Up and Coming Area: Dalston

20/02/2013 07:31:05

Up and Coming Area DalstonLooking for a village that combines easy access to amenities, improving transport links to the heart of London and close proximity to the Olympic Village? If so, check out the up and coming area of Dalston. A district of east London located in the London Borough of Hackney, it’s currently looking good for anyone who wants to live in an area that’s been highlighted for redevelopment and take advantage of what’s been dubbed ‘the Olympic effect.’

Here, we take a good look at Dalston. What makes it an up and coming area? What property types are available? How much can you expect to pay for a 1-bed flat or a 3-bed family home?

We also take a look at local amenities, schools and travel links.

If you do choose to make a buy-to-let investment or purchase for personal residential use, you’ll benefit from your property being situated near the Olympic Games sites and a mere 6.4miles from Charing Cross station.

Gentrification has made Dalston into an up and coming area and led to property and rent rates increasing rapidly since London’s successful bid to host the 2012 Olympic Games.

Property Types and Prices

Choose between 1, 2 and 3-bed flats and 2-6 bedroom houses. From spacious ex-council properties to gleaming apartments in brand new developments, the up and coming area of Dalston has a good variety of properties that are currently reasonably priced for an area so close to the City.

1 and 2-bed flats are currently available from £170k -around £260k. A 3-bed flat currently costs between £280k and £440k for a split-level apartment in a converted Victorian school.

There are some bargains to be snapped up if you’re prepared to modernise. Dalston has a number of 1 and 2-bed flats in need of refurbishment for around £130k.

There are spectacular 5 and 6-bed properties available at the higher end of the price spectrum, including brand new builds spanning 2 floors near Benyon Wharf. You can expect to pay over £520k for a 4-bed property of this type in Dalston.

Sandringham Road and Colvestone Crescent are good places to look for those in search of desirable streets with Victorian terraced housing, town housing and exclusive apartments.

What are the Travel Links Like?

Any up and coming area must be well connected and Dalston is no exception. The district of Dalston boasts its own railway station – Dalston Junction Station - which has been reopened relatively recently and is on the London Overground East London Line, in Zone 2. Services currently run to Highbury & Islington, New Cross, West Croydon and Crystal Palace.

The East London Line extension opens in 2012 and will connect Dalston to Clapham Junction.

Drivers are able to join the M11 at junction 4.

How About Schooling?

Schools are the only fly in the ointment when you consider Dalston as an up and coming area. There are quite a few to choose between but they aren’t high performers in the league tables.

Are the Amenities up to Scratch?

An up and coming area needs to have good amenities or be within close proximity to them. Dalston certainly isn’t short of shops and has a lively, friendly and accepting atmosphere with an ethnically varied population. You’ll find a huge choice of Caribbean foods in shops and cafes along Ridley Road and an increasing number of Polish delicatessens and stores. There’s also a big Turkish community. It’s not a leafy, quiet or spotless place to call home but it is vibrant and exciting.

Dalston also has cool credentials, with club nights popping up at 80s nightclubs along with bars and galleries. The Guardian once called the up and coming area of Dalston ‘the unlikely owner of Britain’s coolest postcode’ – that’s E8 by the way. Add London Fields, the Lido, cafes, boutiques and the buzzing Broadway and Ridley Road Markets into the mix and you’ve got an up and coming area on your hands.

You’ll also find green spaces a stone’s throw away. Hackney Downs and Victoria Park are nearby, along with the Grand Union Canal

Dalston has a couple of claims to fame, including being the location for the filming of Simon Pegg film Run Fatboy Run. Fassett Square was reportedly the location that inspired EastEnders.

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