Burdett Road Report - Part2

Local Area Analysis The development is enviably close to London’s major business and leisure district. It also provides the opportunity to capitalise on the growth expected in the Thames Gateway over the short, medium and longer term.

Computer image of what the aquarium will look like

A key new development which will breathe life into the area and generate huge tourist footfall is the new Aquarium. The Aquarium is being developed on the west side of Pontoon Dock across the road from the attraction will be Pontoon Dock DLR station. When the DLR extension is completed it will be several stops from Westferry. It is set to complete in 2008 and will be the most prestigious facility of its kind in Europe. It has plans for 120,000 sqft of water space, as well as retail, leisure and restaurant facilities

The Excel Exhibition Centre

The Excel Centre is London’s largest single site exhibition centre with 65,000 sqm of exhibition space, attracting some of the most prestigious events in the UK. It hosts approximately one million visitors per annum.

The 50 acre Business Park will be the capital’s largest urban business park with 1.6 million square feet of offices and 100,000 square feet of retail and leisure space. It will occupy a one mile waterside frontage space on the Royal Docks and is expected to attract high quality tenants drawn by its strategic location and proximity to the City and Canary Wharf. The site has excellent transport links with two existing DLR stations (Custom House and Prince Street), London City Airport within 400 metres and dual carriageway access.

The Royal Business Park

The first phase of the Business Park, Building 1000, is now nearing completion. It is one of the first major office buildings in the Royal Docks, complementing the existing residential developments and the Excel exhibition centre. Subsequent phases will include retail and leisure as well as further additional office space. These developments are just some examples of the investment taking place to enhance the area and are major contributors to the regeneration plans. As outlined this influx of investment helps boost the local economy, creating employment and increased demand for skilled labour, housing, new hotels, leisure facilities, restaurants and bars. The University of East London’s new campus was officially opened by Ken Livingstone on the 4th of July 2000. It features accommodation for 400 students and facilities for 5,000 students studying design, technology, engineering, arts, humanities and social sciences. A key component of the University is the Thames Gateway Technology Centre – a one-stop training facility for new and existing companies in the East of London. The Centre provides business start-up space and advice, and a technology resource centre. As always a new university facility will bring prosperity and vibrancy to an area and the local economy.

Aerial View of the Royal Docks - the new UEL Campus is shown to the right of the near end of the Airport's Runway (left). The new UEL campus located on the north side of the Royal Albert Dock (right).

Transport

2

The Development

The development is conveniently located within a 12 minute walk of the Canary Wharf development and has all of the advantages of a city location with shops, restaurants and sporting facilities all a short stroll from the site. In addition to this, the area is served by the Limehouse Railway station (12 mins), Mile End Tube (14 mins) with access to all areas of London via the District, Hammersmith and City and Central tube lines and Westferry DLR (8 mins). Road links are excellent and not only does the area have several main road links directly to Canary Wharf and the centre of London but also to the site of the Olympics as well as out to the M25 and thus onwards to the rest of the UK. Bus routes are equally good with regular local services and a regular night bus. The development is only 5 km from City Airport and less than one hour of the other 4 major airports in the South-East: Stansted Airport 30 mins; Gatwick Airport 40 mins; Heathrow Airport 60 mins Crossrail The Crossrail project is a proposal for a new East-West railway running underground through central London. This project should reduce the current overcrowding on London's rail network by providing a large increase in rail capacity. The Crossrail project has the potential to transport over 150 million passengers per year. Crossrail has been allocated £154 million from the Department for Transport's 10-Year Plan budget to carry out feasibility work on the project and to acquire the necessary permission for Crossrail Lines 1 and 2.

