London is packed with so many fantastic neighbourhoods and communities, finding the perfect area to live can quickly seem a little overwhelming. Since buying property in the capital always involves such a substantial investment, you’ll obviously want to make sure you’re spending your money wisely, which involves doing your homework and researching which part of London is right for you.
Depending on the size of your budget, this research will inevitably lead to a closer inspection of the leafy-green streets of Ealing, situated to the west of London’s bustling city centre. Often referred to as the “Queen of the Suburbs”, Ealing offers the irresistible combination of beautiful architecture and a scenic environment, while the town centre is undergoing a radical redevelopment scheme.
For those hoping to buy property in Ealing this year, you’ll need to understand exactly why the area is so popular with prospective buyers and what sets it apart from other London boroughs. After all, you’ll want to know whether this is an investment worth making…
House Prices in Ealing
The uncertainty surrounding Brexit has had a damaging effect on many parts of London. Overall, house prices in the capital have fallen by 3.8% in the year to February, with the average property dropping in value by just over £18,000 in the past 12 months. The biggest drops have come in Kensington and Chelsea, with these affluent areas falling in value by 7%.
Now that the Brexit deadline has been extended until the end of October, buyers remain reluctant to invest in the capital until the impact of Britain’s EU withdrawal has become much clearer. According to the latest data from Zoopla, however, prices in Ealing have remained steady at just over £726,000, increasing in value by 4.96% in the year to May.
Although these growth rates are undeniably much slower than usual, Ealing is one of the few areas in London which continues to thrive in the face of Brexit. Providing buyers with a selection of magnificent Victorian and Edwardian homes, there’s little wonder as to why the market remains so active.
Town Centre Development
Ealing’s town centre has undergone a rigorous redevelopment scheme over the past few years, with significant improvements made to housing, parks, transport links and even the historic Pitzhanger Manor and Gallery. These schemes have also led to the creation of countless new property developments, restaurants and shops in the area, as Ealing becomes much more than just a convenient location for commuters.
Since this development programme is set to continue for the foreseeable future, these impressive improvements are expected to cause a significant increase in house prices. By investing now, when prices continue to stagnate, you stand to make a significant profit once these improvements have been made.
For many buyers, their attraction to Ealing stems from the small-town charm apparent throughout the area. Despite sitting just a stone’s throw from the capital, Ealing has always been a more peaceful part of London, with the tree-lined streets and gorgeous parks contrasting sharply to the chaos of the city centre.
At the heart of this suburban district lies an incredible community, with residents growing incredibly attached to the area and often getting involved with the ongoing redevelopments. This kind of small village atmosphere may seem strange so close to the city centre, but it’s exactly what makes Ealing such a fantastic option for families hoping to move to the area – along with the fantastic schools.
The sheer number of community events, such as the hugely-popular summer festivals, mean that you’ll quickly get to know your neighbours and the other locals; as you become a part of this friendly community and begin to settle down.
Ealing has always been a commuter’s dream, with the Ealing Broadway, West Ealing and North Ealing underground stops shuttling you into the city centre in no time at all. Since the Central Line runs directly through it, Ealing provides you with direct access to all the major London landmarks, making it incredibly easy for you to make your way around the city.
Additionally, Ealing looks set to benefit from the brand-new Crossrail line currently being developed in the capital, with improvements at the Ealing Broadway station accommodating the increased capacity of the new Elizabeth line trains. This high-speed rail network will travel from west to east London, and Ealing lies right at the centre of it.
Find Property for Sale in Ealing
Ealing is a beautiful, friendly part of London which remains incredibly popular with families, young couples and busy commuters. The stunning architecture and development of the local area makes this a great place for you to settle down in the long-term, with the ongoing Brexit uncertainty offering a fantastic time to invest.
Blackmore Homes currently has an incredibly exciting property development just a 15-minute walk away from the Ealing Broadway station. Named The Park, this new development comprises of 8 mews houses and sits in a peaceful part of the borough, with each property offering 4 bedrooms, 3 bathrooms and a private garden.
Ideal for growing families, The Park puts you at the very heart of Ealing, allowing you to enjoy everything that makes this part of London so special.