New Cross is a district and ward of South London in the London Borough of Lewisham, England. It is situated 4 miles south-east of Charing Cross. New Cross is near St Johns, Telegraph Hill, Nunhead, Peckham, Brockley, Deptford and Greenwich. New Cross is home to Goldsmiths, University of London, Haberdashers' Aske's Hatcham College and Addey and Stanhope School.
The property prices in New Cross have risen a considerable amount in the recent years and have attracted buyers from other parts of London where an average buyer has been priced out. The A2 has its benefits: it means prices are low (for London). Telegraph Hill is the posh bit, and east of Lausanne Road: sizeable Victorian semis and leafy streets. Otherwise it's about winkling out little fragments amid the melee – the odd Georgian gem, say, amid New Cross's mostly Victorian streets, big semis, £700,000-£1m. Terraces, £300,000-£800,000 (huge). Period conversion flats, £140,000-£340,000. Purpose-built flats, £115,000-£175,000. Lettings is extremely popular in the area due to high demands from students and professionals coming into the area with an average rent in the area of £1,769
New Cross, Peckham and Deptford all have their own sense of community and local support group. There is a definite buzz about the area and New Cross is in the centre of it. Local residents consists of families looking for good schools for their children, students due to Goldsmith University and a whole of hosts of artistic individuals in music, art and television. Due to many schools in the area, the town is bustling with school children and young couples looking to settle down in their first home.
New Cross and the surrounding areas are steeped in history. It has cultural history connected with several writers, musicians and artists such as Blur, Dire Straits, Glenda Jackson, Gabrielle, Samuel Pepys, John Evelyn, Robert Browning, Jimi Hendrix to name a few. Historically the town played a major part in world war with the main telegraph posts built in the area now known as the popular residential area of Telegraph Hill.
The benefits of living in New Cross are many; the rail network is excellent and you get to Canary Wharf from Deptford Bridge and the DLR, London bridge is one station away from both New Cross Gate and New Cross station and Queens road for Cannon Street. Main south east Bus depot is also based here and access into and out of London is very easy. The property prices and the cost of living is also cheaper and draws both investors and first time buyers into the area. There is also a buzz about the place; a historic feel with some beautiful architecture and numerous famour bars, inns and clubs to enjoy.
The area including Peckham, Depford and Brockley all consist of a mixture of period three to four bedroom properties to suit families and the sought after Telegraph Hill offers free admission to Habberdasher school and families flock into the area for schooling and colleges. The area also benefits from period conversion to attract first time buyers, both one and two bedroom properties and several are also available for refurbishment which attracts the investors into the area. High volume of Lettings market in the area and there is a high demand from students to let large houses. Area also has a good choice Ex local flats and houses which makes it easier for families on a budget. New Homes are towering in Deptford and the surrounding areas have benefited from a new infrastructure and re-generation.
There is a whole host of different style of properties available for any discerning buyer. Whether you are looking for a period family home, or an investor property on a buy to let. An average house price is around £550,000 and an average one bedroom flat £250,000. New Cross is situated at the gate way to the city and you are not far from a major road which will take you outside and into the suburbs of London. There is a good and strong infrastructure to accommodate families with good schools, colleges, hospitals whilst the prices are more affordable than the more central or eastern part of the city.
Rental market in New Cross, Peckham, Brockley and Deptford is booming and the rents have gone up tremendously in the last two years bringing more investors and tenants into the area. There is a high demand from students and professionals alike. Rent for an average studio is around £850 per calendar month, one bedroom being around £1000 and three bedroom houses start from £1800 per month as a minimum. The area benefits from excellent commuting facilities; with New Cross Gate, New Cross, Deptford and Queens road stations which makes living and working easy.
New Cross and all surrounding areas benefit from main super markets such as Sainsburys', Asda and Tesco. You will find local cuisine to include such as Jamaican restaurants, Nigerian and Chinese cuisine and several good local pubs and cafes
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