Hampstead Vs Highgate - Buying A Large Family House
Hampstead and Highgate…
Two of the most sought-after areas in all of London in which to buy a large family house.
They are two quintessential English villages and are both within easy each of Prime Central London (PCL).
They are separated by Hampstead Heath (with Hampstead to the south/south-west and Highgate to the north-east of the Heath).
So, why would Hampstead or Highgate appeal to potential family house buyers?
Historically speaking, both have been very popular with Londoners that are after a quieter lifestyle and beautiful surroundings.
Both Hampstead and Highgate offer incredibly peaceful lifestyles and the Heath itself takes all of the stresses away from a work day in PCL…
You can also buy considerably more for your money in these locations in comparison to PCL…
As an example, the most expensive house currently for sale in Mayfair is on the market for £35,000,000. It is 8,513 sq ft, making it £4,111…
In comparison, the most expensive house currently for sale in Hampstead is on the market for £25,000,000. The main house and the rest of the buildings on the 1-acre estate add up to a total of 13,761 sq ft of space, making it £1,816…
The most expensive house currently for sale in Highgate is on the market for £35,000,000. The main house and the rest of the buildings on the 2+acre estate add up to a total of 18,239 sq ft of space, making it £1,919…
Both of these huge houses in Hampstead and Highgate are less then HALF the price/ sq ft of the house for sale in Mayfair!
The Commute To Central London
The commute from Hampstead underground station to Green Park station in Mayfair is 18 minutes via Euston underground station.
The commute from Hampstead underground station to Canary Wharf station is 35 minutes via Waterloo station.
The commute from Highgate underground station to Green Park station in Mayfair is 21 minutes via Warren Street underground station.
The commute from Highgate underground station to Canary Wharf station is 36 minutes via Waterloo station.
“Both Hampstead and Highgate offer incredibly peaceful lifestyles and the Heath itself takes all of the stresses away from a work day in Prime Central London.”
NW3
Looking at Hampstead’s NW3 postcode, values have increased by 6.32% over the course of the last 12 months and have risen by 11.36 % over the course of the last 5 years.
The peak completion month has been March with 58 average sales over the course of the last decade.
Over the course of the last 12 months, there have been 116 sales at £2,000,000 and above (yes, 116!).
At the time of writing, there are 27,584 properties in NW3 and the population of the area is 43,932.
N6
Looking at Highgate’s N6 postcode, values have increased by 15.36% over the course of the last 12 months and have risen by 4.19 % over the course of the last 5 years.
The peak completion month has been July with 26 average sales over the course of the last decade.
Over the course of the last 12 months, there have been 39 sales at £2,000,000 and above.
At the time of writing, there are 9,241 properties in NW3 and the population of the area is 17,836.
Would a lower price per sq ft in both Hampstead and Highgate (purchasing far more your money!) as well as a greener and quieter lifestyle ever tempt you to buy a large family house in either of these areas?