Pay £200-£300 less per sq ft by travelling east
Laura Enfield talks Newham’s benefits with Madison Brook branch manager Adam Hoskins
If you have ever sunk into the sofa, wine in hand, ready to relax and found your eyes bombarded by a view of your office, immediately plunging your mind into workplace worries it could be time for a move.
Madison Brook Docklands branch manager Adam Hoskins says those seeking a change should look to Newham, which offers calming parkland and a lot more for your money.
“It is only five minutes down the road and much quieter than Canary Wharf but there is still a lot to do,” he said.
“There is Westfield Stratford City for shopping, the Excel centre has a constant stream of stuff going on and the Queen Elizabeth Olympic Park is definitely an attraction for people.
“Newham also has a lot more to offer in regards to green spaces like Thames Barrier Park, which is lovely in the summer.”
There is also a big difference in prices compared to the financial district.
“The distance between the two is nothing but you will pay £200-£300 less per sq ft in Newham so, to me, it makes sense to look there.
“There are more families there than in Canary Wharf but we are also seeing more young professionals moving out there.
“There aren’t so many places to go out for the younger generation yet, like bars and things, but you are not a million miles away from places like that. You get the benefits of living in Canary Wharf but it feels like a completely different place.”
Adam said the area was also developing with new schools and supermarkets being built.
He said while there was less property available to buy in Newham and it was easier to find a home with character with the ratio of flats to houses is split 60-40 and one-bedroom flats starting at about £300,000.
“There are smaller, niche places but people like that because they don’t want a building that has millions of flats all the same as theirs.”
Got it going on: There’s always something happening at Excel, left, according to Adam Hoskins