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Artist’s impression of Crossrail carriage under the city

The proposed Crossrail initiative promotes the development of two new routes through London: Crossrail 1 (East-West) and Crossrail 2 (Northeast Southwest). Crossrail will enable commuters to traverse London with much shorter commute times. The Crossrail service would replace various National Rail suburban services in order to free up capacity at terminals like Victoria, Waterloo, King's Cross and Liverpool St. By 2012, Crossrail 1 is projected to serve Heathrow and potentially London City. Crossrail 2 could also serve Heathrow thus improving access to the airport from south London. There is also potential for Crossrail 2 to serve Stanstead. This would mean that all 4 major London airports would be served by cross-London services (Crossrail 1 & 2 and Thameslink 1000), enabling all transfers to take place with a maximum of one interchange. The link will either run from Hackney up the Lea Valley, or will use a new alignment from Epping past Harlow to reach the railway to Stanstead. Either option should spell increased benefits for Burdett Road residents. With the Crossrail network running through nearby Stratford (approx 5 km), predictions of 24 trains per hour will run on the central section, carrying up to 160,000 passengers an hour at peak times. Development is conveniently located adjacent to the Crossrail

Crossrail 1 Route

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River Crossings The Woolwich Rail Tunnel - In February 2004 the Government approved a Transport Works order for the further extension of the City Airport Extension of the Docklands Light Railway (now under construction) from North Woolwich to Woolwich Arsenal. A completion forecast is set for 2008. The Thames Gateway Bridge - A new local road bridge on the northern part of the alignment of the former ELRC. Scheduled to be complete by 2013.

Artist’s impression of what the Thames Gateway crossing will eventually look like

The Silvertown Link - A crossing between North Greenwich and Silvertown to relieve congestion in the Blackwall Tunnel. This scheme is currently in the process of assessment and consultation. If approved, Fish Island will benefit greatly as the A12 will be significantly relieved and thus attract greater inward investment due to improved ease of access.

Silvertown Link Crossing

The above mentioned river crossings will really help East London to transform itself by freeing up congestion on the A2 and Blackwall tunnel in the mornings and evenings. This will accelerate the key contributing factor for major blue chip relocations to the area because of proximity to the heart of the financial capital of the world and ease of access to motorways, rail, air and sea connections.

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Eurostar The new Eurostar terminal at Stratford is due to be open in 2007 creating a gateway to Europe with journey times of just 2hrs 20 minutes to Paris. A new domestic service from Kent will also serve the station, together with further expansion of the DLR to provide quick connections to City Airport, Stanstead and Heathrow.

Stratford Rail Terminal

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The Council UDP (Newham & Tower Hamlets) Aim and Objectives By 2010, Tower Hamlets aims to be an even more major business location, a place where people choose to live and work. Tower Hamlets and neighbouring Newham have thriving economies, young, skilled populations and clearly, some of the most extensive development opportunities in Europe. New infrastructure, new businesses and thousands of new homes have begun to transform the landscape. Situated adjacent to Canary Wharf and close to Stratford, the area of the development really offers the best of both worlds, with a constant flow of business relocation to Canary Wharf and the ever improving Thames Gateway business parks. The growing importance of Stratford as the East London transport epicentre offering the DLR/Jubilee and Central underground lines, bus networks and soon to be, Euro tunnel, residents in nearby Burdett Road (only 1 stop on the Central Line) will be offered a wealth of options. Regeneration plans for the area are at an advanced planning stage, with a great deal of public consultation currently being undertaken. The Olympics will only aid this process acting as a catalyst providing incentives and issuing stringent deadlines with a vision to build on the strength of Burdett Road’s excellent location. The council is expecting a huge population explosion with figures suggesting a 30 % rise over the next 10 years.

Population Projection

This phenomenal population growth should bring with it a real upward push on house prices and supply is expected to be well below demand over the next 10 years.

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Thames Gateway Analysis The Thames Gateway region (TGR) comprises of an additional eight local authorities: The Corporation of London, London Boroughs of Hackney, Havering, Lewisham, Redbridge, Dartford Borough Council and the Thurrock Borough Council. TGR boasts an economically active population of 1.3million, set to rise to 2million over the next ten years. Service industries include professional and financial services, creative industries and ancillary services, all of which are TGR’s top employers. Manufacturing and logistics also rank highly with both sectors having higher rates of employment in the TGR than in other parts of the capital. For example manufacturing accounts for 40% of employment in the London Riverside area and has an average employment rate of 11% outside of the TGR. Logistics account for 20% of employment with an even spread of density across the whole of the Thames Gateway London area reflecting a particular strength in both regional and international logistics. TGR accounts for nearly a third of London jobs. As a location it accounts for 22% of London’s businesses. The Thames Gateway’s population is expected to continue the growth that has been seen since the 1990s. Studies by local independent bodies predict the Thames Gateway to have one of the fastest growing populations in the London area with a projected 11% increase between 2001 and 2016.

