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Renting In East London E14

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Hi everybody,

I'm looking to rent in east london, E14. Probably around Mudchute, Crossharbour, Westferry.

Looking for a 2 bed place for around £1000/month.

Does anyone have experience in this area? Or is anybody currently looking to rent here?

Been monitoring property bee for the past few months. It looked good up until recently, but now I am seeing less price reductions as well as an actual drop in the number of properties.

Is it still a tenant's market? Am I likely going to be able to haggle advertised prices down?

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the answer is yes. Haggle haggle haggle. The is currently NO relatinship between advertised prices and actual renting prices in canary wharf. The market is ******ed...

E14 is possibly the best place in London to take advantage as a renter at the moment bar none.

Agents are desperate.

I am currently renting a flat for £250 a week that was on at £325 last year and they originally asked for £300 this year before I knocked em down. It was hard and it took 2 weeks but they relented in the end... Its a very nice flat with a panoramic view, gym, pool, security, parking etc. It is only a 1 bed however...

There are swathes of empty flats.

Best places to grab a bargain:

New providence wharf in blackwall - soooo many empty flats. these were all premier executive flats at one point, not anymore

T

he lighthouse in blackwall - no lights on at night,.... is anyone home. nah sorry...

That tall one with the cinema and all that. i've forgotten the name off... erm it'll come to me - completely empty and a disaster. They anticipated renting studios for £350 per week last year... no flipping chane.

Canary central - south quay

Canary riverside - south quay

Burrels wharf - island gardens

St Davids square - island gardens.

Enjoy. Any questions ask me...

Take the monthly price, knock of £300 and there's your offer! easy peasy...

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+1

the answer is yes. Haggle haggle haggle. The is currently NO relatinship between advertised prices and actual renting prices in canary wharf. The market is ******ed...

E14 is possibly the best place in London to take advantage as a renter at the moment bar none.

Agents are desperate.

I am currently renting a flat for £250 a week that was on at £325 last year and they originally asked for £300 this year before I knocked em down. It was hard and it took 2 weeks but they relented in the end... Its a very nice flat with a panoramic view, gym, pool, security, parking etc. It is only a 1 bed however...

There are swathes of empty flats.

Best places to grab a bargain:

New providence wharf in blackwall - soooo many empty flats. these were all premier executive flats at one point, not anymore

T

he lighthouse in blackwall - no lights on at night,.... is anyone home. nah sorry...

That tall one with the cinema and all that. i've forgotten the name off... erm it'll come to me - completely empty and a disaster. They anticipated renting studios for £350 per week last year... no flipping chane.

Canary central - south quay

Canary riverside - south quay

Burrels wharf - island gardens

St Davids square - island gardens.

Enjoy. Any questions ask me...

Take the monthly price, knock of £300 and there's your offer! easy peasy...

+1

The only extra advice i would give is since you have choice be picky about location ;)

A lot of nice flats have been put up in bad locations and sold to investors

You want a flat close to the DLR or (better) the tube that you will feel safe walking to/from at night :unsure:

(even if you work in the wharf you will want to go into central london often)

Unless you have a car make sure its a walking distance to shops/bars/cinemas you might actually want to go to ;)

(there aren't that many outside the original canary wharf complex)

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Thanks for the advice guys. LA are being a bit stubborn saying landlord won't accept this price or the other. Been mainly looking at £250/pw price range and hoping to get that down to £220. Would prefer Westferry/Limehouse but have been considering Mudchute too (though its a bit further out).

Out of curisoity what do you make of this:

http://pimlico-flats.co.uk/blog/renting-st...-rental-prices/

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Thanks for the advice guys. LA are being a bit stubborn saying landlord won't accept this price or the other. Been mainly looking at £250/pw price range and hoping to get that down to £220. Would prefer Westferry/Limehouse but have been considering Mudchute too (though its a bit further out).

Out of curisoity what do you make of this:

http://pimlico-flats.co.uk/blog/renting-st...-rental-prices/

Wow - someone in the rental business saying rents are going to rise 15% in 3 months. Mmm!

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Let me reassure you....

Agent's will always always turn down your first offer, so make it LOW and I mean really low and then go up.

All the people on here who suggest going in at 200 or even 100 quid a month below the asking price are IDIOTS... knock off 500 quid and then negotiate up... the worst they can say is NO. Unless your embaressed by your first offer when it comes out your mouth, then it's TOO HIGH!

This is even more important in E14 where there is massive supply... you are in a great position so go for it and capitalise...

I know a lot of the developments around here, feel free to highlight any ones you are considering and I will give my opinion if required.

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I think that probably isn't gonna get you a great response from the letting agent. They have to take you a bit seriously if they are going to bother continue showing you properties.

Though having said that I was in agents office the other day - the agent was on the phone to the landlord and I heard her say - "The thing is that the market is really silly at the moment. Tenants are putting silly requests in and if they don't get it, they just go somewhere else".

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