 bedrooms, 2 bathrooms | Landcroft Road, East Dulwich, SE22
Conveniently located within walking distance of Peckham Rye and Lordship Lane, this large family home would ideally suit a buyer looking to carry out some renovation work.
The handsome property offers potential (STPP) to carry out a side return and a dormer conversion out of the loft space and create a fourth floor, something which has already been done by neighbouring properties on Landcroft Road. Adding this extra space would take the value of the property over the £1.3million point, as well as increasing the potential rent.
Potential sale price after full development*: Approximately £1.35million
4 bedrooms, 2 bathrooms | Sydenham Hill, Sydenham, SE23
South east London is in serious demand with families looking for space for their money - and this large property is rare gem, set back off the road, offering privacy and security.
If you’re looking to make money from property, this house offers vast scope to extend. Planning permission has already been approved to carry out a full rear extension of the whole property and add a second floor in the process, which would add a significant amount to the sale price.
Potential sale price after full development*: Approximately £2.2million
If you are interested in any of the properties featured give us a call 020 7099 4000 - or get a free property valuation in 60 seconds!