Outline of the Thames Gateway District

Tower Hamlets, Newham, Barking, Dagenham and Greenwich are all amongst the 20 local authorities with highest levels of deprivation amongst their populations. This has led to great swathes of the Gateway suffering from high levels of unemployment and social deprivation. This is characterised by low levels of educational attainment, low activity rates and high unemployment. The problem of demographic and economic restructuring has also created major opportunities for spatial and economic restructuring both to serve the current residents, but also to accommodate wider development pressures within the South East.

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These are the main reasons developers are targeting these areas and the proximity to the new office and business centres will ensure a constant if not overwhelming flow of new owners and occupiers. By 2020 London Thames Gateway looks to become an extremely desirable location for living and working. Employers are drawn to advantages of a new and efficient transport system, a skilled workforce and an exciting innovative residential planning policy. At the current rate plans are well on track to bring this date forward by 4 years.

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The Games and the Lower Lea Valley The Lower Lea Valley is a 1500 acre site which stretches approximately 5kms between Stratford and the Thames. The area is the largest remaining regeneration opportunity in inner London. At the present time, much of the Lower Lea is derelict land and suffers from a lack of infrastructure, a run-down environment and a poor image. Most of the existing industry provides low density employment. The kind of regeneration of the area the London 2012 Games can bring will be crucial to transforming the area on an unprecedented scale. The Games will offer flagship sporting and community facilities, quality housing and improved infrastructure throughout the area. It should also raise the profile for the area with an Olympic caché. The Games will also bring many new opportunities for local people and businesses in terms of better grass-roots sports facilities, more housing, jobs, skills and training. The London 2012 Olympic and Paralympics Games will speed up improvements to the borough's transport connections with improved access to London destinations. While Stratford is already a major transport hub, the London 2012 Games will accelerate upgrades to Stratford station. The Channel Tunnel Rail Link (CTRL) station in Stratford will be in operation by 2007 and will be a critical transport artery for visitors to the Games. The impact of the UK/London hosting the Olympics

London's successful bid to host the 2012 Olympic Games should help boost property prices across the capital with the immediate areas rising in value dramatically, according to the Royal Institute of Chartered Surveyors. The Olympics provide certainty that crucial transport projects in the East end will be built to a fixed timetable and will undoubtedly attract property speculators and investors. The regeneration of the Thames estuary and the Lea Valley development schemes were always earmarked and before the winning bid, east end house prices were rising well above the UK average. The successful bid has served to focus more investor attention on an already hot market and demand for buy to let properties in the area have risen dramatically leading to a noticeable increase in prices. The area around the development is already an established residential area that won’t have the disruption that will hit Stratford. Thus, Burdett Road offers a unique opportunity to investors with its prime location in an established residential market. The regeneration effect from hosting an Olympic games has consistently had a positive impact on house prices in the host city. Each of the previous four host cities have seen house prices rise by more than the national average over the five year period in the run-up to the Olympic Games (the main period of Olympic related development activity).

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Olympic Games

5 year % increase on host city

5 year % increase on host nation

% Difference

Barcelona 1992

131%

83%

49%

Atlanta 1996

19%

13%

6%

Sydney 2000

50%

39%

11%

Athens 2004

62%

53%

9%

Average

65%

47%

18%

The data above shows Barcelona as the best performer with prices rising by 131% versus an 83% increase in Spanish house prices in the five years leading up to the 1992 Olympics.

