Oval and Kennington: London’s newest hotspots?

Berkeley Homes announces the launch of Juniper Gardens – the latest phase of homes at its Oval Village development in Oval and Kennington..

TFL’s Northern Line extension is on track to launch as planned this autumn with Kennington Station re-zoned from Zone 2 to Zone 1, cementing the area’s city-centre proximity. Coupled with the neighbouring high-profile Nine Elms regeneration, Oval and Kennington are set to become the capital’s newest hotspots. Ideal for buyers looking to tap into this opportunity, Berkeley is launching Juniper Gardens – the latest phase of homes at its Oval Village development – as well as a stunning new showroom on 15th May.

Estate agents in the area concur with the ‘hotspot’ analogy. Georgina Woods, Operations Manager at Chestertons, comments: “Oval is a vibrant part of London that caters to everyone’s tastes. With the easy commute into Central London and plenty of green spaces, Oval offers the village lifestyle that a lot of Londoners now crave. The re-zoning of Kennington tube station will undoubtedly cause a surge in demand in the area, and certainly, an uplift in property values. According to Rightmove (March 2021), searches have doubled in areas like Nine Elms, Battersea, and Clapham and all of the top 10 latest rental hotspots are in Zones 1 & 2. The rise in Zone 1 searches may come as a surprise with the recent pandemic, however people are as keen as ever to live in Central London.”

Jonathan Roberts, Associate Director – Direct Sales at Strawberry Star agrees: “We anticipate that both the opening of the Northern Line extension and the re-zoning of Kennington station to Zone 1 will lead to property prices rising in the area. The station’s Zone 1 status will strengthen the perception of Oval’s proximity to Central London. Better connectivity with Battersea and lower ticket costs will undoubtedly benefit local residents and be an added attraction for people moving into the area.

“The growing popularity of Battersea has resulted in prices rising there, which makes Oval good value in comparison. Prices have been stable over the past year, largely because of the reduction in international buyers owing to travel restrictions, but this is likely to change as the market recovers. There are good opportunities to buy off-plan now and to benefit from anticipated future rises.” Adam Anker, Sales Director at MyLondonHome says: “We have seen property sales increase in Oval and Kennington over last year with a shift towards owner/occupiers; many are London-based and first-time buyers, driven by the stamp duty holiday. The transport links are a strong attraction, as is the area’s large amount of green space, which has become a priority to many people following lockdown.”

Oval is an established, boutique area with plenty of independent shops, cafés, restaurants and great pubs, as well as parks. It is on the fringes of the Vauxhall Battersea Nine Elms Opportunity Area, with all the opportunities this rejuvenation brings, but is quieter than Battersea and Vauxhall.

The first collection of homes at Oval Village has attracted a wide variety of buyers seeking an apartment in an up-and-coming area close to the heart of the capital, but without the price tag that comes with a Central London property.

With the launch of Juniper Gardens, buyers have a fantastic choice of Manhattan, one, two and three-bedroom apartments set in a 16-storey building overlooking beautifully landscaped gardens. Every apartment features a balcony. Residents will benefit from a range of amenities comprising a 24-hour concierge, 22-seat cinema, private gym and fitness studio, swimming pool and spa, which will all be included in a future phase of development. The beautiful new showroom, located at the sales and marketing suite, showcases Berkeley’s attention to design detail; its refined, minimalist material palette creates a modern look.

Marc von Grundherr, Director, Benham & Reeves, adds: “In our most recent survey of tenants, it’s clear how the priorities of London residents have changed since the pandemic started. In October 2019, residents were looking for quick transport links, cinema rooms and proximity to restaurants. One year on, high-speed internet, private outside space and landscaped gardens are top of the list. Buyers at developments like Oval Village, including those purchasing an investment property, can tick every box and benefit over time from a substantial uplift too.”

Paul Vallone, Divisional Managing Director Berkeley, comments: “Oval is a really fantastic place to live; it has long been favoured by city dwellers looking for value, green space and excellent transport connections close to the centre of the capital. Berkeley’s Oval Village development provides an exciting opportunity for buyers who want to live amongst a new community and benefit form a wide range of excellent facilities on their doorstep. Those who reserve now, during the early phases of this significant regeneration scheme, can be the first to benefit from its expected growth potential.”

Oval and Vauxhall stations are a seven-minute walk from Oval Village. Oval is on the Northern Line (trains reach Bank in nine minutes), while Vauxhall is on the Victoria line – Victoria can be reached in four minutes and Oxford Circus in nine minutes. Trains from Kennington, an 11-minute walk from the development, stop at the new stations Nine Elms and Battersea Power Station.

Some of London’s best schools and universities are within easy reach of Oval Village, such as Harris Academy in Battersea, King’s College London and the LSE. There are also many parks and commons in the area including Kennington Park, five minutes’ walk away.

Prices at Juniper Gardens start from £575,000 for Manhattan apartment. To book a private appointment to view the new showhome, or to be guided through a virtual tour, please call 020 3797 0025 or visit www.ovalvillage.co.uk

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