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Investing in Clerkenwell – The New Posh London

The Good. Clerkenwell, what’s going for it? In 15 years, Clerkenwell has very much established itself as posh and cool venue for young professionals wanting to live in central London.
The area which was long known for industrial manufacturing, warehousing and its macho culture built around slaughterhouses got all posh in the 90s. Uniquely known for its 17th Century buildings locked in between 60s estates which are themselves neighbouring baroque churches and quaint local pubs has a little secret for all who live in London.

The Bad. The case against it is it is not at all cheap and Clerkenwelly types have a special way about them.

Well connected. You can walk to everywhere in central London, from the West End, City, East End, the Thames. But equally well provisioned in public transportation. The Central line is just to the south, the Northern to the east, the Piccadilly west and the Circle and Metropolitan go right through the middle.

About the schools. Primary schools: There are some great ones like Hugh Myddelton, St Lukes, St Peter & St Paul RC and Christopher Hatton. Secondaries are also nearby: Central Foundation boys school is close by. Maria Fidelis RC is another to consider.

Where to hang out. Visit the Jerusalem Tavern for a quiet pint. Muratori is a Cabbies’ favourite for egg’n’chips.

Where to buy. There are a number of terraced and town houses to choose from, on the expensive end you have the Georgian and Victorian designs (nice spots include around Amwell Street, Exmouth Market and Whitecross Street); there are also ample converted warehouse apartments which are great estates, most are post-second world war, some listed, like Spa Green or Golden Lane or the famous Barbican.

The prices. At the bottom end you could pick up an ex-council one-bed from £180,000. While period conversions and warehouse apartments start at £300,000 for one bed. And the small terraced houses start from £900,000 for small terraces to £3m for four-bed Georgians.

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