So should I buy in Stratford ??
Discussion
Mmmm...
Some sort of contracting business , subbing the work to jobbing builders and overcharging by a huge margin should fit the bill ! The inevitable panic to get it done in time ought to be allow people to name their price !
I definitely sense the opportunity to fleece the public purse ! Think I'll form a cunning plan....
toppstuff said:
Mmmm...
Some sort of contracting business , subbing the work to jobbing builders and overcharging by a huge margin should fit the bill ! The inevitable panic to get it done in time ought to be allow people to name their price !
I definitely sense the opportunity to fleece the public purse ! Think I'll form a cunning plan....
Well, I don't think I am gonna sell my place in East India..... Could be major property price increases!! Yay!!
Should you buy? Depends...
I'm in a group that bought 6 2 bed flats in Stratford nearly 2 years ago. It was a bit of a punt, but the gamble was that if (a) London won the bid then (b) there will be a significant upturn in the influx of construction workers. For a period of time (currently looking at 18 months before opening ceremony) there *should* be significant relatively short-term demand, which *should* bump up rental income. Then demand *should* drop off but by then all expenditure will have been closed off so whatever the flats sell for is profit. Current rents come to about 15% over costs, so it's not so bad anyway. I fully expect there to be a bit of a spike in valuations over the next few days, but that'll be a blip. When all is said and done, the area is going to be a building site for a long time.
Having said all that, if the area remains a shithole, despite all the planned investment, we may be lumbered with a set of (artificially) over-priced property, in an area that no-one wants to move to.
I'm in a group that bought 6 2 bed flats in Stratford nearly 2 years ago. It was a bit of a punt, but the gamble was that if (a) London won the bid then (b) there will be a significant upturn in the influx of construction workers. For a period of time (currently looking at 18 months before opening ceremony) there *should* be significant relatively short-term demand, which *should* bump up rental income. Then demand *should* drop off but by then all expenditure will have been closed off so whatever the flats sell for is profit. Current rents come to about 15% over costs, so it's not so bad anyway. I fully expect there to be a bit of a spike in valuations over the next few days, but that'll be a blip. When all is said and done, the area is going to be a building site for a long time.
Having said all that, if the area remains a shithole, despite all the planned investment, we may be lumbered with a set of (artificially) over-priced property, in an area that no-one wants to move to.
BliarOut said:
Well, I don't think I am gonna sell my place in East India..... Could be major property price increases!! Yay!!
Just think of all the short term letting opportunities
I know, I have practically chafed all the skin from my hands from rubbing them together, in a creepy, evil Mr Burns way......
968 said:
Mmmm...
Some sort of contracting business , subbing the work to jobbing builders and overcharging by a huge margin should fit the bill ! The inevitable panic to get it done in time ought to be allow people to name their price !
I definitely sense the opportunity to fleece the public purse ! Think I'll form a cunning plan....
Well, I don't think I am gonna sell my place in East India..... Could be major property price increases!! Yay!!
"Your place???"
its mine too. Get your dirty hairy paws off it.
And why arent you working???you ve been posting all morning??
peterpeter said:
"Your place???"
its mine too. Get your dirty hairy paws off it.
And why arent you working???you ve been posting all morning??
Decency prevents me from posting an accurate response, but I think it rhymes with cluck off.
I am doing my 'research' so therefore am online, and unfortunately whilst each page of my project downloads, I dip into PH.......
Stratford hss allready benefited from regeneration and rising prices to an extent, if I were looking for an investment on the back of 2012 I would be mostly looking in Leyton this weekend. Next door to Stratford close to all the action and still relativly cheep, ripe for redevelopment or speculative investment.
I have a house converted into two 1 bed flats about a mile from Stratford centre (Just off Leytonstone High Road)....Recently refurbished and currently tenanted and I wish to sell it.
Drop me a mail if anyone's interested, would be a good buy in the run up to the Olympics.
T.
>> Edited by Big T on Wednesday 6th July 13:53
Drop me a mail if anyone's interested, would be a good buy in the run up to the Olympics.
T.
>> Edited by Big T on Wednesday 6th July 13:53
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