Property News · September 23, 2016

Let’s move to Lambeth, London: follow Damien Hirst


It has enough estates to scare off Foxtons and too few period details to attract hardcore gentifiersWhat’s going for it? It’s happening. It’s happened. Fancy-pantsy coffee cups lie discarded in the gutter. The word “artisan” has been spotted. It didn’t take long. Damien Hirst’s Newport Street Gallery opened not a year ago, and already Lambeth has transformed. What was one of those quiet pockets strewn across Zone 1 south of the river, has been discovered. Don’t say I didn’t warn you. Let’s move to… last visited a decade ago, when Hirst’s plans were floated and one-bed flats started at £160,000. You need twice that today. I suspect, though, that Lambeth will remain much as it is. The Big Money is next door, busy turning Vauxhall and Elephant and Castle into Hong Kong. Lambeth has enough estates to scare off Foxtons and, thanks to slum clearance and the Luftwaffe, too few period details to attract hardcore gentrifiers. Its change will be subtler, council flat by council flat, until, one day, the land of cockneys and the Lambeth Walk (oi) will exist only in history books and West End musicals.The case against The slow creep of gentrification. Lambeth Walk, the old high street, is a shadow of its illustrious past, so the area lacks a focus. Continue reading…

Source : theguardian.com
Read more…Let’s move to Lambeth, London: follow Damien Hirst

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