Clerkenwell has a very interesting history. Once a hotbed for activism, it became a champion of design and creativity. Traditionally the area was home to a number of talented craftsmen, including watch and clock makers, printers, and book binders. It is now host to an annual design week that celebrates creative people from the UK and around the world.
It was the modern creative industry that brought about a huge transformation in the area. It had been on the decline since the loss of a number of industries but the abundance of warehouse spaces were attractive opportunities for studios and modern flats. Conversion helped to make them more suitable for these modern purposes and gave new life to the area.
The second wave of change hit Clerkenwell over the last few years and is continuing at a good pace. New homes are being created and transport links are improving thanks to Crossrail. In fact the station at Farringdon will become one of the busiest hubs in the capital; when services are all up and running it will offer trains and connections to three Tube Lines and Thameslink.
Clerkenwell has become an area that is predominantly home to professionals, including those who commute into the city. Homes here are very attractive if you are looking for the best opportunities for property investment Islington has to offer. This is because they retain great value and there is always demand from new young professionals.
Modern flats, particularly those in great locations such as the riverside warehouse conversions, are just as popular as larger period houses. Be careful to look for areas where properties can offer good premiums such as proximity to amenities; these are in the highest demand.
At Finefair we can help clients who are looking to narrow down the opportunities for property investment Islington has to offer. Our team are supportive and knowledgeable, working closely with investors to get to know their needs and offer the best suggestions.
If you have any questions for us we are just one call away.