Curious about houses for sale in Highbury, or thinking about making this sought-after neighbourhood your home?
Highbury, in its central Zone 2 London location, is always going to be a place where people want to live and invest, but with property prices at the lowest they’ve been in a while due to Brexit, now may be the perfect time to invest in bricks and mortar.
Highbury offers many desirable properties including Italianate villas and beautiful homes with Victorian and Georgian facades. Independent shops, bars, and cafes give the neighbourhood a strong community vibe – and its local football club, Arsenal, attracts tens of thousands of fans to Emirates stadium every other week, adding more vibrance to the scene overall.
Here’s our guide on what this pocket of north London has to offer residents, including an update on the property market in Highbury and property for sale in Highbury.
Goodbye, summer! April snow on Petherton Road, Highbury
A short history of Highbury
Until the 1820s when many of its stunning homes were built, Highbury was an open, undeveloped space. When plans for a 500-acre park fell through, the neighbourhood began to grow, surrounding the old village centre of Highbury Barn. In 1897, Highbury Park served as the site for an iconic clock tower. Built in celebration of the 60th anniversary of the reign of Queen Victoria’, this venerable maroon-painted tower remains as one of Highbury’s landmarks.
Despite its desirability, Highbury retained several green spaces including Finsbury Park, Highbury Fields, and Clissold Park. The surrounding residential area is famous as the early childhood home of poet John Betjeman. In Aberdeen Park, the “Great red church” where Betjeman’s parents declared their wedding vows in 1902 still stands. Today, it is home to a number of artists’ studios.
During the 1900s, the Highbury Barn gastropub served as an exciting entertainment venue complete with tightrope walkers and daring opportunities for patrons to see the surrounding landscape from the basket of a hot air balloon. The massive dance floor was second to none, popularising a dance called La Varsoviana, which combined steps from the mazurka, polka, and waltz.
When medical students from St. Bartholomew’s Hospital nearly rioted in 1871, Highbury’s residents protested the rowdy atmosphere and the Highbury Barn was closed. Since then, Highbury has been recognised as a desirable neighbourhood where comfortable living is the norm.
What’s going on with the property market in Highbury?
Property market in Highbury statistics, according to the latest Rightmove data:
Highbury, with an overall average price of £741,254, was similar in terms of sold prices to nearby Islington (£733,842) and Newington Green (£717,412), but was cheaper than Canonbury (£872,510).
In the past year house prices in Highbury were 3% up on the year before and 8% down on 2015 when they averaged at £801,619.
Most of the sales in Highbury over the past year were flats which on average sold for £576,860. Terraced properties had an average sold price of £1,234,680 and semi-detached properties averaged at £1,740,714.
Selling or renting? Get an instant property valuation in Highbury.
As this data shows, Highbury property prices have been affected by prime London property price falls brought on by Brexit, but experts say this shouldn’t deter buyers or investors - so long as they are looking for a long-term investment (more than three years).
Mansion Global recently published an interesting piece, stating that amid political changes, buyers - particularly foreign buyers - would be wise to consider prime central London. They state that a weak pound will bode well for dollar-based buyers, despite low-stock, and that a turnaround is underway:
“After the EU referendum in 2016, political flux and uncertainty stalled the market, but a turnaround is underway, with a 6.1% increase in sales agreed upon registered between July 7 and Aug. 10 compared to the same time last year, particularly in the east and northeast of England. The pace of London’s real estate market is picking up speed as well, with homes selling faster in August than they did previously this year. And in the second quarter of 2019, the price of prime London properties went up 3.1% from the end of 2018.
Prime real estate prices are still down compared to 2014, though, and the number of prime homes on the market is 12.5% less than it was last year.”
Property for sale in Highbury
While older period homes are always in demand, there are some very exciting opportunities to buy and rent new homes inside Highbury’s Arsenal Stadium. Spectacular flats give Arsenal fans everything from massive double-height windows to desirable open floor plans, modern staircases that lead to mezzanine levels where private baths and second bedrooms can be found. On the old pitch, beautiful landscaping surrounds community gardens.
On-site concierge, plenty of underground car parking, and an on-site gym are some additional amenities that make Arsenal Stadium ideal for anyone looking to purchase a new home or even invest in property to rent Highbury.
4 bedrooms, 1 bathroom, Riversdale Road, Highbury, N5
View property details.
2 bedrooms, 2 bathrooms, Highbury Stadium Square, Highbury, N5
View property details.
2 bedrooms, 1 bathroom, Wilberforce Road, Highbury, N4
£525,000 (Share of Freehold).
View property details.
3 bedrooms, 1 bathroom, Needham Terrace, Cricklewood, NW2
View property details.
Why invest in Highbury?
Besides offering a wonderful mix of villas and homes dating from the 1820s onwards, Highbury is centrally located a quick four miles north-east of central London, with an easy seven-minute journey to Oxford Circus. Lovely tree-lined streets front Victorian townhouses, wonderful shops and restaurants add ambience, and schools attract families with children. Cinemas and theatres rub shoulders with high-end chains and boutiques, and thanks to numerous award-winning eateries and bars, residents are spoiled for choice when hunger and thirst come calling.
Related: Portico Places in Highbury
There’s more to appreciate than the neighbourhood’s stunning surroundings though, particularly considering the current political climate and the potential for higher prices in the future.
As we mentioned earlier, house prices in Highbury are 3% up on the previous year, though they’re still much lower than they have been in previous years, so there are ‘bargains’ to be had. As Highbury is as desirable a neighbourhood as ever, its prices are likely to increase further when Brexit’s influence fades and London’s price falls come to an end.
For landlords looking to invest in properties to rent Highbury is the ideal locale, attracting young professionals who are willing to pay an average of £500 per week for a two-bedroom property, generating a yield of around 3.7-4.1%. Drill down into specific areas with our live and interactive London Rental Yield Map.
Get a free, online property valuation in 60 seconds
If you’re looking for estate agents in Highbury or would like to speak to our friendly team about our current investment or rental opportunities, give us a call today on 020 8500 1234.!!!!!!! Or, if you’d like a free, online property valuation on your current property or rental, head to www.portico.com/valuation.