Nine Elms – A Hotspot for Investors and Homebuyers in London’s Zone 1

Home to popular South-West London landmarks and newly created public spaces, such as the renewed Battersea Power Station, Thames Pathway and New Covent Garden Market, Nine Elms has transformed into a hub of residential activity in London’s thriving property market. In addition to being a sought-after rental hotspot just south of the River Thames, investors are realising the potential of buying a property in Nine Elms and its desirable SW postcodes.

With a dedicated branch at Nine Elms Point, right next to the Nine Elms Tube Station, Benham & Reeves has supported property buyers and investors in making the most of this new neighbourhood. Let’s understand what makes the area so popular to live and invest in.

Zone 1 location just minutes from central London

Living in a Zone 1 location brings all the attractions of the West End and the business, financial and academic districts of the Square Mile within a short commute of 15 minutes. With the expansion of the Northern Line from Kennington to Battersea Power Station via Nine Elms, working professionals can now reach their offices quickly, and students can also attend top universities such as ICL, UCL, King’s College, LSE, and others with ease. This improved connectivity has led to an increase in housing demand.

Abundant parks and outdoor spaces

As an area that has undergone massive regeneration over the past few years, leading developers, with support from the local councils, have ensured the area gets an entirely new riverside identity. Tucked between the leafy Boroughs of Wandsworth and Lambeth, Nine Elms benefits from access to open green spaces. Whether visiting the Peace Pagoda and feeding lemurs at the Children’s Zoo in Battersea Park or just strolling across the green corridors of the famous Linear Park to Vauxhall, families and locals make the most of these beautifully landscaped parks.

Vibrant city life and American appeal

Whether it is the making of Hollywood blockbusters like Batman and The Children of Men, Apple’s 500,000 sqft headquarters or the US Embassy deciding to move office from Mayfair to Nine Elms, the area does have an American feel to it. Locals and visitors enjoy a wide selection of trendy bars, restaurants, cafes, and the activity opportunities offered by off-beat sporting venues like Crazy Golf and AI-powered ping pong at Bounce. The high-end shops and restaurants by celebrity chefs like Gordon Ramsay at Battersea Power Station have made this new shopping venue more popular than Westfield.

New homes and investing in an Opportunity Area

As a designated Opportunity Area, regeneration is at the heart of Nine Elms, Vauxhall and Battersea. With a flourishing rental market of new-build-seeking tenants, buy-to-let investors will be thrilled to know that rents in the area have increased by 15% in the last two years, outperforming the Zone 1 average of 9%. A collection of brand-new developments with cutting-edge amenities, such as London Square Nine Elms, Embassy Gardens, Damac Tower and One Thames City, not only given the area’s skyline a global appeal but has also brought in investment from all over the world.

Insights from our local branch at Nine Elms

As one of London’s longest-serving estate and lettings agencies, we have property experts who are also locals of the area and share helpful insights about the neighbourhoods they serve. Our Nine Elms branch manager, Sarah Edwards, speaks about the rental trends our local branch has picked up. “Nine Elms is hot for property investors owing to high rental demand from students and working professionals. Although King’s College has accommodation for UK students in the area, many overseas students from nearby colleges, including King’s, UCL, and the Royal Academy of Arts and Dance, prefer to reside here.

Sarah also speaks about the high demand from working professionals, “With the work-from-office trend picking up post-COVID, we have seen many enquiries from working professionals who need to commute to the City and other parts of central London. Furthermore, the emergence of new developments with world-class amenities is another factor that has led to a demand rush. Whether you want to experience swimming in a Sky Pool, relax at a roof-top lounge, or need dedicated study and workspaces, these latest residential developments have it all.”

Why choose Benham & Reeves as your investment partner?

Backed with over 65 years of experience and 21 branches across the UK Capital, we bring you the best investment opportunities in London. We also go beyond just finding you the right property, as our experienced and professional teams will also guide you throughout your investment journey. Whether it’s your next London home or an investment that you wish delivers promising returns, contact us today to know more.

Source for rental growth in Nine Elms and Zone 1: Dataloft