Location, location & location
The location is fantastic, a one-minute walk to Stratford Central and opposite Westfield London Shopping centre, one of the largest shopping centres in Europe.
As far as proximity to major transport links are concerned, you can't get a better location than this very prime plot. And, Stratford will get Crossrail in 2018!
Transport Links @ Stratford
Stratford is a large railway station in East London (Borough of Newham, Zone 3). It is busy, and will get more busy once Crossrail is open. The Underground Station served 50 million passengers in 2012 (ok, that was the year London hosted the Olympics). We go back to 2010 and Stratford served 30 million. That is a huge number, even by London's standards. And that is just the Tube. The DLR (yes DLR comes to Straford!) served about 7 million passengers a year and National Rail more than 25 million.
Developer
The developer is Telford Homes, well-known UK builders which focus in London. They have recently won two awards - "Medium Housebuilder of the Year" and "Best Design 2013". We have bought from Telford Homes before. Our Brickmakers apartments were developed by them. See our blog post here.
Pricing - circa 600 - 700 psf
The development will be launched on 24th April 2014!
I have just sighted the price list. This place is hot. Many units already have expressions of interest. The pricing is circa 600psf. A typical two-bed is going for GBP 550K+. Definitely very aggressive pricing for Stratford.
Sales Agent - JLL
We understand that Telford Homes have appointed JLL to be this project's sole marketing agent. When I contacted Telford Homes directly, they have told me to direct all enquires to JLL.
We have bought through JLL before and the agent we worked with is
Suzanna Lee - Suzanna.Lee@ap.jll.com
HP: 96873413
Let me state upfront that we are not affiliated to JLL in any way. Just stating the contact of an agent whom we have worked with and given us good service. She is knowledgeable with regard to the London market. Of course, you can always approach any other JLL sales rep too.
Project Selling Well
As expected, the project is selling very well. I received some questions from various readers and I have tried to answer them in this new blog post here.
Happy Investing!
Important Disclaimer - . The views contained in this blog and blog post are entirely mine. We cannot be made responsible for any investment decisions you may, or may not, take. Nothing in this blog can be construed as professional investment advice, as we are NOT professional investors and we are ill qualified to give you any advice. Read the blog at YOUR own risk
I think prices had risen ridiculously over the past year. Not surprised that this project would be 800 psf. It is very prime with Westfield and the inter rail exchange. Will give a run for money compared to Canary Wharf.
ReplyDeleteBy the way, tatest in the news, Battersea phase 2 had been finalised at GBP 2300 psf. I dunno what to say...!!
Developer will price as high as they think the market can bear. Let's see....
DeletePrice list is out. 600 to 700 psf.
DeleteAdvertised starting from GBP 285,000 for a studio.
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