Located in the East London Borough of Waltham Forest, Walthamstow is a primarily residential area that is poised for significant growth in coming years.
Situated7.5 miles from Charing Cross, Walthamstow is serviced by the Victoria Underground Line and several Overground stations, providing excellent connectivity into the city. East London has risen in popularity as sky-high prices in PCL markets have moved city-dwellers out of the city centre, which has resulted in neighborhoods like Walthamstow seeing impressive growth. Some local experts reveal that prices in newly built residential buildings can fetch between £650-700sq. ft., and Savills predicts that property prices in the area will rise by 20 per cent in the next five years.
In addition to new properties that have been developed in response to high demand, there are a number of more traditional property types like Edwardian and Victorian detached and semi-detached houses available. Areas like Lloyd Park and Walthamstow Village are popular with families, while commuters into the city should look for properties around the Blackhorse Roador Walthamstow Central underground stops, both on the Victoria line. Trains run regularly, and tube riders can travel from Walthamstow Central to the city centre in 20 minutes. There are plans being developed to regenerate the central area of Walthamstow town centre,with presentations currently taking place to try and approve plans that will see the area revitalised with gardens, 2,000 new homes, restaurants and retail space. There are already ambitious regeneration projects in place that are improving public spaces, business amenities and local communities, all of which makes now a great time to examine opportunities in this part of London.
Bordering Walthamstow is Leyton, an area that has experienced high rates of regeneration in recent years.
Leyton is home to 42,061 residents, and this part of Zone 2 has an ethnically diverse makeup. There is plenty to enjoy in the way of local schools, shops, and amenities, especially those found along Leyton High Road. There are strong public transport links (the area is serviced by Leyton and Leyton Midland Road stations), and the A12 runs through the area providing easy access for those commuters who drive. There are plenty of outdoor areas such as the Lea Valley and nearby Hackney Marshes, which area ideal for families with children who want both nearness to central London and green parks and spaces for surroundings. There are local schools in the area that are also great for families - located on Francis Road, Newport School is a well-ranked Ofsted state primary school, and Chobham Academy is also nearby in Stratford’s Olympic Park. In addition to schools and a sixth-form college, there is also local healthcare found at Whipps Cross University Hospital.
One key growth driver that has led to more people moving into the area is the affordability factor. The average house price in Leyton is £321,217, a figure £207,391 below the London-wide overall average. For this, homebuyers can enjoy more square footage as property types here tend to be traditional Victorian and Edwardian homes rather than newly-built apartments. With that said, there are a number of new developments taking place to satiate the growing demand for accommodation in the area. Located on Leyton High Road, The Exchange is a new development of houses and apartments, and the old Leyton Town Hall is being redeveloped to house local businesses.
Leytonstone is another popular part of East London that offers residents fast and easy access into the city centre, along with plenty in the way of local amenities, schools, and recreational space.
Property prices in this suburban neighborhood have witnessed high rates of price growth, with Foxtons reporting an impressive 18.24 per cent rise over the past year.
The average price locally is now £417,810, more than 25 per cent cheaper than that of London’s overall average. There are traditional Victorian terraced houses in the area, many of which have gardens and/or nearby outdoor space. When looking at what’s available to residents in Leytonstone, it’s easy to see why this neighborhood has become so popular. Commuters into the city can avail of great connections via the Leytonstone High Road overground station and the Leytonstone tube top, located on the Central line. There are locally several great schools, including Davies Lane Primary School, which received an “outstanding” rating from Ofsted. There are a number of specialist schools too, such as Leytonstone School,Norlington School for Boys, and the Connaught School for Girls. The nearby Wanstead Flats provides plenty in the way of recreation space, just one of many reasons why this area has risen in popularity in recent years.
There’s much to love about living in Leytonstone, from the pretty properties to the well-stocked town centre that has a number of shops, pubs, restaurants and local businesses. With all of this on the doorstep, there isn’t a need to go into central London, but residents can do so in just eight tube stops should they wish.
Situated in the Borough of Waltham Forest, East London,Chingford is home to a population of around 54,856 (2011).
Via Chingford station, residents can easily access Liverpool Street station, which is ideal for those who want more property for their money but still value easy access to central London (the centre of the capital can be reached in just 30 minutes through this overground service). Buses also provide comprehensive links into central London along with other nearby areas like Stratford, Harlow and Walthamstow. Chingford has a large amount of green space, withEpping Forest being just a short drive away. This is home to wonderful wildlife, greenery and scenery, and makes for a great day out for families with young children. Chingford has a wide range of local shops, pubs and restaurants, and these can especially be found in South Chingford following the council’s investment of £750,000 into the refurbishment of Albert Crescent in 2013. There are continuing discussions about how to further invest in Chingford to better local services and amenities for communities.
Rightmove notes that the overall average property price in Chingford is £408,649, comparable with other nearby areas such as Chingford Hatch and Highams Park. Flats sold for an average of £270,163, while semi-detached properties achieved an average of £494,276. For buyers who want to escape the constrictive prices of central London but still be close to the city centre, Chingford is a great place to choose. It’s here that families and professionals can enjoy plenty of local amenities along with quick access to work and entertainment found in the capital, whilst still being able to find affordable property that is set to appreciate in value in the coming years.