Zoopla has identified well-known areas that have recently become – or are in the process of becoming – 'gentrified' in Britain's 10 largest cities. See where to invest.

What’s the latest?

Harborne in Birmingham is Britain’s tophipster hotspot’ with house price growth in the trendy suburb outperforming all other up-and-coming areas.

Property values in Harborne have jumped by 3.04% since the start of the year, significantly above the 0.67% growth recorded for Britain as a whole.

Birmingham is home to five of the top 10 areas that have seen big price jumps as a result of ongoing gentrification, according to Zoopla research.

Bristol is home to three hipster hotspots, while Liverpool’s Baltic Triangle also made it on to the list.

Popular hipster hangouts in the capital have not performed as well however.  Only one London suburb, Stratford, made it into the top 10, with house price gains of just 1.37% since January.

3 surprising facts about Birmingham

  • Birmingham is Europe’s youngest city, as the under-25s account for nearly 40% of its population
  • The city has more miles of canals than Venice, offering 56km of waterways
  • Birmingham’s famous ‘Balti Triangle’ – with more than 100 Balti eateries – attracts over 20,000 visitors every week

Above: On the market for £289,950 is this two-bedroom terraced home in up-and-coming Harborne, BirminghamAbove: Also in Birmingham’s Harborne area is this two-bedroom traditional terraced house, for sale on Zoopla for £350,000 

Why is this happening?

It is unsurprising that areas undergoing gentrification enjoy higher than average house price growth, as they become more desirable locations in which to live.

Lawrence Hall, spokesperson for Zoopla, adds: “It’s well documented that house price growth in London has slowed, while growth in large regional cities is still robust. So, seeing Birmingham, Bristol and Liverpool feature prominently in the Zoopla ‘hipster hotspots’ rankings and growing more quickly than their London counterparts is no surprise.”Above: If you are seeking a tranquil bungalow in Leeds, how about this two-bedroom property, including a rear garden to relax in? It's on the market for £220,000

Who does it affect?

While Harborne topped the list of hipster hotspots, with average property values of £333,639, a home there may already be beyond some buyers’ budgets.

Birmingham’s Great Barr area is a more affordable option, with average house prices still at £133,891, despite seeing gains of 2.25% since the beginning of the year. And homes in Kingstanding and Erdington, also in Birmingham, cost anm average £140,054.

The St Paul’s area of Bristol, which comes third on the list, has typical house prices of £255,798, while the Baltic Triangle in Liverpool is another affordable up-and-coming area with average house prices of £146,510.Above: Available in Stratford, this three-bedroom semi-detached home, available for £1m, is described by the selling agents as an ‘imposing’ Grade II listed house built in 1865, which includes a garden room

Sounds interesting. What’s the background?

As well as looking at the top hipster hotspots in Great Britain, Zoopla also pinpointed which areas in 10 major cities had seen the strongest price growth as a result of gentrification.

Horsforth was the top up-and-coming area of Leeds with price growth of 1.35% since the beginning of the year, while Ancoats took the title in Manchester, with gains of 1.24%, and Ecclesall Road was the top area of Sheffield at 1.18%.

But despite being the top hipster hotspot in Glasgow, Finnieston and Kelvingrove has recorded price rises of only 0.65% since the start of the year, while Grangetown in Cardiff has performed only slightly better at 0.43%.

Portobello High Street, which was the best performing area of Edinburgh, has actually seen property values fall by 0.87% so far this year.

Top 3 takeaways

  • Harborne in Birmingham has been hailed Britain’s top ‘hipster hotspot’ 
  • Property values in Harborne have jumped by 3.04% since the start of the year, significantly above British average of 0.67% 
  • Birmingham is home to five of the top 10 areas that have seen big price jumps as a result of ongoing gentrification

Zoopla's Top 10 Hipster Hotspots across Britain, ranked by property value growth:

 

 

City

Area

Percentage increase since January 2017

Average property prices January 2017

Average property prices July 2017

1

Birmingham

Harborne

3.04%

£323,787

£333,639

2

Birmingham

Great Barr

2.25%

£130,943

£133,891

3

Bristol

St Paul’s

2.19%

£250,297

£255,798

4

Birmingham

Mosely

2.17%

£264,116

£269,857

5

Birmingham

Kingstanding/Erdington

2.10%

£137,164

£140,054

6

Birmingham

Stirchley

2.08%

£205,672

£209,958

7

Liverpool

The Baltic Triangle

1.98%

£143,664

£146,510

8

Bristol

Montpellier

1.68%

£491,175

£499,439

9

Bristol

Stokes Cross

1.43%

£303,188

£307,528

10

London

Stratford

1.37%

£467,791

£474,192

Source Zoopla July 2017

Zoopla's Top Hipster Hotspot in top 10 British cities, ranked by property value growth:

Ranking

City

Area

Percentage increase since January 2017

Average property prices January 2017

Average property prices July 2017

1

Birmingham

Harborne

3.04%

£323,787

£333,639

2

Bristol

St Paul’s

2.19%

£250,297

£255,798

3

Liverpool

The Baltic Triangle

1.98%

£143,664

£146,510

4

London

Stratford

1.37%

£467,791

£474,192

5

Leeds

Horsforth

1.35%

£276,125

£279,849

6

Manchester

Ancoats

1.24%

£175,588

£177,772

7

Sheffield

Ecclesall Road

1.18%

£306,669

£310,299

8

Glasgow

Finnieston/Kelvingrove

0.65%

£204,735

£206,067

9

Cardiff

Grangetown

0.43%

£205,705

£206,583

10

Edinburgh

Portobello High Street

-0.87%

£260,568

£258,313 

Source Zoopla July 2017

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