Finchley is one of North London’s most popular locations. Its leafy streets and pleasant green spaces make it ideal for families, while its transport links are appealing to commuters.
There are several reasons why you should consider investing in a property in Finchley in 2020. Here are just a few to inspire you.
Why invest in Finchley property now?
It’s undergoing significant regeneration
Regeneration is a great sign, regardless of the location. Not only does it improve the area, but raises house prices too. Finchley is undergoing regeneration at present, which is likely to make it even more desirable in the future.
For example, North Finchley High Road is scheduled for redevelopment; and an advisory board has been assembled to explore ways to enhance this area. Four sizeable estates are also being regenerated within Barnet; Dollis Valley, West Hendon, Grahame Park, and Stonegrove and Spur Road. Add this to the proposed improvements to Finchley Central Station, and you’ve got a location that is likely to increase in popularity in the years to come – making now a savvy time to invest.
Developers are active in the area
When considering locations to invest in, it’s a good idea to see whether developers are active in the area or not. If they are, it means that it’s been earmarked as an investment hotspot – and that you should consider buying property there.
Developers are busy in Finchley, creating luxury apartments and houses alike. Wickcliffe Court (Bishopswood Estates) is a good example, as are the apartments on Holden Road and Dollis Avenue.
It has a wealth of amenities
Buyers are increasingly exploring options outside Central London, and they’re looking for locations that offer a good range of local amenities, as well as proximity to the capital. Finchley ticks all the boxes. It has plenty of high-performing schools, Brent Cross Shopping Centre is only a few minutes’ drive away, and the Great North Leisure Park has a swimming pool, a cinema, and a bowling alley, in addition to plenty of restaurants.
It has great transport links
For city workers, an easy commute is vital when searching for a home. Finchley is one of the best-connected areas in North London, with four tube stations in total. Residents also enjoy easy access to the M1 and the North Circular.
Government incentives
Another reason to buy sooner rather than later is that the government has introduced a few incentives to stimulate the property market again, in the wake of the COVID-19 pandemic.
For example, there’s now no stamp duty to pay on all properties priced below £500,000 – and this tax break will be in place until 31st March, 2021. The Help to Buy scheme has also been extended by two months, to make up for the delays in the construction industry during lockdown.
In short, it’s an excellent time to search for a home in Finchley. The property market is likely to increase in value over the coming years, so it makes sense to invest sooner rather than later. View our properties for sale in Finchley here.