Population: 31,465 – Average Property Price: £464,124 – Average £ per sq. ft.: £530
After hosting the Olympic Games in 2012, Stratford has become a huge success in successful regenerating the area and attracting a wide range of ambitious property and commercial developments.
Stratford has welcomed a number of investments from arts, creative businesses and international institutions that have truly changed the fortunes of this once struggling area.
Given the regeneration of the area, Stratford has begun attracting families with larger budgets who are looking to take full advantage of the vibrant area that continues to oversee some impressive investment and structures across its borders.
“The emphasis is now on creating new neighbourhoods and the bits between the Olympic Park, the Royal Docks and the Isle of Dogs will gradually be brought into this vision,” explains Dr Paul Brickell, who is overseeing the regeneration at the London Legacy Development Corporation.
“We are focused on trying to make sure enough of the new homes will be lower priced. You will now start to see the Olympic legacy influencing more development further east in the Thames Gateway.”
Although property prices across Stratford remain reasonably priced at the moment, we expect prices to begin to be climbing at a faster rate as larger property developments are constructed and new neighbourhoods are built.
Stratford is a key opportunity for experienced property developers looking to oversee construction on large properties that are expected to attract families with a bigger budget.
Despite the constant regeneration, the average price per square feet remains at an affordable £530, which makes it a great time to purchase land in the area and build properties.
With multi-million-pound investments being carried out into building new homes in areas such as East Wick and Sweetwater and Fish Island Village, we anticipate a high level of interest in larger family properties that should quickly attract offers from prospective buyers. Where else are family buyers looking to purchase a property?
Larger semi-detached homes are incredibly popular in Stratford given the added emphasis on building flats in the area. Stratford represents an exciting development opportunity today. Hunter Finance is here to provide you with a fantastic insight into property development.
Hunter Finance offers fast and flexible finance to property developers all over Essex.
We lend to a wide range of people, including:
60% of the commercial value of the properties on completion plus 100% of the build costs. You can borrow between £100,000 and £2.5m.
If you would like to find out more about our property loans for your project, please call 01825 749721.