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Birmingham home to top performing 'hipster hotspots'

11th August 2017

  • Harborne in Birmingham tops the list of trendy areas with the highest property value growth in 2017
  • Bristol’s St Paul’s, as well as Liverpool’s Baltic Triangle, also feature in the top 10
  • Stratford is London’s top ‘hipster hotspot’ with price growth of 1.37 per cent, out-performing Shoreditch
  • Birmingham’s Harborne is Britain’s fastest-growing ‘hipster hotspot’ according to new data from property website Zoopla. The up-and-coming Birmingham suburb has experienced a 3.04 per cent increase in average property prices since the start of the year, out-performing the rest of Britain, which has seen average property values rise by just 0.67 per cent.

    Zoopla identified well-known areas that have recently become – or are in the process of becoming – ‘gentrified’ in 10 of Britain’s largest cities, and looked at property value growth in these locations since January 2017.

    Britain’s second city dominates the rankings with five out of the top 10 hotspots (Harborne, Great Barr, Mosley, Kingstanding, Strichley) located in Birmingham. Great Barr takes second place with price growth of 2.25 per cent since January, bringing average property prices to £332,639. Bristol’s fashionable St Paul’s ranks third with a 2.2 per cent (£5,501) price rise since the start of the year.

    In the North West of England, the lights of Liverpool burn brightly for the trendy Baltic Triangle neighbourhood, which places seventh on the list. The Merseyside hotspot has experienced healthy price rises of 1.98 per cent since January, bringing average property prices in the region to £146,510 – an increase of £2,846. Further south, Bristol’s Montpellier and Stokes Cross have seen 1.68 per cent growth and 1.43 per cent growth respectively.

    In contrast, London’s popular hipster hangouts haven’t performed as well. Renowned hipster favourite Shoreditch has seen modest growth of just 0.68 per cent (£3,536), as has neighboring Dalston (0.55 per cent). Stratford is the capital’s best performing ‘hipster hotspot’, and the only London neighbourhood to make the top 10, with strong price growth of 1.37 per cent.

    Lawrence Hall, spokesperson for Zoopla comments: “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. Those looking to invest in ‘up-and-coming areas’ could now consider the nation’s second city, as well as Bristol and Liverpool."

    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

    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

    - Ends -

    For further information, please contact PR Team on pr@zoopla.co.uk or +44 (0)20 3873 8770.

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