With much of Central London’s new build stock currently overvalued, investors are now looking for pockets of the capital that are still undervalued and conveniently situated within easy commuting distance. Brook House, London meets these criteria, as Mitcham is a town primed for investment, growth and strong returns.
The Brook House, London development borders the Mitcham Cricket Green within the coveted Mitcham Conservation Area. The Cricket Green is said to be one of the oldest cricket greens in London and the Mitcham State Fair is one of the oldest in England.
As property prices in Central London remain high and in some cases overvalued, investors are increasingly looking to the Outer London boroughs for better value. This shift in demand for developments such as Brook House has resulted in higher than average property price growth and is known as the London ripple effect.
Mitcham is located on the Croydon Tramlink providing easy access to Wimbledon and Croydon on either the train, bus or tram routes. The addition of Mitcham Eastfields railway station (zone 3) in June 2008 has vastly improved transport links for local properties, strengthening the appeal of new developments such as Brook House as a viable investment.