Key Findings

Hosting an Olympics is usually associated not only with an increase in sporting facilities but also an upgrade of transport, cultural and leisure facilities. Barcelona, Athens and Sydney all saw a significant upgrading of their urban infrastructure and this city rejuvenation encourages higher house prices. The scale of Olympic redevelopment is reflected in the high costs associated with hosting an Olympics. The Barcelona Olympics was the most costly of the recent Games at an estimated cost £8.1bn. The estimated costs for other Olympics were for Atlanta £1.5bn, Sydney £2.5bn and Athens £3.9bn. Tim Crawford, Group Economist at Halifax states that, "Hosting an Olympic games encourages city regeneration and is usually accompanied by an improvement in facilities and transport links." "These factors tend to be positive for house prices. Homeowners in Hackney, Tower Hamlets and Stratford, will certainly reap similar benefits to other Olympic precincts over the longer term," he maintained. Areas close to the Olympic complex usually see the largest increase in house prices as they benefit from improved facilities and better transport links. This was clearly evident in the main area of development for the Sydney Olympics, (Homebush Bay) a former industrial site (similar to fish island) 20 minutes from the centre of Sydney. House prices in the adjacent suburb, Homebush, rose 70% in the five years in the run-up to the Olympics, compared to a 50% increase in Sydney house prices. The Manchester Commonwealth Games prompted redevelopment and rejuvenation of central Manchester and provided a spur to house prices in the area. In the 5 years leading up to the 2002 Commonwealth Games house prices in central Manchester rose by 102% versus a 52% rise in prices in the North West and an 83% increase in prices across the UK. Five years before the Manchester Commonwealth Games, house prices in central Manchester were an average of £48,796, 23% below the average for the North West region. At the end of the Games year, prices in central Manchester were at a £98,461 level, 2.5% higher than the North West region average of £96,048. Evidence suggests that the close proximity of Fish Island to the proposed Olympic area will have a positive impact on housing prices in the area, thus making it an attractive proposition for investors. 11

March 2006, East Londoner Newspaper – Jonathan Nash of Your Move said “When areas have got new transport links we have seen rises of up to 45 per cent in house prices within six months”

Legacy The real strength of the London 2012 Olympic Games and Paralympic Games is that once they have come and gone, much of its benefits for the local area will live on. The Council has estimated the long-term net benefit from hosting the Games in East London to be in excess of £8.6 billion - calculated from the economic gain from better sport and community facilities, jobs, new housing, improved infrastructure and physical connections through the area.

419 Wick Lane

Computer image of what the Lower Lea catchment area will look like by 2012

Jobs, skills and business opportunities The Games will create tens of thousands of jobs and employment opportunities before, during and after in varying capacities from landscapers, cleaners and transport workers to engineers, accountants and architects. They also present a massive opportunity for companies of every size in London and across the whole of the UK and varying industries including professional services, tourism, hospitality, media, leisure, transport, retail, food and the creative and cultural sectors.

Better transport The London 2012 Olympic and Paralympic Games will speed up improvements to the borough's transport connections. Stratford is already a major transport hub with the Channel 12

Tunnel Rail Link (CTRL) station in Stratford scheduled for completion in 2007. It will prove a critical transport artery for visitors to the Games. The Games will also be served by ten separate railway lines with a combined capacity of 240,000 passengers per hour. This will include the 'Olympic Javelin' shuttle service along the CTRL which will deliver 25,000 visitors per hour to Stratford, just 7 minutes after leaving St Pancras. Jubilee Line services in the area are set to be enhanced by 45% within the next 5 years, as well as this the go-ahead has now been given for the East London line extension The Docklands Light Railway (DLR) is set to play an enhanced role too. Much of the London 2012 Games' transport improvements will be dovetailed with the existing regeneration framework, including the Stratford City development. This is already on track for completion in 2007 on the rail lands above the station - comprising 4,500 new homes, nearly half a million square metres of commercial floor space, hotels, schools and a shopping centre to rival any in the country. The Channel Tunnel Rail Link, also opening in 2007, will soon be offering a direct rail link to Paris and the continent via the Channel Tunnel.

Better sporting facilities Every venue has been developed for the London 2012 Games with a long-term business plan and a firm commitment from partners to make it work. Specifically, in Newham, the Games will leave a legacy of: •

A 25,000 seater multi-purpose sports stadium;

•

A state-of-the-art Olympic aquatic centre with 50m pool and support facilities at Carpenters Road (five minute walk from the site)

•

A world class hockey centre which will be used by the community after the Games.

Other permanent sports facilities such as the velodrome, BMX Centre and indoor sports arena will be right on our doorstep and open to the community creating a critical mass of worldclass sporting venues in the Lower Lea Valley.

