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Stan30

Tottenham (Bruce Grove)

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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

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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).

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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. ;)

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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.

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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.

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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 ;)

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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.

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@ 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.

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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

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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.

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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........

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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.

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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 :rolleyes:

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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 by Will!

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@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.

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