East London has become more and more popular in the past five years, offering lower property prices but great transport links and more and more local amenities. With Walthamstow the first area to grow in popularity, Forest Gate and now Leyton are hot on its heels, making them a great area to direct your attention at this time.
1. Investment and Growth
There will be inevitable investment and growth in local businesses when the borough of Waltham Forest, in which Leyton sits, will be London Borough of Culture in 2019. With this, alongside Crossrail coming to nearby Forest Gate and transport links to Barking set to be happening, this area is only going to become more accessible over the coming years. With pricing being lower and demand rising there will inevitably be more property growth as there is much more undeveloped land here than elsewhere in London.
Areas with the best rental yields in Leyton include Leyton Grange Estate at 4.7% and below Leyton Underground Station at 4.7%.
2. Social Life
Leyton and nearby Leytonstone have seen a large amount of local businesses moving into the area, with plenty of pubs, cafes, restaurants and locally run shops to cater for the needs of the locals. There’s plenty of small parks in the vicinity and a much slower pace of life than further in Zone 2 East London.The best thing about this area is that the Central Line connects it quickly to Stratford, for shops, nightlife and the Olympic Park, and also into Liverpool Street and Tottenham Court Road in under half an hour, to give you easy access to Central London.
3. Types of properties
Leyton offers plenty of types of properties. Although there are smaller one and two bed flats, the majority of properties here are terrace properties, offering either freehold or share of freehold. These terraces offer three to four bedrooms on very residential streets.
Some great properties Portico have for sale in the area include this three bed flat within a terrace, set over two floors and located on the popular Francis Road or this two bed share of freehold flat with a gorgeous garden and beautiful decor throughout.
Leyton has several transport options for residents. As previously mentioned, the Central Line is a fantastic line to get you into and across London very quickly from here. Leyton is also just a stop on from Stratford, which offers DLR, Overground, Jubilee and Rail alternatives. The other side of Leyton offers Overground access between Barking and Gospel Oak, helping you reach North London easily. Buses are readily available in the area and more residents have cars than further into London so they can escape to Essex easily from here.
5. Property Prices
Property prices in Leyton haven’t yet risen as much as neighbouring towns, making this a good time to buy property there. According to Rightmove data most of the sales in Leyton over the past year were terraced properties which on average sold for £543,853. Flats had an average sold price of £354,205 and semi-detached properties averaged at £543,955. In the past year house prices in Leyton were 6% up on the year before and 26% up on 2015 when they averaged at £365,342. Rental yields in the area are an average 4.3%.
To explore the properties we have for sale in this area, click here now. You can also explore our auto-updating Yield Map to keep on top of yields by area around London now.
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