South London’s newest property hotspot is...Earlsfield

Property portfolio manager, Young Group, has identified Earlsfield as South London’s latest investment hotspot and has acquired The Retreat, an £11m development off Garrett Lane, to offer to its investor clients.

Neil Young, CEO of Young Group, comments: “We’re confident that Earlsfield is currently undervalued and The Retreat was a great find. It represents exceptional value within South West London’s stable market and is an ideal fit for investor clients seeking to bolster their property portfolios with a long-term investment that contributes low risk, stability and diversity.”

The Retreat is an exclusive development of just 26 one, two and three bedroom private luxury apartments. Prices start from £260,000 and completion is scheduled for Summer 2008.

Commenting on Earlsfield, Neil points out: “Neighbouring Wandsworth, Clapham, Battersea and Putney are all synonymous with young professionals, but are rapidly becoming unaffordable for all but the most affluent. Earlsfield is ideally situated to benefit. The area has everything that its neighbours enjoy but, perhaps surprisingly, property prices still represent significant value. We believe this is set to change. Being surrounded on all sides by more affluent and desirable places to live, Earlsfield is set to be transformed by the ripple effect that has benefited nearby Balham, Tooting and Wandsworth.”

The Retreat compares very favourably with property currently available in the area. 1 bedroom new build apartments in SW18 (which covers Earlsfield, Wandsworth and Southfields) can sell for up to £310,000 (a new build on East Hill being marketed by Cochrane and Wilson). John G. Dean and Co are currently marketing a ground floor 2 bed maisonette on Swaby Road, Earlsfield for £420,000. Prices at The Retreat start from £260,000.

The area’s rental market is strong with 1 bedroom apartments renting for between £250 and £275 per week (Voltaire, Garratt Lane), 2 bedroom flats ranging from £300 to £450, and the few 3 bedroom units that are available are going for more than £500 per week.