Rat and Mouse
Borough of Newham
Thu
25
Jun

An interesting piece in Homes & Property points to Plaistow as one of London’s last property gambles… a neighbourhood on the very edge of east London regeneration with excellent schools and interesting shared-ownership buyer opportunities. The question for early investors is whether the London property boom will continue long enough for regeneration funds to reach E13. More here.

20150625plaistow

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Wed
13
May

Property Industry Eye has some interesting data regarding prosecutions of landlords and letting agents across the last financial year. There were 580 in London, with Newham alone accounting for 359. That’s more than a prosecution a day for a variety of offences including failure to comply to improvement notices, prohibition orders and regulations regarding HMOs. More here.

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Thu
05
Jun

According to research by the Future Foundation, single women looking to become less single should move to London, specifically the City and Newham where men outnumber women 1.55 to 1 and 1.26 to 1 respectively. If you’re a single man, London still holds promise, but the FF suggests you focus your nights out in Enfield and Wandsworth. More here.

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Wed
12
Jun

This time…Location: Forest Gate. Owner: Pelling. Complainant: Hodgson. Height 22ft. Rat and Mouse summary: spectacular. More here.

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Thu
16
May

The developers have formed a new company specifically to manage the transition from athlete quarters to Olympic legacy rentals, and it's called Get Living London (ew, really?). According the website, there are up to three-year rental agreements (a good idea, in our opinion, although check those break clauses in the event of spiralling rents in the area), and the first 370 homes will be ready for residents by August and September. More here.

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Thu
10
May

Converted sheds have become an increasingly mainstream – if illegal – part of the London property market. It's a logical development, given the explosion of property prices throughout the capital, and the huge shortage of supply. As central London becomes more expensive, people are pushed further out and rental prices even in Newham, which is the second most deprived borough in England and Wales, are rising fast.

Specifically, the story of a healthcare assistant's £350 month shed - no hot water, a garden used as a toilet. 

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Tue
24
Apr

Following Housing Minister Grant Shapps' claims on Radio 4's Today programme this morning that there were more than a thousand affordable properties available in the private rented sector within a five mile radius of Newham (he'd apparently used Rightmove), the story has become an argument as to whether this is a tip-of-the-iceberg situation or a deliberately political move by a London council ahead of important local elections.

The most interesting coverage has been online at the Guardian. Blogging, Polly Curtis takes a closer look at Shapps' Rightmove research and calls into questions how many properties are actually available to social tenants (polls of landlords have shown that less than half are prepared to rent to benefits claimants).

Her blog also benefits from a long and fascinating email from a Newham resident on the receiving end of benefits cuts:

We are still waiting to be rehoused- my father has tried ringing local estate agents to find private housing but they all refused to take people with housing benefits. Although Newham council are trying to help we are not considered a priority as my father's youngest child is 17 so our situation is not considered as urgent as others. I believe sometime in the next couple of months we are due to be evicted from our current flat with no idea of where we will end up.

A link to watch as it develops through today.

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The BBC has revealed evidence suggesting Newham Council has reached out to a Stoke-on-Trent housing association for help re-housing as many as 500 families no longer able to afford to live in the area after new housing benefit caps came into force. (Stoke is approximately a 170 mile road trip from Newham.) The Government had denied the policy would lead to widespread social cleansing, but the leaked communication with the Stoke housing association appears to suggest otherwise, and pressure groups are sure to interpret it as a sign of things to come. More here.

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Wed
04
Apr

Estate agents say the £1billion-a-year shopping mall, where stores include Prada, Gucci and Louis Vuitton, has transformed the image of an area where the best-known location was once Oil Drum Lane, the base of TV rag and bone men Steptoe and Son.

Yeah. That and the BBC.

W12 saw some of the fastest rising asking prices in London last year, up 11.6 per cent to £545 per sq ft.

The rate of increase puts it not far behind Kensington W8 and Chelsea SW3. Research by Hamptons International shows that the biggest increase in asking prices came in W8, where they went up 14.8 per cent from £1,249 per sq ft to £1,467.

London  Google Maps

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Thu
01
Mar

Blocks of public housing projects, known as council estates, are bisected by business streets lined with discount liquor stores, betting shops and fast-food outlets. Residents say improvements in Stratford are making it worse for the other parts of Newham by drawing people away.

An interesting piece in Bloomberg highlights Newham's poor property performance in spite of generally positive house price movements in London and particularly high hopes for the Olympic region. The west of Newham is more likely to benefit, according to a local agent, but poor facilities need to be improved in central and eastern areas (West Ham, Plaistow) if demand is to rise.

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