With Epping Forest a stones’ throw away, ample green space, and tonnes of character, Woodford offers a quiet respite from the busyness of central London – yet for commuters, it’s a short 10 miles back into the heart of the city. Great schools are one more reason why families choose to become homebuyers here. For investors, Woodford properties represent an excellent return. Let’s take a closer look at why Woodford has become such a fashionable place to invest.
The history of Woodford
A statue of Winston Churchill, Tory wartime leader and Woodford’s MP from 1945 to 1964 takes pride of place on one corner of The Green, lending even more character to this north-east London neighbourhood and hinting at a chapter from its intriguing history.
What began as a series of medieval hamlets grew during the 1700s, when wealthy people with business in London began building mansions and taking up residence. Woodford became a municipal borough in 1937 and since 1965, it has been part of Greater London.
Touring through Woodford, you’ll find a few grand Edwardian and Victorian houses mixed with newly-built flats as well as detached and semi-detached homes and terrace houses dating back to the 20s and 30s. The neighbourhood comprises an entire series of picturesque villages all along the High Road, Chigwell Road, Woodford Green, and Woodford New Road. To the west is Walthamstow, to the east is Barkingside, and to the south, Wanstead. Loughton and Chingford lie to the north.
Woodford’s neighbourhoods – Monkhams, Woodford Wells, Woodford Green, Woodford Bridge, and South Woodford – are all within easy reach of the M25, the M11, and the North Circular. There are two London Underground stations – one at Woodford and a second at South Woodford. Both Tube stations are on the Central Line, in Zone 4. Travel times are 20 minutes to Bank and 30 minutes to Oxford Street.
7 bedrooms, 5 Bathrooms | Epping New Road, Buckhurst Hill, IG9
In contrast to its many gracious period homes, Woodford offers a few brand-new developments and some nice, newer terrace houses for sale.
We've selected a few of our favourite properties currently on the market with us:
3 bedrooms, 1 bathroom | Crownhill Road, Woodford, IG8£500,000 (Freehold)
Rent Potential £1,600 PCM
1 bedroom, 1 bathroom | High Station Avenue, South Chingford, E4£225,000 (Leasehold)
Rent Potential £1,000 PCM
2 bedrooms, 1 bathroom | Princes Road, Buckhurst Hill, IG9£420,000 (Freehold)
Rent Potential £1,400 PCM
3 bedrooms, 1 bathroom | Drysdale Avenue, North Chingford E4£475,000 (Freehold)
Rent Potential £1,600 PCM
Why consider property investment in east London?
Offering easy commutes, excellent schools, and family-friendly features, east London communities like Woodford attract homebuyers and investors alike. Buy-to-let investors do well with homes in the Churchfields infants and junior schools catchment area, which tend to attract young professionals with families. Commuters appreciate access to a variety of transport options, and large-scale regeneration zones are attracting new businesses that offer desirable employment opportunities.
Trends from Dataloft’s London Market Report 2018 show that property investment in east London should prove profitable now and into the future. For example, the selling price of an apartment in one of the large regeneration projects rose by an average of 17% per annum between 2012 and 2016, far outpacing inner London’s average of 8% per annum for non-regeneration flats.
More than 50% of Londoners are renters and Dataloft’s report forecasts a 14% rental growth that should continue into 2022. Combined with increased employment opportunities, affordable rental prices make east London the ideal choice for young professionals who prefer to rent. Investors looking for buy-to-let opportunities in east London’s regeneration zones should strike while the iron is hot – and for homebuyers, there’s no time like the present as property values are set to increase further in coming years.
If you are considering buying or investing in Woodford or east London, give our friendly local Woodford estate agent team a call on 020 8559 2110. Similarly, if you have a property in the area you are considering selling, find out how much it’s worth in 60 seconds with an instant property valuation.