If you are planning on moving to the Clapham area, it is essential that you have an idea about the housing rental and buying fees.
Renting and buying in Clapham is not cheap. It is due to the fact that it is an up and coming area in London. For the last 10 years, it has been developed, thus making it an enviable place to live in and consequently caused the rise in cost. Although it may not have the most affordable accommodation, Clapham has excellent local amenities and of course easy access to Central London.
Purchasing a property in Clapham is expensive.
The better option is to rent. Clapham is catered to people who rent. If you want a respectable accommodation that won't hurt your pockets, it is suggested to look for flats in Clapham North, Clapham South, and Clapham Junction. Normally the price range around these areas is from £260 to £330 per week.
With the lower spectrum of the price range, you can get an ex-local authority flat. From £300 to £330, you can get a modern or a recently refurbished flat. However, if money is not a problem, then it is better to rent in Clapham Common or Clapham Old Town.
But then again, if you really prefer to buy your own property, you must know that prices have escalated for the last five years. Nowadays, a flat with a Victorian terrace will cost around £400,000 or more. Do not expect to get any cheap bargain in the area.
Hence, if you are planning to move to Clapham and stay there for good, it will probably be better to buy your own flat. But if you are just going to stay there temporarily, it is better to rent in order to save money.