Logo

Hampstead hotspot: young professionals flock to NW3

PUBLISHED: 15:30 20 April 2017 | UPDATED: 17:37 24 April 2017

Hampstead is the most expenisive area for young urban professionals, with an average houe price of �1,352,836

Hampstead is the most expenisive area for young urban professionals, with an average houe price of �1,352,836

Archant

Hampstead is the ninth most popular choice for young urban professionals, and the most expensive choice on the list.

House hunters will expect to pay a premium of �307,775, or 29 per cent, for a home in NW3. House hunters will expect to pay a premium of �307,775, or 29 per cent, for a home in NW3.

Hampstead has been revealed as one of the top ten most popular places for young professionals to buy a house.

It ranked ninth on the list of the top 20 areas with the most property sales to young professionals, according to a report from Lloyds Bank.

The area is the most expensive for young urbanites, with house hunters paying a premium of £307,775, or 29 per cent, for a home in NW3, but they’re clearly prepared to pay through the nose for the postcode.

Lloyds Bank mortgage products director Andrew Mason said: “Aspiring young professionals are typically well qualified, in well paid jobs and tend to live in areas not far from the city centre where they work. These are also places where they can enjoy easy access to green space and a range of places to socialise. These buyers also don’t appear to be put off by the significant premium in price to live in areas popular with young professionals.”

Hampstead ranked above Paddington, Hammersmith and Fulham in terms of expense, with house prices on average costing £1,352,836. However, it placed behind fashionable SW postcodes Wandsworth, Wimbledon, Fulham, Battersea, Tower Hamlets and Streatham in terms of popularity. Brighton also ranked above Hampstead with Hove topping the list as the most popular choice for the third year running.

52 per cent of London’s working population are aged between 25 and 44, so it is unsurprising that 16 of the top 20 areas attracting young professionals are in the capital. In second place, premiums in Wandsworth are just 2 per cent when compared to the local area. The highest London premium paid is in Chiswick, where properties fetch 76 per cent more than in Hounslow as a whole. North London’s Kilburn and Hampstead follow in second and third place.

On average, young professionals are paying a premium of £71,000 to live in the top twenty most fashionable areas when compared to the wider city or local authority. The average house price in the twenty most favoured areas is £735,874, 13 per cent higher than the £664,716 paid in the surrounding locality.

Number crunching:

Average house price in Hampstead: £1,352,836

Average house price in main city/local authority: £1,045,061

Premium young professionals would pay: £307,775 (29 per cent)

Related articles

Property search


e.g. Oxford or NW3
Powered by Zoopla

Other Hampstead and Highgate property news

Home of the week: Handsome 5 bedroom property in Hampstead perfect for a family

On the market for the first time in many years is this attractive, substantial detached double fronted family house located in a prime location.

Fancy owning a Picasso? It’s not impossible says Belsize Village gallery owner

Emma Rice talks to Andrea Sylvester about art and how we could all potentially own a Picasso or a Chagall, if that’s what we love

Callender Howorth interior designers transform Grade II-listed home in Hampstead Heath

Mark Howorth, the founder of luxury interior design firm Callender Howorth, tells us how he brought elegant Indian influences to a period property on NW3’s Heath Drive

Primrose Hill artist Michal Cole on transforming her paintings into woven masterpieces

“It’s actually bringing these paintings back into what they used to be in the Renaissance times – as tapestries.”

Home improvements: How to make a rustic hanging rail

Fancy getting stuck into a creative project? Try your hand at woodworking and hang your coats on this minimalist marvel.

Home of the Week: Handsome four-bedroom Victorian terrace in Dartmouth Park

An attractive four-storey Victorian family home on the upper slopes of peaceful Dartmouth Park

King’s Cross area guide: shopping, culture, eating out and the station

Your guide to all the things to do in King’s Cross, including the best shops, cafes, pubs and schools. Plus our guide to property in N1C

Three properties for sale in King’s Cross

Here are three properties you can buy in King’s Croos, from new builds to conversions

1930s garage transformed into 10 luxury apartments in Belsize Village

A Belsize Village car repair and parking depot dating back to the 1930s has been transformed into a luxury apartment development.

Escape to the garden: Primrose Hill home gets a new luxury retreat

Chalk farm engineer and treehouse specialist talks about co-designing a new Escape Pod that can sit at the bottom of your garden

Home of the week: Room for all your earthly possesions in sought-after Hampstead enclave

An accommodating and beautifully presented, five-bedroom family house, set in the desirable South Hill Park Conservation Area.

Gardens: How best to stock your pond with fish

From picking suitable species to ensuring your pond is safe, Hannah Stephenson runs through some key points to consider before you start.

Hampstead Village to be home to first new build residential block in 20 years

Linton Group have announced Novel House in New End, with seventeen luxury apartments

West Hampstead area guide: shopping, restaurants, schools and transport links

Your guide to all the things to do in West Hampstead, including the best restaurants, shops, bars, cinemas and schools. Plus our guide to property in NW6

3 top properties you can buy or rent in West Hampstead

Here are three properties available to rent or buy in West Hampstead

Want to create a breeding ground for butterflies? You’ll need nettles and long grass

As the charity Butterfly Conservation celebrates its 50th anniversary, its garden expert Natalie Ngo explains how to help the beautiful insects thrive.

Benham & Reeves bought by fellow estate agent chain Dexters

North west London estate agent Benham & Reeves has been taken over by fellow estate agent chain Dexters.

Listed Property Awareness Week: Living in a house with legacy

With more than 5,600 listed buildings in the borough of Camden, many of which are homes, it’s important to know the challenges you face as an owner and how to deal with them. Listed Property Owners’ Club can help

Primrose Hill area guide: Enjoy shopping and eating out in an upmarket village atmosphere

Your guide to all the things to do in Primrose Hill, including the best restaurants, shops, bars, schools and things to do. Plus our guide to property in the area

Three top properties for sale/rent in Primrose Hill

All properties on the market with Goldschmidt & Howland; 020 7043 4433; g-h.co.uk

How to make a bird’s home a happy one

Planning to do your bit for National Nest Box Week? Experts

offer 9 tips to make sure you get the best nest boxes.

Looking for help to get on the ladder? Head to the First Time Buyer Home Show in Stratford for advice on schemes, developments and mortgages

Help is at hand for first-time buyers looking to buy their first home in London

The mortgage time bomb: What interest-only borrowers need to know

Did you know that some home owners could be at risk of losing their property for good - because they’ve ignored correspondence from their lender about how they plan to eventually clear their mortgage debt?

Home of the Week: Apartment in Phillipe Starck designed development

A stunning duplex apartment in The Yoo Building in St. John’s Wood.

Most Read

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

2018 © Archant Community Media Ltd

Terms and conditions | Cookie policy | Jobs at Archant