What’s Walthamstow got? It’s got the lot! Especially for young professionals and families who like the combination of city buzz and village life in this sought after E17 postcode.
With fast tube trains to Oxford Circus and over ground trains to Liverpool Street just 17 minutes from Walthamstow Central, it’s perfect for commuters, yet without the suburban soullessness you might expect of Greater London.
Walthamstow Village, the older part of town, is a place of great charm and character. It has a bustling street market – reputedly the longest in Europe – and it even has a listed eel, pie and mash shop, which has been serving its traditional fare since 1929!
Then too, you’re on the edge of open country, just a stone’s throw from Epping Forest. And there are no fewer than ten reservoirs to the west of the town centre, now being transferred into a wetland centre that’s perfect for walks, picnics and family days out.
So, what’s not to like? Well the desirability of the area is reflected in the property prices, which are respectable – and rising rapidly. Typical property prices at the time of writing are between £300,000 and £350,000 for a one or two bedroom flat; between £450,000 and £500,000 for two or three bedroom house, and between £600,000 and £800,000 for a four bedroom house.
Even for established residents this is not altogether good news, especially those with growing families, or looking to move up the property ladder. There’s also the fact that the housing stock – mainly Victorian and Edwardian terraced houses – is limited.
For those who are squeezed for space and strapped for cash but don’t want to abandon their beloved Walthamstow, there is, however, an inexpensive alternative: the option of converting their loft or extending their home.
Or local home owners with an eye to the main chance can take advantage of the demand for local property by converting their house to flats (many Walthamstow town houses have been transformed in this way) and selling them on or becoming a live in landlord (see our November 19th blog on Converting to Sell or Let).
But whether you see your Walthamstow property as an extendable family home or potential business asset, we at Herts & Essex Lofts are well placed to help you realise your plans. We have converted and extended many Walthamstow properties, especially Victorian and Edwardian terraces, where we’ve not only opened up redundant attics or yard areas, but renovated and refurbished properties from top to bottom.
We’re also pleased to advise convert-to-let or convert-to-sell householders on the type of amenities and improvements that make properties attractive to potential tenants and buyers.