London’s Hottest Hotspot: It’s All About Peckham

Introducing GJM Gareth James Property

Peckham is now the hottest investment spot in the UK for properties under £1.5 million, according to the district’s premier estate agent, GJM Gareth James Property.

“Prices have risen as much as 45% in the last 12 months and well over 100% in the last five years. Rental rates are also beyond what even we could have imagined.” according to GJM’s founder and managing director, Gareth James Mozley. The figures speak for themselves.

Likewise, rental investments are still rising and capital growth on investments in Peckham are still outstripping those in most other parts of London or the UK.

Gareth James Mozley explains: “The reason for this extraordinary uplift is that when prices shot up in the more salubrious parts of London, other neighbouring areas like Peckham were left behind. Despite its fantastic Victorian architecture and proximity to the City, Peckham was overlooked for years, and therefore under-valued.

“Peckham has now benefitted from £290 million regeneration in the late 1990’s, the demolition of old council estates and many £millions of private investments in the form of home refurbishments, new café’s and independent bars.

“Its status was transformed by its recent move on to the main train line, with journey times in to Victoria and London Bridge as fast as seven minutes.* However, it is still a comparatively cheap, attractive, cosmopolitan and vibrant place to live**. As more professionals are priced out of the more expensive districts, many move to Peckham, where prices are still affordable to many buyers*** and investment uplift still has plenty of room to grow.”

With its finger firmly on the pulse of Peckham, GJM Gareth James Property is the estate agent that would most likely to be chosen as the ‘choice’ of Peckham.

The company was founded in 2001 by husband and wife team, Gareth and Jane Mozley, and, according to client feedback, has become known as the most honest, reliable, and knowledgeable, informed, friendly, professional and popular estate agent in Peckham.

Gareth explains: “We are not corporate estate agents. Our integrity and professionalism is of corporate standards, but our team is made up of knowledgeable local people. We like to think of ourselves as much warmer, passionate about Peckham and passionate about what we do than a corporate agency. We love Peckham - we understand it – it’s our patch!”

Soon to be opening its second office, GJM Gareth James Property will be the only estate agent with two Peckham branches.

GJM Gareth James Property now has a press office within Sky Communications International and is available for press comment, wonderful property images and up to date information on property for sale and for rent in Peckham.

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For further information please see: www.GJMproperty.co.uk

Press contact: Julia Arnold, Sky Communications International, 01403 711 639

email: julia.arnold@skycommunications.co.uk

Editors’ Notes:

*The status of Peckham has recently been changed by its move on to the London Overground Service line from Clapham Junction. Peckham Rye and north Peckham’s Queens Road Station are both on this line, with train journeys now as short as seven minutes to London Bridge and 13 minutes to Victoria. Direct trains also run to Blackfriars, Kings Cross St Pancreas, Farringdon and Elephant & Castle.

**There are numerous new and regenerated bars, restaurants, cafes, galleries and boutique shops in Peckham since the regeneration. In addition, its proximity to London Bridge brings it in to all the attractions along the South Bank, including The Tate Modern, The Globe Theatre, Royal Festival Hall, the British Film Institute, The Oxo Tower and The London Eye.

Even in the cheapest parts of Peckham where Victorian terraces cost less than £575,000, you can walk out of your front door and twenty minutes later be walking through the front door of The Shard at London Bridge (just seven minutes away from North Peckham’s, Queens Road Station

*** Flats in Peckham are available to buy from as little as £125,000 and houses from as little as £370,000 (Rightmove February 2014)

EXAMPLES OF PECKHAM PRICE AND RENTAL RISES:

Press Contact:
Julia Arnold
Sky Communications International
44 (0)1403 711 639

julia.arnold@skycommunications.co.uk