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House Price Crash forum > House Prices > Regional House Prices > England - Greater London
reesacini
Certain Postcodes in Greater London are currently rock bottom that could capitalise from the recent house price freeze, places to note include Greenwich, Woolwich, Plumstead, Thamesmead (West), Ebsfleet and obviously Stratford and the neighbouring postcodes.
Is it too soon to estimate these areas as up and coming or is it a case of Strike while the irons hot.
Or the obvious of holding off and waiting to see?????

Such recent reports from the like of city news and Panorama, has merely stimulated the investment of such areas of West Thamesmead, Woolwich etc.

Are these wise investments or bad choice, the investors think these properties will ultimately be affected but once the regeneration is complete sky rocket, take a slump for a year, then watch it build back up as a five year investment, I know what I think but would like to hear your views.

So lets hear it!!!!
reesacini
Thamesmead central and North are still lacking due to rail links, but Thamesmead West displays all of the requirements for one of the fastest moving price increases in the next couple of years, the SE28 and SE18 have always been the cheaper postcodes in LDN however with regeneration in full swing and many benefits pencilled into the surrounding areas this has to be a good looking prospect.
Woolwich is being regeneratde in the town and the DLR coming in this year will have dramatic effect. Thames gateway bridge is planned for a mile or so down river coupled with the fact that many reposessions have already taken hold show this area to be gutter pricing at the moment, which could suggest massive growth in the next couple of years.
Ebsfleet has already started to show promise but the prices are reflecting this, Thamesmead has yet to show its hand.
Could SE28 be the profit postcode in 2008/9.
meltsheep
QUOTE (reesacini @ Feb 23 2008, 06:39 PM) *
Ebsfleet has already started to show promise but the prices are reflecting this, Thamesmead has yet to show its hand.
Could SE28 be the profit postcode in 2008/9.


Profit ? You are talking total b*ll*ocks. The only way is DOWN.
Benedict
I can't see thamesmead doing well. It's not somewhere that anyone really wants to live, it's somewhere that people move out to because they can't afford the houses anywhere that they do want to live. If the market crashes so that desirable areas come within reach why on earth would people go for Thamesmead?

Areas like that are great when you're coming into a boom because they benefit from gentrification after people are forced out, they're utterly toxic coming into a crash because the tentative early regeneration reverses and they slip back into being real slums until the next boom starts.
lindsayg
I've been looking at Thamesmead because the prices are so good, but... There's no transport. Nothing! You'd have to be pretty desperate, or not working (so uncaring of commuting times) to live there. Neither makes it a likely area to fill up with happy, prosperous people any time soon..
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