East London has always been a popular area for first time buyers to look for a new home. Interest in the area has particularly increased since the 2012 Olympics in Stratford, as a lot more regeneration took place following this event. Regeneration in East London still continues to take place, and it has helped create a desirable and thriving area to live in. The Mayor of London, Sadiq Khan, has also been known to say that London’s centre of gravity is ‘moving east’. Subsequently, there is a lot to do in the area and there is an abundance of eateries and shops, and a particularly popular spot to visit is Westfield shopping centre, in Stratford, which has all of this under one roof. East London is also home to Queen Mary, University of London – which is one of the top universities in the UK. This university in Bethnal Green, was also asked to become a part of the Russell Group of Universities in 2012 and was acknowledged for being a top-class research-led institution. Having these valuable institutions in East London, helps to create a positive buzz about the area. Because of this, I have decided to bring to you the top developments in East London for under £500,000, so you can find an affordable home in one of London’s most popular areas:
Upton Gardens is a new development in Upton Park, which has been built on the site of where the old West Ham stadium once was. Barratt Homes has created a community of 842 homes which feature open green space, rooftop terraces, landscaped walkways and public art. The homes are split over two or three floors and each home includes either a terrace or balcony. The development is also a 6 minute walk away from Upton Park tube station, making it perfect for professionals and families. The development has also been awarded a NHBC ‘Pride in the job’ and currently has a new release of 2-bedroom apartments. Prices start at £474,000 and go up to £540,000.
This development is in regenerating Leyton, a 15 minute walk away from Lea Bridge station, and was built by Galliard Homes. The apartment complex features 38 highly specified one, two and three bedroom apartments together with two beautiful 3-bedroom townhouses. The modern homes all come with one of the following outside spaces: a balcony, terrace or garden. Private parking, for those who have cars, is available by separate negotiation and is located at the back of the development. Secure cycle storage is also available. Prices for a one bedroom apartment start at £350,000.
Aspext offers trendy London living in the desirable area of Hackney Wick and was developed by Taylor Wimpey. The apartments are perfect for nature lovers and are a short walk away from Victoria Park and Lee Valley. The River Lea is also close by and offers the opportunity of canal walks and bike rides. All of the apartments are finished to a high standard and most of them feature an open kitchen and balcony. The development is in TfL zone 2 and is a short ride on the overground to central London stations. It is also possible to reach London City Airport in 30 minutes by train. Prices start at £415,000 and go up to £570,000.
New Market Place by Barratt Homes, in East Ham, is an exciting new development built on the site of the former East Ham Market Hall. It constitutes 277 studio, one, two and three-bedroom apartments and also features a range of shops, cafes and restaurants. Each apartment features either a terrace or balcony and there are over 400 cycle spaces. The development is in TfL zone 3 and is a 7-minute walk to East Ham Underground Station. Apartments in the first phase will be available to move in to from Spring 2021. Prices start at £287,000 and go up to £502,000.
Orchard Wharf is a visually striking two building apartment complex, which has an aesthetic cascading effect. It is located on the bank of the River Lea, in the Docklands, and is currently being built by Galliard Homes. The development has an estimated completion date of Q3 2021. It is a mixed-use development and features 338 one, two and three bedroom apartments, duplexes and penthouses. Most will benefit from dual-aspect views and access to a balcony, terrace or ground-level garden. There will also be plenty of places for residents to relax and wander around, including: a café, retail facility, outdoor pavilion, courtyard gardens, two recreational areas and landscaped rooftop terraces. Prices start at £483,000 for a one bedroom apartment.
Notting Hill Genesis has created over 1000 new homes in The Royal Docks, which feature one, two, three and four bedroom apartments. The development is extremely close to Gallions Reach DLR station, making it the perfect spot for commuters and families. The interior of each apartment is modern and feature an open plan, bright and airy layout. There are also video entry phones, fibre broadband and high-tech kitchen appliances. Additionally the washer dryer is conveniently tucked away in one of the large hallway cupboards. Prices start at £350,000.
Fresh Wharf, in Barking, is a thrilling new development built by Countryside Properties. It is situated on the Barking Waterfront and comprises a combination of modern one and two bedroom apartments. The development is close to the North Circular, A13 and M25, making it the perfect place for those who need excellent road links to travel around London and the rest of the UK. Barking Town Centre is also less than a mile away from the development and has a range of leisure facilities and local amenities. Prices start at £320,000 and go up to £455,000.
Brunel Street Works in Canning Town is a development by Linden Homes which has spectacular one, two and three bedroom apartments. The apartments have amazing views over the 02 Arena, River Thames and Canary Wharf. The development also features rooftop terraces and podium gardens, and also has a 24-hour concierge service. The apartments are finished to an extremely modern finish and are close to Canning Town station, Emirates Air Line cable car and London City Airport. Prices for a home at this development, start at £465,000.