East London is a smart place to start searching for property. For starters, houses tend to be more affordable than other parts of the capital, which means you can get a lot more home for your money. Additionally, investors are noticing that East London is something of a buy-to-let hotspot, generating impressive ROIs for landlords operating in the area.
If you’re thinking of buying a property in East London, here are our top recommendations on where to start looking.
The Best Places to buy Property in East London
Situated south of Walthamstow, we’re predicting that Leyton will undergo significant regeneration over the next few years – a process which already seems to be underway, if the new pubs, restaurants and cafes in the area are anything to go by. It’s well connected via the Central Line to the heart of the capital, and close to Stratford too.
Stratford was radically updated in 2012, just before the Olympic Games, and this boosted its appeal dramatically. It’s a great place to search if you’re keen on investing in a luxury new build, as developers have been busy in the area, particularly around the station.
With a commuting time to Central London of just fifteen minutes, it’s no wonder that Forest Gate is fast becoming a major investment hotspot. It’s also set to get a Crossrail station too, which is sure to push property prices even higher. Residents love Forest Gate because it’s close enough to Stratford to benefit from its amenities and attractions, while retaining its own community feel.
Barking and Dagenham
At the time of writing, Barking and Dagenham is the only borough in the capital where buyers can get a good-sized property for under £300,000. This is especially appealing when you consider that the area is scheduled for serious regeneration, particularly in Barking itself. With commutes to the city taking just quarter of an hour, it’s well worth browsing through the available properties here.
Dalston has got a buzzing social scene, which makes it a prime location for younger / first-time buyers. Even better, commuters can reach Old Street by bus in around 15 minutes, or alternatively, there are two stations in the vicinity, taking travellers across the capital.
If you’re looking for proximity to Central London, Hackney Wick is a great choice. Situated in the borough of Tower Hamlets, it has benefitted from a major revamp in recent years, transforming it from an industrial relic to a chic, urban place to call home. There are several Victorian buildings in this area that have been converted into flats- which is great if you appreciate period properties.
Shadwell is another location that’s currently being regenerated, which means property prices are likely to soar in the future. The Docklands Light Railway line takes commuters straight to Bank station, and there are plenty of great cafes and pubs in the area to keep residents happy, including The Grapes – a historic pub once frequented by Charles Dickens.