Better infrastructure The Games will help to improve the lives of local residents bringing about important improvements to the boroughs' infrastructure including: •

new schools, family health services and other community facilities will also be built

•

a major new park - potentially one of the largest in Europe - running from the north of the Lea Valley right down to the Thames;

•

dramatically improved access to green space for pedestrians and cyclists with numerous direct access points to the new park;

•

better physical connections between communities, through new land and canal bridges;

•

a lasting creative legacy - the 150,000 sq metre media and broadcast centre would make the borough a new focus for the capital's creative sector industries; 13

•

new business and workspace units with convenient access to the M11 link road;

•

new waterside workspace developments north of Pudding Mill Lane;

•

vastly improved connections for people crossing the borough east to west; and

•

Post-Games workspace potential on the West Ham temporary parking site.

Cultural boost As the most culturally diverse community in Britain, ‘The Games' theme of diversity will be used in the Borough to promote social cohesion via a sustained cultural programme of festivals and celebrations. And there is a lasting legacy - the 150,000 square metre media and broadcast centre to be built for the Games will make the borough a new focus for the capital's creative sector industries.

Improved health Beyond the physical legacy, there is also the opportunity to motivate and engage people in sport and physical activity - in an area with a poor health record - and to radically improve the image and perceptions of the borough. As the most culturally diverse community in Britain, the borough supports the London 2012 theme of diversity and will use this to promote social cohesion via a sustained cultural programme of festivals and celebrations. Already, during the bid process, Newham has noticed an increase in sports participation (64,000 people participated in sports taster sessions during the Summer of Olympic Sport last year) while crime rates have reduced significantly.

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Non-Olympic Regeneration/ East London regeneration As mentioned, even before the successful bid, plans were at an advanced stage for large-scale regeneration of the Fish Island area and Lower-lea valley. Following is a report on future plans for the area and the East end in general. Analysts agree that there has been a shift in recent years towards investment in the East of London. Fundamental to the plans is the significant attention paid to the Thames Gateway initiative (mentioned previously). Already, the financial heart of the city has started to migrate eastwards towards Canary Wharf, bringing with it a significant demand for housing and leisure facilities throughout the East. In fact the government has explicitly stated that their priority is to shift prosperity from west to east. Ken Livingstone has identified East London as “a major engine for growth, not just in London, or the UK but in Europe as a whole.” The vision is to establish the area as a major focus of inward investment and companies competing across a global market in a wide range of sectors. The area will offer a high quality environment and sustainable, vibrant and inclusive communities. The foundation for this regeneration will be on investment in infrastructure (already identified and planned for by the government). By 2010 the area will be significantly transformed (e.g. Thames Gateway Bridge), together with significant investment in the public transport network to truly augment this drive eastwards.

Burdett Road

Planned Thames Gateway Regeneration zones PROPOSED THAMES GATEWAY REGENERATION AREA

Burdett Road and its close vicinity At a local level, Burdett Road is set to benefit from the multitude of regeneration plans proposed by the neighbouring councils in the area, the Lower Lea Valley regeneration scheme and the Stratford City Development.

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Stratford City Development Stratford city is a new 180-acre site on the former Stratford Rail Lands around Stratford International Station - part of the Channel Tunnel Rail Link project. The development was granted planning permission by the council in September 2004 and was approved by the Mayor of London and the Government Office for London in October 2004. Construction is due to start in late 2006, with the first phase of the development due for completion in late 2009. The entire development is scheduled to be complete by 2020. .

Stratford City will transform the area drastically, providing 13.5 million square ft of mixed-use development including: •

5 million square feet of commercial development including landmark buildings

•

1.5 million square feet of new shopping, leisure and social facilities. The retail element will comprise 100+ retail units with several high profile anchor department stores.

•

4,500 new homes. 30% of homes will be affordable (shared ownership, key worker and social rented)

•

2,000 new hotel rooms

•

A new 900 pupil secondary school, and a primary school for up to four forms of entry

•

A primary health care centre and an NHS walk-in centre

•

An estimated 29,000-34,000 new, full time jobs (up to 25,000 in financial and business services, 6,000 in retail and 3,000 in leisure, entertainment and hospitality) will be created.

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Canary Wharf Just 12 minutes walk away lies Canary Wharf. It is emerging as one of the most important financial centres in the world and has been a major factor in the regeneration of London’s East End. With this shift away from The City towards the East, there has been huge demand for housing all over the area. Workers in Canary wharf generally earn attractive salaries and are actively searching for suitable areas in which to live and invest. Burdett Road is very close by and offers a stress-free commute (12 mins walk), making it a favourable location for many interested Canary Wharf-based workers.

