Stan30 Posted January 25, 2015 Share Posted January 25, 2015 Hello Everyone, I have been a long time lurker and would like peoples opinions on my current plan. My wife and I have been renting in Stoke Newington for over 3 years @ 1350 per month for a 1 bed flat which is literally falling apart. We plan selling our house in Manchester which we currently rent out t enable us to buy a house in Tottenham we will free up 65k from the sale in Manchester (chorlton). We have saved another 40k and want a house and Tottenham is close to Stoke Newington and affordable. Its also inbetween both our work places. The hope being that when we return to the North West in 5/6 years we will keep the house in Tottenham and rent it out. I have been told Crossrail 2 will hopefully get the go ahead to add value to the area eventually. Spoke to an estate agent and explained the type/size of house we are after and he has said 450k is needed and below are 2 examples in the couple of streets off Bruce. Just want to think if people think this is a good move?, and the best type of house to go for?, all comments are welcome. Thanks Stan http://www.rightmove.co.uk/property-for-sale/property-48846521.html?backListLink=%2Fproperty-for-sale%2Fmap.html%3FlocationIdentifier%3DREGION%255E87532%26insId%3D1%26minPrice%3D350000%26maxPrice%3D700000%26minBedrooms%3D3%23_includeSSTC%3Don%26auction%3Dfalse%26locationIdentifier%3DREGION%255E87532%26maxPrice%3D700000%26minBedrooms%3D3%26minPrice%3D350000%26previousSearchLocation%3DTottenham%26radius%3D0.0%26searchLocation%3DTottenham%26searchType%3DSALE%26useLocationIdentifier%3Dfalse%26box%3D-0.09042%2C-0.06167%2C51.58590%2C51.59718%26popupPropertyId%3D48846521&fromMap=true http://www.rightmove.co.uk/property-for-sale/property-33020853.html?backListLink=%2Fproperty-for-sale%2Fmap.html%3FlocationIdentifier%3DREGION%255E87532%26insId%3D1%26minPrice%3D350000%26maxPrice%3D700000%26minBedrooms%3D3%23_includeSSTC%3Don%26auction%3Dfalse%26locationIdentifier%3DREGION%255E87532%26maxPrice%3D700000%26minBedrooms%3D3%26minPrice%3D350000%26previousSearchLocation%3DTottenham%26radius%3D0.0%26searchLocation%3DTottenham%26searchType%3DSALE%26useLocationIdentifier%3Dfalse%26box%3D-0.07938%2C-0.06500%2C51.59085%2C51.59649%26popupPropertyId%3D33020853&fromMap=true Quote Link to comment Share on other sites More sharing options...
Will! Posted January 25, 2015 Share Posted January 25, 2015 Police crime map tells all. http://www.police.uk/metropolitan/00APGC/crime/ Quote Link to comment Share on other sites More sharing options...
tpsman Posted January 25, 2015 Share Posted January 25, 2015 Hello Everyone, I have been a long time lurker and would like peoples opinions on my current plan. My wife and I have been renting in Stoke Newington for over 3 years @ 1350 per month for a 1 bed flat which is literally falling apart. We plan selling our house in Manchester which we currently rent out t enable us to buy a house in Tottenham we will free up 65k from the sale in Manchester (chorlton). We have saved another 40k and want a house and Tottenham is close to Stoke Newington and affordable. Its also inbetween both our work places. The hope being that when we return to the North West in 5/6 years we will keep the house in Tottenham and rent it out. I have been told Crossrail 2 will hopefully get the go ahead to add value to the area eventually. Spoke to an estate agent and explained the type/size of house we are after and he has said 450k is needed and below are 2 examples in the couple of streets off Bruce. Just want to think if people think this is a good move?, and the best type of house to go for?, all comments are welcome. Thanks Stan http://www.rightmove.co.uk/property-for-sale/property-48846521.html?backListLink=%2Fproperty-for-sale%2Fmap.html%3FlocationIdentifier%3DREGION%255E87532%26insId%3D1%26minPrice%3D350000%26maxPrice%3D700000%26minBedrooms%3D3%23_includeSSTC%3Don%26auction%3Dfalse%26locationIdentifier%3DREGION%255E87532%26maxPrice%3D700000%26minBedrooms%3D3%26minPrice%3D350000%26previousSearchLocation%3DTottenham%26radius%3D0.0%26searchLocation%3DTottenham%26searchType%3DSALE%26useLocationIdentifier%3Dfalse%26box%3D-0.09042%2C-0.06167%2C51.58590%2C51.59718%26popupPropertyId%3D48846521&fromMap=true http://www.rightmove.co.uk/property-for-sale/property-33020853.html?backListLink=%2Fproperty-for-sale%2Fmap.html%3FlocationIdentifier%3DREGION%255E87532%26insId%3D1%26minPrice%3D350000%26maxPrice%3D700000%26minBedrooms%3D3%23_includeSSTC%3Don%26auction%3Dfalse%26locationIdentifier%3DREGION%255E87532%26maxPrice%3D700000%26minBedrooms%3D3%26minPrice%3D350000%26previousSearchLocation%3DTottenham%26radius%3D0.0%26searchLocation%3DTottenham%26searchType%3DSALE%26useLocationIdentifier%3Dfalse%26box%3D-0.07938%2C-0.06500%2C51.59085%2C51.59649%26popupPropertyId%3D33020853&fromMap=true I grew up round that area. It's not great, and doesn't seem to have improved much in recent years. There's a couple of new/refurb-ed pubs and restaurants that have opened nearby, but I wouldn't expect the area to improve much. Tottenham is one of those places that seemed to just increase prices massively without reason (i.e. 500k would get you a 3-bed house in some much nicer areas). Quote Link to comment Share on other sites More sharing options...
