Online House Hunter: Warming to Stratford
ONE suspects that if you look up ‘property hot-spot’ in the dictionary it will simply say: Stratford, London E15.
This district within the borough of Newham has burst into life with the regeneration surrounding the Olympic Games – a regeneration symbolised by the opening of the £1.4bn Westfield Stratford shopping centre with its 300 shops and 70 restaurants.
Stratford is an area where history and tradition epitomised by the Victorian terraces meets the new and exciting modern homes that have sprung up alongside. And if you’re looking to buy or rent, it’s a safe bet that the estate or letting agent will be screaming Olympic Games 2012 at you before you even get told how many bedrooms there are.
House prices and rental prices have begun to rise (house prices by 2.5 per cent in the last quarter) so you’ll need to be quick off your marks if you want to beat the Olympic boom. The average house price (April to June 2011) stands at £211,986 with a semi-detached averaging just under £250,000.
It’s impossible to say what will happen post-Olympic games to the area but the huge sums spent on regeneration and building up the infrastructure are unlikely to go to west. The good public transport links make E15 an easy-commute into central London and should help to sustain property values.
Those looking to buy a flat in Newham can expect to pay an average of £191,752 and there’s plenty to choose from. This one-bedroom flat in Stratford is on the market for £177,500 and is within easy reach of Abbey Road DLR – plus of course the Olympic site. This unusual two-bedroom flat in Stratford boasts exposed beams, a mezzanine level and other stylish features. It is in Manbey Grove and the guide price is £349,950.
Those looking for a traditional terraced home in the Stratford area might like to look at those available on the Independent property search engine including this three-bedroom terrace house in Torrens Road (pictured). It is on the market for £339,995 and while there are plenty of modern features including the kitchen, the lounge’s fireplace recalls its Victorian roots.
Below are other useful links for those with their sights on home in Stratford by 2012.
- Independent online property search
- Homes for sale in Stratford
- Homes to let in Stratford
- Area guide to Stratford
- Borough of Newham
- Council tax bands for Newham
- Newham House Prices
- London rents
- Transport for London
- Greater London Authority
- Independent House & Home section
- Independent Property section
- Homes & Property area guides
- Land Registry
- BBC House Prices
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