[Axio, Bow, E3]

not sure if you're still reading... i've seen a few flats in that area. Neighbourhood isn't great but i do think it'll get better, only advice would be to drive a hard bargain, the number of flats being built in that area is astonishing, and you are at high risk of negative equity.

Guide price for this one just down the road has come down from 225 to 200, just to give you an example. If you're just looking for a BTL opportunity I don't see why you'd want to buy a new build, just find a second hand one (plenty of 2-3 y.o. properties) make low offers and snap a bargain...

http://www.rightmove.co.uk/property-for-sale/property-36605473.html

Yea, I decided against it due to oversupply of new-builds around there.

Couldn't really see that there were any nice-enough second hand properties. It's either new-build or ex-local around there. I know ex-locals can be good for BTL but I don't think the prospective City/Wharf worker for that sort of area would find the ex-locals attractive.

[Axio, Bow, E3]

Wouldn't be foxton's would it?

http://www.zoopla.co.uk/for-sale/property/e3-3rx/?include_retirement_homes=true&include_shared_ownership=true&new_homes=include&q=%20E3%203RX&search_source=nav

Seems a great deal. I'd buy two.

Sure you're in the right place?

It is Foxtons indeed. Which should perhaps warn me...

[Axio, Bow, E3]

BTL, eh? Well, caveat emptor.

You said 'better area'. Obviously there are many, many factors to consider when buying property (transport, recreational facilities, cultural activities, architecture, quality of local state schools (if relevant) etc etc) but the only objective measure of whether one area is 'better' than another is crime.

If you're a prospective landlord then that depends on what your prospective tenants think! On this forum one or two might be along shortly.

Yea, would definitely be interested in what prospective tenants think. I work in the Wharf and my colleagues are fairly split as to whether they would consider working there.

My bigger concern though is if I want to trade in 4/5 years whether I can get some good appreciation on the property. There are quite a few new builds in the area and so suspect my asking price will be constrained by what the developers are then asking for.

[Axio, Bow, E3]

The breakdown doesn't look too dissimilar to where I currently live and I've never felt less than safe there. This would be a BTL opportunity though mainly for young professionals in the Wharf/City.

Areas are a bit more than their crime stats though surely.

Would those figures suggest to you it's not a good area to buy?

[Axio, Bow, E3]

1172 crimes reported in December 2012 within a 1 mile radius of that location.

Hmm, that sounds bad at first glance but checked where I live (Oval) and there were 1500 incidents in December but it's a much better area than Devons Road!

[Axio, Bow, E3]

Not meant as an advert at all - just slightly worried about buying in the area and would appreciate any advice from wiser heads than mine!

[Axio, Bow, E3]

Hi everyone,

I'm new to this forum but was wondering what people thought of the Axio development in Bow, E3? http://www.axiolondon.com/

Estate agent is telling me that the developer would accept an offer of £275k for a two-bed with a balcony (about 750 sq feet), which would include legal fees, stamp duty and a furniture pack paid for by the developer.

Seems like a good deal to me. I know the area isn't exactly uber-prime but with the expansion of Canary Wharf, redevelopment of Bromley-by-Bow and the transport options into the City/Canary Wharf, seems like good value, especially compared to the "gentrifying" parts of East London.

Any thoughts?

Trizzle