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East London property to kick on from 2012

East London covers the E1 – E18 postcodes and includes the places of Whitechapel, Hackney, Mile End, Bow, Isle of Dogs, Leytonstone, Shoreditch, Clerkenwell and Walthamstow. Hackney is one of London’s newest up-and-coming areas and has undergone much regeneration in recent decades, leading to the average house price being some £21,000 more than the London average. Along with the area’s large stock of Georgian and Victorian terrace properties, there is a growing number of new builds, warehouse conversions and period restorations, which means house hunters are spoilt for choice. 

Hackney is also inner London’s ‘greenest borough’ with 62 parks – seven with Green Flag status – and open spaces, along with Hackney Marshes which forms part of the Olympics site. In addition to the Games, Hackney’s growth in popularity is partially down to the new East London extension line, linking parts of the borough with the rest of the Underground network. Developments which prove popular with the area’s high proportion of 25-40-year-olds include Dalston Square, Adelaide Wharf, Parkholme Road and Albion Square.

Elsewhere, another area on the up is the centrally-located Clerkenwell which borders Bloomsbury, Holborn, Islington and King’s Cross, and is very close to the City. For this reason, creative professionals and City workers are keen to snap up Clerkenwell’s array of property which includes a mix of old warehouses, period buildings, converted offices and contemporary new build apartment blocks such as Warner House, The Lexington and One Britton Street. As a creative ‘hub’, Clerkenwell also boasts an array of trendy clubs, bars and several Michelin-starred restaurants.

Similarly vibrant, eclectic and in high demand is Shoreditch, whose residents range from artists and musicians, to financiers and lawyers. Classic London town houses and modern apartment developments can be found here, with Hoxton Square, the Shoreditch Triangle and Columbia Road real hotspots, and its recent makeover has really made it part of the capital’s financial community. A diverse range of galleries, boutiques, small businesses, bars and restaurants also lie within Shoreditch’s boundaries, and the markets at Spitalfields, Petticoat Lane and Columbia Road are always packed with bargain hunters.

Stirling Ackroyd is an independent firm of East London estate agents offering specialist advice on all aspects of both commercial and residential property. Pop into one of our five East London offices to see what property we have available.

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