Canary Wharf is planned on a grand scale, yet with meticulous attention to detail. The estate extends to over 86 acres and dominates the Eastern skyline for miles around. Within the area: •

6 million sq ft already constructed with 8.1 million sq ft under construction

•

At present, 95 % of space occupied

•

63,000 people currently employed

•

It has world class office blocks, retail centre, conference and banqueting centres, shopping centres, cinemas, bars and restaurants

•

Extensive bus, ferry and underground service, with a highly modern station.

Construction in Canary Wharf is still ongoing with many new developments planned or in progress. Thousands more jobs are expected in the area, giving rise to increased demands for property in the locale. Many high profile companies have chosen to relocate operations to Canary wharf or to expand their existing base in the area.

•

Reuters: Is relocating their Head quarters to Canary Wharf. They are to pre let 283,000 square foot at 30, South Colonnade

•

BP: Setting up its trading department here with a lease of approximately 215,000 square foot at 20 Canada Square

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The future of Canary Wharf:

It is estimated that a further 65,000 jobs will be created by the time construction has finished in Canary Wharf. This new workforce will certainly stimulate the economy throughout the area ensuring that quality properties will be sought after in locations close to Canary Wharf. Examples of future developments in Canary Wharf include:

•

15 Canada square, Skidmore, Owings and Merrill- 537,000 square foot

•

2 further buildings adjacent to each other, 10 and 20 Churchill place accommodating up to 750,000 square foot in a complex of two or three 10-12 storey buildings.

•

On the former Barclays Bank site, Columbus tower, an 80-story, 786-foot skyscraper with 1million square foot of mixed-use office and hotel space. To be completed by end of 2007.

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The Developer London Green Developments Ltd is a vertically integrated property developer. Since its incorporation in 1998, the company has followed a simple philosophy of investing only when value can be added at each stage of the development process from site evaluation through design, planning, in house construction and marketing. London Green’s belief is that successful sales must originate from well chosen site acquisitions enabling the final product to be sold at a price that is both competitive in the market place and offers good value to end users. London Green values and promotes good, innovative styling where attention to detail throughout the design, planning and construction phases are also essential. In recent years London Green has principally been involved in converting listed Victorian school buildings into attractive loft apartments and constructing new build live work units offering large spacious living at very affordable prices. Currently London Green Developments is involved in sites with units sales totalling £345m.

Examples of previous Developments

Ironworks, E3

With 71 units spread over 8 floors, the building is situated on ‘Fish Island’, drawing inspiration from the site’s industrial heritage. It features steel cladding to create a signature landmark. Many units also feature a private balcony with direct views of the water or Greenway, and all have access to a secure courtyard for private parking.

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Camden Studios, NW1

This development was completed in 2005. The top two floors (6th/7th) boast 1800 square foot two beds with breathtaking views of London. All apartments have been finished to a very high specification and the units proved to be very popular with investors and owner/occupiers, selling very quickly.

Noko, W10

Recently completed, built with a unique quadrangle design over four floors. All 77 units overlook a beautifully landscaped central courtyard. It has secure underground car parking; attractive wooden exterior decking and exceptional open plan units all finished to a consistently high specification.

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Appendix A - Published in June 2005 by the Land Registry. It shows house prices in all the London Boroughs, including Tower Hamlets (the borough for Burdett Road), Hackney (the borough of close-by Hackney Wick) and Newham (the borough for Stratford). Flat/Maisonette

Overall

Region/Area Av Price £ Sales Av Price £ Sales BARKING AND DAGENHAM 134445 129 165620 511 BARNET 208274 426 315630 917 BEXLEY 130519 157 191177 669 BRENT 191408 349 252429 635 BROMLEY 189780 389 253736 1025 CAMDEN 316559 510 443135 626 CITY CITY OF WESTMINSTE R CROYDON EALING ENFIELD GREENWICH HACKNEY HAMMERSMI TH AND FULHAM HARINGEY HARROW HAVERING HILLINGDON HOUNSLOW ISLINGTON KENSINGTON AND CHELSEA KINGSTON UPON THAMES LAMBETH LEWISHAM MERTON NEWHAM REDBRIDGE RICHMOND UPON THAMES SOUTHWARK

