Well my recent articles about Docklands’ most moved street in the last 3 years and the Monopoly board article (the one where I listed the most valuable streets) caused quite a lot of interest locally, so I decided to see what else I could find out about the E14 postcode area, and I have been able find out the biggest streets in the Docklands (E14) postcode area.
Don’t worry, I will get back to some hard-hitting articles about the lack of new homes being built in Docklands, the trials and tribulations of being a Docklands buy-to-let landlord and the future of the Docklands property market .. yet in this article because of the previous positive comments, I wanted to give you what you, the Docklands homeowners and Docklands landlords asked about and wanted!
The biggest street in E14, when it comes to the number of houses on it is Westferry Road, with 1,310 homes. In second place is Millharbour with 1,140 homes and in third is Manchester Road with 852 homes.
Not surprisingly, the most valuable street of the top 20 biggest streets is Westferry Road at £698m with an average value of £533,000 per property.
The street with the greatest number of movers in the last 3 years is Crossharbour Plaza, with the highest saleability rate of 79.5%.
Yet, did you really think I wouldn’t get at all serious ..
The basic rudiments of the Docklands property market remain principally healthy in many parts of Docklands, yet the existing political environment means that the vital element of confidence has been diminished slightly in certain parts, and that is triggering a minority of potential property purchasers and house-sellers to vacillate, yet with unemployment at an all-time low, a record number of people with a job, ultra-low interest rates and decent mortgage availability (with the Banks and Building Societies tending to drop mortgage rates instead of increasing them), those Docklands first time buyers (and especially Docklands buy-to-let landlords) who have adjourned their next house purchase because of perceived political uncertainty should be reminded that talking to many of my fellow Docklands agents they have more homes on their books than at any time for the last three or four years, so there is a greater choice of Docklands properties to call your next home/BTL investment with a potential of securing a great property deal in the next month or so.
Irrespective of what happens with Brexit, Docklands people will still need a roof over their heads and as I have mentioned on a number of occasions, I have proved beyond doubt we aren’t building enough homes both locally in Docklands and nationally. If supply is limited and demand increases (as the population grows and we get older), prices in the medium to long term can only go in one direction. Upwards!
So, whatever happens with BoJo and Brexit – why wait, because once we get over that hurdle, there will just be another hurdle and another hurdle and by which time – we will be in 2029 and you would have missed the boat. We survived the Global Financial Crash, 3-day week in 1970s’, hyperinflation etc etc … yet the choice is yours.
One place for more information is my Docklands Property Market blog. If you are a landlord or thinking of becoming one for the first time, and you want to read more articles like this about the Docklands property market together with regular postings on what I consider the best buy to let deals in the Docklands area, then it is well worth reading. You can also email me at firstname.lastname@example.org
If you are in the area feel free to pop into the office which is based at Landmark Estates, 264 Westferry Road, London, E14 3AG