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HACKNEY Borough profile
Statistics don't tend to do Hackney any favours. One of the UK's most deprived
areas, the borough has London's highest unemployment rate, some of the worst
schools, half of its residents in council maintained property and no tube
stations. Despite these obvious setbacks, today's Hackney is recognised
as London's most up and coming borough with property price increases to
match. Government and private investors are pouring millions into Hackney.
Plans for a Chelsea tube link seem to have been put back into place by Ken
Livingstone, and hopes are also very high for a direct tube link to both
the Docklands and the City.
Shoreditch and Hoxton to the south of the borough sit uneasily against
the wealth of the City of London. North of the Regent's Canal around Victoria
Park and De Beauvoir Town, amongst the council blocks, can be found some
of the best Victorian and Georgian houses in London. Stoke Newington,
to the north has become the new yuppie Mecca whilst Stamford Hill and
Clapton remain in favour with the Jewish community.
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Notable areas in more detail...
Clapton & Stamford Hill
Popular with London's Orthodox Jewish community, the area still remains
cheap and offers a good choice of large Victorian and Edwardian terraces
which are much sought after as family homes. Still largely urban, rather
than suburban in character, large council blocks still blight the area
although many are now making way for better quality low rise developments.
Maybe not yet fully up-and-coming, but its only a matter of time.
Who lives here? Large Jewish community. Families seeking value for money.
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Dalston & London Field:
Popular with speculators who feel it has the best chance of getting that
all important new tube station. Like much of Hackney, Dalston offers a
mix of attractive two and three story Victorian housing, so popular with
the middle classes; and run down council estates blighted by 60's tower
blocks. Hackney Downs and London Fields offer the area's best
housing whilst much of the area's estates such as the Holly Street Estate
have benefitted from redevelopment from high rise to low rise, but with
still a way to go.
Who lives here? First time buyers. Loyal locals.
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De Beauvoir Town
Benefitting from an N1 postcode like its trendy neighbour Islington, De
Beauvoir Town stands out from the rest of the borough in both character
and price. A small enclave of quiet roads with a good stock of two
and three storey Victorian homes. Beauvoir Squares boasts the premier
properties. Unusual gabled semis surrounding a peaceful centre square.
The south of Beauvoir Town was less fortunate and succumbed to 1960's
high rise development.
Who lives here? Professional couples and middle class families.
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Hackney & Victoria Park
Cheaper than neighbouring Islington and still home to a good stock of
attractive Victorian properties. Hackney's problem remains its tower blocks,
which spring up on almost every street corner. Victoria Park offers numerous
grand Victorian and Georgian gardened properties, many with steep entrance
steps and pretty balconies. Quick-thinking property developers made a
fortune here in the early '90s, buying up these magnificent houses and
converting them into smart, spacious flats. Conversions often come with
great views of the park. Hackney Wick offers similar Victorian houses
but has more estates and tower blocks.
Who lives here? Young professionals, families. City commuters.
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Shoreditch & Hoxton
Just as in neighbouring Islington's Clerkenwell, loft living has taken
off in a big way. Old factories and warehouses have
re-emerged as vast open plan living units so sought after buy the moneyed
city professional. A lot of council property still remains and much was
bought up under the Right-to-Buy scheme, yet price differences remain
vast between ex-council and trendy loft space.
Who lives here? Young professionals. Creative and trendy types.
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Stoke Newington
Hackney's trendy village and only requiring a tube station to truly hit
the big time. A wide variety of properties, from enormous 4-storey Victorian
houses, modern flat conversions and lofts, to more modest two and three
bedroom family houses and ex-council properties. Properties get larger
as you head north towards Finsbury Park and Clissold Park. The
area is already hugely popular with young families who desperately try
to get their offspring into the boroughs only good schools.
Who lives here? Young families and professionals.
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