Abbey Wood a hot spot???

jayss

Are there any cold spots in london right now?
I guess they just pick somewhere different each column and there are less and less places with properties in the lower price ranges.

Metranil_Vavin

jayss wrote: »

Are there any cold spots in london right now?
I guess they just pick somewhere different each column and there are less and less places with properties in the lower price ranges.

This is true. I've noticed a lot of 'untapped, secret possible London property hotspots' articles in papers like Metro and The Guardian recently.

It seems these 'secret' spots are not destined to be so for very long, which can be quite annoying and frustrating particularly if you are being priced out of your own area as these spots become more popular.

I think anywhere in London right now is a potential hotspot. It's just up to you if you want to live in a horrible-for-now bit in the hope in a few years it will gentrify.

Kynthia

Honestly, North and Central Thamesmead are nothing like the concrete, highrise, Clockwork Orange original Thamesmead Central. I'm not saying they are the most lovely places to live that challenge Blackheath in any way. They are however, decent places with lots of buses, schools, shops and river views for very good prices/value for zone 4. Most of it is less than 10-15 years old. You can also easily commute to London by getting a bus to Abbey Wood station (trains to London Bridge, Cannon St and Charing Cross), bus to Woolwich for the DLR and a bus to North Greenwich Station (Jubilee Line).


http://www.rightmove.co.uk/property-for-sale/property-29028456.html


http://www.rightmove.co.uk/property-for-sale/property-42381988.html?premiumA=true


Abbey Wood really isn't nice at all, but Woolwich was somewhere to avoid until a few years ago. Now it's a mixture of very nice and not nice due to the investment, new transport links and affluent commuters moving in, and in a few years it will be unrecognisable. Therefore there's a good chance this will start to happen in Abbey Wood too, although perhaps not to the same extent as it's not on the river and doesn't have the DLR.

benjus

As bouicca21 said earlier, I'd assume it's all because it will be the terminus of Crossrail. A fast, direct link to central London, the City, Canary Wharf and Heathrow could change things quite a lot.

I agree it's not an attractive area, and it doesn't seem to have much (if anything) in the way of good Victorian or earlier housing stock, but transport links are very important in the London market.

I'm looking to buy in SE London at the moment and I've been looking at Abbey Wood for a couple of months for this very reason, but I've yet to see anything come on the market that I'd actually like to live in.

bouicca21

The interesting thing will be to see if there is a knock on effect to places within reach of the crossrail terminus, such as Belvedere or Barnehurst. Though clearly ideas about what constitutes a good area vary enormously. I never thought I'd hear Thamesmead described as nice. Beyond the concrete jungle there is a lot of non concrete housing, but I always feel that Pete Seeger is singing Little Boxes in the background.

Running_Horse

cattie wrote: »

Ex council concrete prison, that's the reason why it's so cheap!

One of the few places I have visited and felt scared. A weird series of blind alleys with disembodied voices from different directions. The architect should be shot, or forced to live there.

vivster

Kynthia wrote: »

Woolwich was somewhere to avoid until a few years ago. Now it's a mixture of very nice and not nice due to the investment, new transport links and affluent commuters moving in, and in a few years it will be unrecognisable. Therefore there's a good chance this will start to happen in Abbey Wood too, although perhaps not to the same extent as it's not on the river and doesn't have the DLR.

I dunno. There's obviously a lot of money pouring into the Arsenal development, but draw a curve from half a mile west of the station, south to half a mile east and it's all pretty unlovely, and I don't see that changing any time soon as the housing stock isn't of the right type to attract the gentrifiers: blocks of council flats and low-rise modern council housing and a few streets of pokey and badly neglected older terraced housing. But get up the hill and past that and it all changes in the twinkling of an eye.

dave_howard_2

Hi All
Seems like the article is RIGHT!
I live in Abbey Wood and have noticed a significant rise in prices of properties.
I live in a ground floor 3 bed maisonette with an 80ft garden and conservatory. I bought through right to buy for £52,300 as the council gave me a discount of £102,700. Obviously it was valued at £155,00. This was last August 2014. Only last week (Sept 2015) my neighbour who lives upstairs sold his 3 bed maisonette for £230,000. My property must be worth more but i've not had it valued. So this is a significant increase and crossrail is'nt completed yet. The brand new Sainsburys has and the hotel 'Abbey Towers' is nearing completion. (must admit i find quite laughable).
So hopefully i can sell up in 4 years and move out of London.

dave_howard_2

http://m.zoopla.co.uk/for-sale/details/37052157

fashionvictim

scabby wood?

I think anywhere within 40 miles of London is a hot spot, EVERYTHING is getting so expensive.

I thought looking further out would be cheaper but further out from London literally is pretty far and not that much more for your money. Have to go for Medway towns/ Surrey garrison towns or parts of essex still seems reasonable value and pretty.