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Neighbourhood Watch: Farringdon

Getting connected: The arrival of the Elizabeth Line means this lively area will become even more accessible

Setting the scene

ONCE the long-awaited Crossrail starts running through central London, Farringdon will be the best-connected district in the capital. This is because its shiny new station is the only one on the network where the Elizabeth Line connects with both the Tube and Thameslink, and it’s forecast to become one of the country’s busiest transport hubs. As well as fast getaways, this historic area boasts an established foodie scene and creative buzz, and residents are able to walk to work in the City.

What’s new?

Postmark, from Taylor Wimpey Central London, is next to Mount Pleasant sorting office, with 681 homes across four phases, each designed by a different architect. The first phase comprises studio, one, two and three-bed apartments with concierge, roof terrace, lounge, cinema and fitness studio. Prices from £900,000, taylorwimpeycentrallondon.com.

Stamp of approval: Postmark is next to Mount Pleasant sorting office

Barts Square, in Smithfield, consists of 92 homes across three buildings. A mix of studios, one, two and three-bedroom apartments, it has private dining rooms and a cinema. Prices from £770,000 for a studio up to £4.5m for a three-bed duplex, savills.co.uk.

Barts Square: Penthouse views

The Bourne is set within a Grade II-listed Edwardian estate. The one, two and three-bed homes, designed to blend with the architecture, are from £800,000 for a two-bed, savills.co.uk.

Bourne supremacy: A typical kitchen

Snooping around

Farringdon’s boundaries blur with Clerkenwell, where the Manhattan Loft Corporation brought loft living to London in 1992. The largest warehouse conversions now cost more than £3m, and there are also Victorian and Georgian houses and ex-local authority flats, from about £500,000. Existing homeowners have enjoyed the Crossrail effect: Knight Frank’s Midcity report showed prices within ten minutes of Farringdon station have bettered the wider Prime Central London market by 34 per cent since the Elizabeth Line’s approval in 2008. ‘Given that Farringdon is surrounded by London’s business and shopping districts, its appeal is set to increase,’ says Patrick Gower of Knight Frank.

Historic: Plenty of loft living

Vital statistics

Council tax: (Band D) £1,429.45

Commuting time: In Zone 1

Annual Travelcard cost: £1,404

Amenities: ★★☆☆☆ Indie shops, eateries and stalls in Exmouth Market; Leather Lane and Whitecross Street weekday markets; Smithfield meat market; furniture and interiors shops around Clerkenwell Road; jewellery in Hatton Garden; restaurants include St John, Club Gascon, Smiths of Smithfield, the Quality Chop House and Modern Pantry; Fabric nightclub; Sadler’s Wells theatre; Barbican Centre; Postal Museum; annual Clerkenwell Design Week

Open space: ★★★★☆ Spa Fields has a playground, ball court and outdoor gym; Charterhouse Square; St James’s Church Garden

Schools: ★★★★★ GCSE results above average; state primaries all rated good or outstanding by Ofsted

Crime: ★★★★☆ Average

Who lives there? Singletons and couples in creative, tech or City jobs

Knight life: The Farmiloe Building appeared in Batman movies starring Christian Bale

Famous faces: The interiors of the Farmiloe Building in St John Street doubled as Gotham City’s police headquarters in the Dark Knight trilogy of Batman films, starring Christian Bale

Rent report: ‘The typical tenant is part of the walk-to-work crowd; career focused, time poor and convenience craving. A two-bedroom property is £550 per week but a superb large-sized home in a converted warehouse can let for twice this,’ says Angela Kelly of Hurford Salvi Carr.

Crime rates, open spaces and profile provided by Zoopla.co.uk

Property Ladder

First rung

£510,000, Greene & Co, greene.co.uk

A second-floor studio apartment on a quiet no-through road, which has a tiled wet room and underfloor heating.

Average for Farringdon

£795,000, Winkworth, winkworth.co.uk

Moments from Farringdon station, this two-bed, two-bath, third floor flat overlooks a central courtyard and includes a spacious living room and roof terrace.

Luxury home

£3.15million Savills, savills.co.uk

This contemporary three-bed penthouse over four floors has a 39-ft reception room, a master bedroom with dressing room and en suite and three terraces.

Farringdon’s boundaries blur with Clerkenwell, where the Manhattan Loft Corporation brought loft living to London in 1992. The largest warehouse conversions now cost more than £3m, and there are also Victorian and Georgian houses and ex-local authority flats, from about £500,000. Existing homeowners have enjoyed the Crossrail effect: Knight Frank’s Midcity report showed prices within ten minutes of Farringdon station have bettered the wider Prime Central London market by 34 per cent since the Elizabeth Line’s approval in 2008. ‘Given that Farringdon is surrounded by London’s business and shopping districts, its appeal is set to increase,’ says Patrick Gower of Knight Frank.