315479

49

315479

49

467228 158384 190219 162711 194554 199479

715 403 326 350 349 287

576237 222321 272648 231655 216465 243979

854 1086 818 888 788 428

281808 197223 199223 148837 163416 198827 266388

357 348 213 145 215 269 348

388468 274082 273882 224814 233940 245111 330001

548 646 566 702 735 624 448

526237

562

742191

714

203813 209700 158070 195454 179904 174941

233 617 442 261 253 317

276007 248021 193054 307257 196295 235767

536 863 789 647 667 832

249150 234038

281 537

385968 265512

710 749

SUTTON TOWER HAMLETS WALTHAM FOREST Wandsworth

162177

260

214921

632

258538

695

265561

801

149621 270557

269 769

197823 344850

685 1149 21

Appendix B: Comparison Apartment Prices for Burdett Road Area Unit Type

Size

1 Bed

475

1 Bed

502

1 Bed

520

1 Bed

485

1 Bed

490

1 Bed

479

1 Bed

504

1 Bed

473

1 Bed

520

1 Bed

480

1 Bed

475

1 Bed

496

1 Bed

433

1 Bed

485

1 Bed

515

1 Bed

485

1 Bed

479

2 bed

814

2 Bed

814

2 Bed

819

Price 197, 750 198, 000 199, 000 199, 950 199, 950 200, 000 204, 999 209, 950 209, 950 209, 950 209, 950 209, 999 210, 000 215, 000 224, 950 225, 000 230, 000 285, 000 310, 000 315, 000

£psf 416

Development

Developer

Abbotts Wharf

WebLink http://www.findaproperty.com/agent.aspx?agentid=3951&opt=prop&pid=125756

394

http://www.findaproperty.com/agent.aspx?agentid=3791&opt=prop&pid=294323

383

http://www.findaproperty.com/agent.aspx?agentid=5177&opt=prop&pid=342031

412

http://www.findaproperty.com/agent.aspx?agentid=6507&opt=prop&pid=349976

408

http://www.findaproperty.com/agent.aspx?agentid=6601&opt=prop&pid=29648

418

http://www.findaproperty.com/agent.aspx?agentid=6705&pid=221213&opt=map

407

http://www.findaproperty.com/agent.aspx?agentid=4194&opt=prop&pid=4915

444

Abbotts Wharf

404

http://www.findaproperty.com/agent.aspx?agentid=5137&opt=prop&pid=517215

Telford

437

http://www.findaproperty.com/agent.aspx?agentid=3034&opt=prop&pid=265183 http://www.findaproperty.com/agent.aspx?agentid=3511&opt=prop&pid=279234

442

Stainsby Road

Telford

423

Fusion

http://www.findaproperty.com/agent.aspx?agentid=4194&opt=prop&pid=88969

485

253-257 Westferry Road

http://www.findaproperty.com/agent.aspx?agentid=0995&opt=prop&pid=291732

443

Abbotts Wharf

437

Falcon Way

464

Tequila Wharf

Telford

http://www.findaproperty.com/agent.aspx?agentid=4106&opt=prop&pid=534495

480

Virginia Wharf

Barratt

http://www.findaproperty.com/agent.aspx?agentid=7786&opt=prop&pid=532757&photo=2#photo

350

Tequila Wharf

Telford

http://www.findaproperty.com/agent.aspx?agentid=1626&opt=prop&pid=170114

381

Tequila Wharf

Telford

http://www.rightmove.co.uk/new-homes-in--limehouse--east-london.rsp

385

Tequila Wharf

Telford

http://www.homesandproperty.co.uk/agent.aspx?agentid=4022&opt=prop&pid=340930

Telford

http://www.findaproperty.com/agent.aspx?agentid=3034&opt=prop&pid=259237

http://www.findaproperty.com/agent.aspx?agentid=5837&opt=prop&pid=416533 http://www.findaproperty.com/agent.aspx?agentid=6601&opt=prop&pid=453059

2 Bed

752

2 Bed

746

285, 000 280, 000

379

Abbotts Wharf

Telford

http://www.homesandproperty.co.uk/agent.aspx?agentid=4016&opt=prop&pid=278830

375

Virginia Quays

Barratts

http://www.findaproperty.com/agent.aspx?agentid=5837&opt=prop&pid=430667

2