06 Nov Spotlight On Loft Conversions In Lewisham
Lewisham is an area of south east London, just 9.5 km south of Charing Cross. It boasts many famous sons and daughters including Kate Bush, Mica Paris, Gary Oldham, Sid Vicious, Bill Wyman and Natasha Bedingfield to name but a few.
While the area may have not have been one of the most desirable areas of London to live, the times they are a changing and an Evening Standard article reported that ‘newcomers are now staying in Lewisham, either trading up or building into the loft when they need more space’. The latter is something that Econoloft can certainly agree with, as we are seeing a lot more customers asking us to improve their Lewisham home as extending up rather than moving, is much more cost effective.
Foxtons estate agents say the average sold price in Lewisham has increased by just over 4% in the last year with the average property price £481,266. Robinson Jackson estate agents also name the borough as one in which house prices are growing the fastest.
If you live in Lewisham and want to get more space for a growing family, you will need to consider if it is worth spending so much and adding thousands to your mortgage just to get an extra room or two when a loft conversion is likely to be a much better financial option – and now is the perfect time to have a loft conversion in Lewisham.
In the same Evening Standard article, local estate agent Tony Ravenscroft describes the whole of Lewisham as up and coming. It is changing at a rapid pace with numerous exciting developments in progress or soon to start. There are new schools, new leisure facilities and improved shopping and recreational opportunities for families to take advantage of. The area already boasts one of the highest number of parks and green spaces in London.
The superb transport links are also a major draw for commuters. London Overground and underground connects more of Lewisham with central London and it’s pretty painless to reach Canary Wharf, the City, London City Airport and the new international rail terminal at Stratford. The proposed Bakerloo line extension, will start at Lewisham, with faster journeys to the West End from 2028/29.
Walking around the area, the fine Victorian homes are an indication of just how smart this area once was in its heyday and it even had London’s first conservation area in Blackheath. Now it looks like Lewisham is about to come into its own again which means this is the perfect time to either invest in the area or invest in the home you have in the area.
Many commentators agree that a loft conversion is often the best way to add value to a property – some have quoted up to 22% – that’s a lot of money to an average property price of £481,266. Don’t miss out on this great opportunity and make a no obligation appointment today to see how Econoloft can add space and value to your Lewisham home.