winkie Posted January 25, 2015 Share Posted January 25, 2015 I know that area well, used to travel to work there every day, always felt safe....looked at a house, needed some work mid 80s Ranelagh Rd asking price £25k....how things have changed. Quote Link to comment Share on other sites More sharing options...
Stan30 Posted January 25, 2015 Author Share Posted January 25, 2015 hi guys, thanks for the input, i agree the crime map looks bad, but the Stoke Newington map looks bad also and the house prices cost 3 times as much. @ tpsman , any other areas you would suggest? my thinking was people who are priced out of Stoke Newington and Croch End etc.. would move to Tottenham. Quote Link to comment Share on other sites More sharing options...
chicker Posted January 25, 2015 Share Posted January 25, 2015 Slightly confused about your Crossrail 2 comment. Crossrail 2 if approved will be finished sometime in early 2030s , it will going thru Seven Sisters (Victoria line) which is already the fastest tube line in existence (trains less than every 2 mins - 13 min Oxford Circus) . Bruce Grove station goes into Liverpool St (via Hackney Downs ) and South Tottenham is on the Barking - Gospel oak line . What new connections would C2 offer to the area ? Also you would still be 10 -15 mins walk to Seven Sisters from Bruce Grove . C2 will make areas with poor transport connections more desirable but Seven Sisters has good connections. Btw Bruce Grove will be part of the London Overground network from May - so expect some changes there. Lived and worked in the area , still go there for football . Wouldn't live there - even the Greggs closed down. Also Spurs new stadium plans are unlikely to bring the regeneration the area so badly needs. Quote Link to comment Share on other sites More sharing options...
chicker Posted January 25, 2015 Share Posted January 25, 2015 Schools are also bad in the area . Although if Walthamstow can become trendy anywhere can. Quote Link to comment Share on other sites More sharing options...
tpsman Posted January 25, 2015 Share Posted January 25, 2015 hi guys, thanks for the input, i agree the crime map looks bad, but the Stoke Newington map looks bad also and the house prices cost 3 times as much. @ tpsman , any other areas you would suggest? my thinking was people who are priced out of Stoke Newington and Croch End etc.. would move to Tottenham. They may well do, but that doesn't mean it's going to turn into the next Stoke Newington Quote Link to comment Share on other sites More sharing options...
Bubble & Squeak Posted January 25, 2015 Share Posted January 25, 2015 try edmonton green its well rough now but once london overground comes in the bomads will follow Quote Link to comment Share on other sites More sharing options...
Starla Posted January 25, 2015 Share Posted January 25, 2015 I've lived in some less than salubrious parts of London in my lifetime, but never have I wanted to get away from somewhere so fast as Tottenham and Bruce Grove. I was in Tottenham about 2 months ago, and walked down to Bruce Grove station, it felt edgy and very uncomfortable to me and a quick google search of crime and gangs in the local area tells me all I needed to know. Each to their own, and maybe I'm a West London Wuss these days, but I wouldn't live there. Quote Link to comment Share on other sites More sharing options...
julieannboo Posted January 25, 2015 Share Posted January 25, 2015 Full of eastern europeans. Got like that since 2003. But the past year or so you can hear the occasional english voice so the tide is turning and tottenham is going up. Quote Link to comment Share on other sites More sharing options...
barbarossa Posted January 25, 2015 Share Posted January 25, 2015 @ tpsman , any other areas you would suggest? my thinking was people who are priced out of Stoke Newington and Croch End etc.. would move to Tottenham. We've had lots of Stokeyites move here to my bit of Leytonstone over the last 18 months or so. Quote Link to comment Share on other sites More sharing options...
