East End property hotspots outperform London market

House prices in East London have risen 37% over the past five years, driven by the numerous developments in and around the Docklands area, outperforming the rest of the capital. Of the 541 tall buildings in the pipeline for London, according to New London Architecture, the bulk are in Tower Hamlets and Greenwich, while part of the Royal Docks is being turned into the Asian Business Port, which will generate 30,000 jobs and add £6bn to the UK economy. New developments include Telford Homes’ New Garden Quarter in Stratford, a collection of upside-down duplexes with bedrooms on the ground floor and large living areas upstairs. Three-bedroom homes there start from £725,000. Elsewhere, a studio flat at EcoWorld’s Aberfeldy Village in Poplar, featuring floor-to-ceiling windows, a 24-hour concierge, and a gym, can be had from £330,000, rising to £530,000 for a two-bedroom property. Further out, at Upton Gardens, Barratt’s conversion of West Ham’s Boleyn Ground into 842 new homes, offers one-bedroom homes from £359,000.

Evening Standard (18/09/2019)