October 28, 2017
Property gossip August 2016

Located in East London, as part of Waltham Forest borough, Leytonstone is just 7 miles from Charing Cross. With a population in excess of 12,000 people, it may not be the biggest area of the East End but a lot of people like the mixture of new and old that is found in modern day Leytonstone.

For many people, a key aspect of Leytonstone is the fact that the local underground station lies on the Central line. Trips to Liverpool Street take around 12 minutes so Leytonstone is a fantastic base for moving around the capital. Leytonstone is one of the areas that have benefitted from the night service on the London underground, which is another factor that has benefitted local residents. Add in the fact that there is a London Overground railway station in Leytonstone High Road and this is an area with a lot of good commuting and travel options. Cyclists will find that taking the Canal Routes sees them travelling from Leytonstone to the City in 30 minutes.

Education is important and Leytonstone provides good options

A factor that is important for many people when choosing an area to live in the educational facilities on offer. In the E11 postcode area, there are a number of primary schools, Our Lady of Lourdes RC Primary School, Wanstead Church School, Jenny Hammond Primary School, Davies Lane Primary School, Gwyn Jones Primary School, Mayville Primary School and George Tomlinson Primary School. Wanstead Church School received an “Outstanding” report from Ofsted in their most recent study, which took place in July 2017.

There are also four secondary schools listed within the E11 postcode area and these are Connaught School for Girls, Leytonstone Business and Enterprise Specialist School, Wanstead High School and Buxton School. The first three of these schools have been classed as “Good” by Ofsted with Buxton School being listed as “Satisfactory”.

Another important aspect that appeals to many people living in Leytonstone, or considering moving there, is the fact that Westfield Stratford City is just 5 to 10 minutes by London Underground Central line or by driving. With 350 stores in the centre and around 10,000 jobs allocated to the centre (with over 2,000 for local residents), this is just one of the many new features that this area of London has benefitted from in recent times.

Leytonstone has benefitted from regeneration

While it would be easy to focus on the changes in this area of London relating to the London Games in 2012, it would be wrong to overlook the traditional aspects of Leytonstone. This is an area that houses a range of Victorian properties, many of which have spacious front and back gardens. Epping Forest is also located within walking distance which means that there is a fantastic expanse of greenery on hand for Leytonstone residents.

As of October 2017, the average value of property in Leytonstone is listed as £497,346 while the average price paid for property in the past 12 months comes in £500,999. With respect to the London Borough of Waltham Forest, the average value of property stands at £451,430 and the average price paid for property is listed as £467,717.

With respect to average rents in the area, this has been listed as £1,390 per calendar month. The rents range from £1,049 per calendar month for a one bedroom property all the way through to an average of £2,519 per calendar month for five bedroom properties. Anyone looking to invest in buy to let property in Leytonstone will appreciate the expected return of 6.08% for a one bedroom property while a two bedroom property offers an expected return of 5.69%. For three, four and five bedroom properties, the expected returns are 5.29%, 4.14% and 3.22%.

There is no denying that regeneration of the East end of London has transformed many areas, and there have been significant changes and developments in Leytonstone. However, many of these changes have been for the better and there is a lot to like about local life, particularly when you are looking to reap the benefits of a traditional East End area that is perfectly in tune with the pace and demands of modern life.