With the average house price in Archway currently standing at £608,758, the area is still relatively cheap compared to similar north London neighbourhoods. There has rarely been a better time to invest in this up-and-coming district.
This multicultural area including Upper Holloway, Elthorne Road and Tufnell Park, is named after the bridge first constructed in 1896, the predecessor to the ornate Hornsey Lane Bridge which now stands in its place over Archway Road.
Plans are underway to update the Tube station and, more importantly, to convert Archway’s frustrating and outdated one-way traffic system into a more modern two-way flow complete with cycle lanes and a fancy new central piazza. Transport for London announced the transformation projects as part of its £4 billion road modernisation plan. The work starts shortly and will be complete next year.
Over on the high street, Islington Council have come to the rescue to fund much-needed shop front improvements.
Besides all the imminent investment, Archway has the hallmarks of a district on the up, including excellent transport links (Archway has its own Tube, and no fewer than seven bus routes commence or terminate here), an abundance of local parks (there are nine parks within a mile of the Tube), and ‘outstanding’ and ‘good’ ratings from Ofsted for its local colleges, St Aloysius’ College and Mount Carmel Catholic College for Girls.
Points of historical interest abound. There are many tributes to the prose legend Dick Whittington, like the Whittington Hospital on the south-west side of Highgate Hill, and a statue of his cat sits intelligently outside Archway’s central pub, the Archway Tavern. The pub, which famously featured on the cover of a Kinks album, hosts regular live music in its role as a popular local night spot.
With its mixture of Victorian terraces and ex-social housing, good transport links, excellent leisure facilities, decent colleges and an abundance of public parks, it’s a wonder that Archway has somehow managed to escape the higher prices of nearby Highgate, Islington and Muswell Hill. But with the spotlight firmly on its regeneration, it won’t be long before it features more prominently on the north London radar for those priced out of neighbouring districts.
If you’re contemplating a move to north London and want to discuss market conditions or find out more about the colourful districts and what they have to offer, give us a call. The north London property market is a speciality of Keatons, and we’re always happy to answer any questions you have.