Hackney Area Guide

Average 3 bedroom flat price

£785,21410

London Underground Zone

2

Population

246,3001

Points of interest

Hackney Museum Sutton House 291 Gallery Victoria Park Hackney Town Hall

Other area guides

Hackney

Soho

Notting Hill

Fitzrovia

Hampstead

Kensington and Chelsea

Westminster

Camden

Barnet

Investor guides

Why Spain, Why Now

Cogress Property Guide

Spain on road to economic recovery

Changes Afoot

Named as the 100th best place to live in Britain in 20141, Hackney has come a long way over the last ten years. In fact, it was one of the main locations for the 2012 Olympics, with a host of spectacular events taking place at the close-by Olympic Stadium.2 Approximately 246,300 people currently live in the Hackney borough.3

Geography – What area does Hackney cover?

Hackney is located in the north-western region of inner London, and is approximately 19.06 km2 in size.4

Well known areas in Hackney include Hackney Central and Stoke Newington.

Hackney Central
The central hub of Hackney is filled with a range of exciting bars and restaurants, many of which are quite new. It’s within walking distance of quieter areas, such as Victoria Park Village, and Hackney Central Station can take you to some fantastic shopping destinations via the Overground.5

Stoke Newington
Like many parts of Hackney, Stoke Newington has been revitalised over the last couple of decades. A wave of new restaurants, bars pubs and other establishments have turned it into one of the more appealing areas of London. Here you’ll find both the High Street, as well as a range of independent shops and eateries.6

Housing

The average cost of a home in Hackney (as of April 2016) is approximately £533,875.*

However, this includes every type of property. A detached house would set you back an average of £932,040, while flats are considerable less expensive at an average of £490,160.

Below, we’ve compiled a list of average property prices for each type of housing in Hackney, and compared it to that of the England and Wales average:

Type of HouseHackney averageUK average
Flat£490,160£207,285
Terraced£762,995£178,640
Semi-Detached£893,724£204,427
Detached£932,040£323,704

 

*The above statistics were found using the Land Registry app. To use, simply click ‘search the UK house price index’, then click ‘customise your search’ and then ‘local authorities. Type a UK area into the search bar (in this case ‘Hackney’), select ‘Change property types and report options’.

ABCDEFGH
£862£1,006£1,150£1,294£1,582£1,869£2,157£2,588

*Rates shown are for 2016/177

Housing in Hackney is relatively affordable when compared to other areas of London. However, the council tax rates are higher than some more well-known regions, such as Westminster.

The people

The largest age demographic in the Hackney area is under 20s, which make up 28.1 percent of the population (according to Rentonomy). Around 15 percent of the non-UK-born individuals currently residing in Hackney are Nigeria, while another 15 percent are from Turkey.

Schools

Schools in the Hackney area are on this rise. Not only did the arrival of the Olympic Games bring about improved transport links and high-quality housing, but it also contributed to the decision to build new schools. There are a range of good schools across all age groups, including seven academies.8

Things to do in Hackney

As mentioned earlier, Hackney is a great place for unique pubs and restaurants. You won’t find a shortage of places to dine out at.

There are a couple of interesting museums in the area, such as <a href=”http://www.hackney.gov.uk/museum”>Hackney Museum</a>, which includes some fascinating exhibits on the history of the district.

If you’re into history, then the Tudor building <a href=”http://www.nationaltrust.org.uk/sutton-house-and-breakers-yard”>Sutton House</a> is also worth a visit.

Or perhaps you’re more interested in art galleries – in which case you might enjoy the 291 Gallery, or the Rhodes + Mann Gallery.

Transport

There is no tube station in Hackney, but residents can use the orange overground line to get to a variety of destinations throughout London. There are also multiple bus routes too, while many people prefer walking around the area – providing they are not travelling too far.9

Sources

  1. http://hackneypost.co.uk/2014/03/21/hackney-named-one-best-places-live-just/
  2. http://www.hackney.gov.uk/Assets/Documents/Hackney-2012-Legacy.pdf
  3. http://www.hackney.gov.uk/Assets/Documents/Hackney-Profile.pdf
  4. http://www.esaleuk.com/hackney/
  5. https://www.kfh.co.uk/east-london/hackney/
  6. http://www.stuckinlondon.com/londonareaguide/living-in-stoke-newington.php
  7. https://www.kfh.co.uk/east-london/hackney-london-borough/council-tax
  8. https://www.kfh.co.uk/east-london/hackney/
  9. http://www.rentonomy.com/london-areas/hackney
  10. http://www.foxtons.co.uk/living-in/hackney/house-prices/

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2017-05-29T22:39:50+00:00