Bubble & Squeak Posted January 25, 2015 Share Posted January 25, 2015 Full of eastern europeans. Got like that since 2003. But the past year or so you can hear the occasional english voice so the tide is turning and tottenham is going up. i tried to buy a house around tottenham hale in 2013 but kept getting outbid by middle class bomads a colleague from the area recently told me "the woman who bought my mums house was well posh" they don't realise until its too late what a mission it is to get on the tube after blackhorse road Quote Link to comment Share on other sites More sharing options...
chicker Posted January 26, 2015 Share Posted January 26, 2015 We've had lots of Stokeyites move here to my bit of Leytonstone over the last 18 months or so. Leytonstone - 2 stops from Stratford and much nicer than Leyton . Housing stock similar to SN in many ways - solid turn of century terraces. Quote Link to comment Share on other sites More sharing options...
chicker Posted January 26, 2015 Share Posted January 26, 2015 try edmonton green its well rough now but once london overground comes in the bomads will follow Not sure how keen the bomads will be if they hear about the local beheading last summer........ Quote Link to comment Share on other sites More sharing options...
redtom Posted January 26, 2015 Share Posted January 26, 2015 Leytonstone - 2 stops from Stratford and much nicer than Leyton . Housing stock similar to SN in many ways - solid turn of century terraces. Leytonstone definitely used to have the upper hand but Leyton looks to be catching up very quickly now. Proximity to the Olympic park / Hackney / Walthamstow / Upcoming Crossrail in Stratford seem to be having an effect and the tart up of the high street didn't hurt either. Francis road area especially with hipster cafes (Marmelo kitchen, Albert + Francis) popping up. Quote Link to comment Share on other sites More sharing options...
chicker Posted January 26, 2015 Share Posted January 26, 2015 Leytonstone definitely used to have the upper hand but Leyton looks to be catching up very quickly now. Proximity to the Olympic park / Hackney / Walthamstow / Upcoming Crossrail in Stratford seem to be having an effect and the tart up of the high street didn't hurt either. Francis road area especially with hipster cafes (Marmelo kitchen, Albert + Francis) popping up. haven't been to Leyton for 2 or 3 years and back then it really was on its knees. Maybe there is hope for Edmonton Green Quote Link to comment Share on other sites More sharing options...
Stan30 Posted January 26, 2015 Author Share Posted January 26, 2015 @ bARBAROSSA what part of Leytonstone are you based at? @ Bubble and Squeak what is a middle class Bomad? Quote Link to comment Share on other sites More sharing options...
Will! Posted January 26, 2015 Share Posted January 26, 2015 (edited) BOMAD = Bank Of Mum And Dad. An individual or couple buying property with major financial assistance from parents. Stereotypically with parental encouragement that 'prices only ever go up' etc. Edited January 26, 2015 by Will! Quote Link to comment Share on other sites More sharing options...
Stan30 Posted January 26, 2015 Author Share Posted January 26, 2015 cheers will Quote Link to comment Share on other sites More sharing options...
Stan30 Posted January 26, 2015 Author Share Posted January 26, 2015 where in Tott Hale was the house you bid on B & S? Quote Link to comment Share on other sites More sharing options...
barbarossa Posted January 26, 2015 Share Posted January 26, 2015 @stan30 We live right in the South of Leytonstone, near Cann Hall road. Thoroughly recommend it. There's some snobbery in Leytonstone toward those of us in the south. Doesn't bother me - down here we get the best (ahem) of Forest Gate and Leyton. Also near the Olympic Park and Hackney Wick. Was always a 'cheap' area (relatively speaking) given the proximity to central London, and prices still lag a bit (although I haven't needed to check for ages). The whole area - including Leyton as others have mentioned - has improved enormously in the last couple of years. Leyton in particular was a place to avoid. Not now. Quote Link to comment Share on other sites More sharing options...
Bubble & Squeak Posted January 27, 2015 Share Posted January 27, 2015 where in Tott Hale was the house you bid on B & S? the roads around dowsett road 12ish min walk to tottenham hale must be infested with bomads now Quote Link to comment Share on other sites More sharing options...
Bubble & Squeak Posted January 27, 2015 Share Posted January 27, 2015 Not sure how keen the bomads will be if they hear about the local beheading last summer........ once it comes onto london overground people will know its there i'm tempted to buy this http://www.rightmove.co.uk/property-for-sale/property-48035044.html Quote Link to comment Share on other sites More sharing options...
chicker Posted January 27, 2015 Share Posted January 27, 2015 once it comes onto london overground people will know its there i'm tempted to buy this http://www.rightmove.co.uk/property-for-sale/property-48035044.html Know the area well - sister lives approx. 100 yds away. The west side of Edmonton Green is nicer .......and it's close to station so you can get the hell out of there. Quote Link to comment Share on other sites More sharing options...
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