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London Zone 2 | Stratford - A Thriving and Vibrant East London Community

Stratford - A Thriving and Vibrant East London Community

 

The housing prices and convenient transportation in the Stratford area are more attractive factors, especially for young working class or "Buy to Let" investors. If you can afford it, you can buy a good type of house in Stratford, such as Victorian terrace houses.

 

Stratford - Region Background and Development

 

Although Stratford in London is not as famous as Kensington and Canary Wharf, in fact, Stratford has always been an important part of London.

In the middle of the 16th century, Stratford had become a regional centre with many religious buildings. With the development, the river of River Lea was widened, goods could be transported from the Thames, and there was a certain scale of industry. In the mid-19th century, the arrival of the railroad industry injected vitality into the area, creating thousands of jobs. In the middle of the 20th century, the train manufacturing industry gradually declined until it stopped completely, the port was also closed, and the unemployment rate remained high. From the 1980s to the early 1990s, Stratford was in a state of depression.

However, what makes Stratford a well-known place is that the site of the 2012 London Summer Olympics and Paralympics, which has attracted worldwide attention, is located here, which undoubtedly increases its popularity.

 

Stratford - Location and Traffic

 

Stratford is part of the London district of Newham, in east London. The northwest of the site is the Stoke Newington area, the south faces Canary Wharf, and the east is close to Barking. The postcode for the area is primarily E15, which includes most of West Ham, Leyton, Leytonstone, Bow and Hackney Wick. In recent years, E20 has become the new postcode, mainly representing the Olympia area, including Queen Elizabeth Park and parts of Stratford, as well as Leyton and Bow.

The traffic in the Stratford area is very convenient and can be said to be a transport hub. Numerous modes of transport have stops in Stratford. The subway has a red line - Central line locally, and a DLR line to Canary Wharf. In addition, there is Jubilee Line, and the Overground also passes through this station.

It can be seen from the figure below that the local traffic is densely intertwined:

By traffic at Stratford Station:

26 minutes can take you straight to Oxford Circus

18 minutes to Liverpool Street

30 minutes to Chinatown


Stratford - Life and Recreation

 

The biggest benefit of this area is of course the shopping mall Westfield, which is the largest shopping mall in the city throughout Europe, with hundreds of stores and nearly a hundred outlets for you to choose from. Some big names include John Lewis, Waitrose, M&S, 24 hour casino Aspers, a cinema Vue Cinema and Premier Inn hotel. There are also a number of independent shops in shopping centres around Old Stratford, including supermarket Sainsbury's and homewares store Tiger. It can be said that an important reason for the convenience of the residents living here should also be attributed to this big shopping mall.

Stratford's cultural centre is in Gerry Raffles Square, a short walking distance north of the town centre. There is also the theatre "Theatre Royal Stratford East" nearby, which is a place with culture and stories, friends who like it can go and learn about it.

There is also an iconic park in Stratford, Queen Elizabeth Olympic Park, which covers an area of 250 acres. The old site of the park is actually a heavily polluted industrial park. It has been rebuilt since 2008. This is a park with a history of more than 100 years. It will be the main site for the 2012 Olympic Games and will become the most popular tourist attraction and One of the important reasons to attract Stratford. As the London Olympics became history, the park was renamed the Queen Elizabeth Olympic Park.

West Ham Park on Upton Lane has a botanical garden, recreation grounds and football pitch, and is also a good training ground in the height of summer.

 

Stratford - Local Education


According to Ofsted, an authoritative office for standards in education in the UK, in the Stratford area there are:

 

Primary School

SchoolAgeRate
Colegrave Primary School4-11Outstanding
Mossbourne Riverside Academy3-11Outstanding
Newport School3-11Outstanding
Kingsmead Primary School3-11Outstanding
Willow Brook Primary School Academy3-11Outstanding
Morningside Primary School2-11Outstanding
St John and St James CofE Primary School2-11Outstanding
Portway Primary School3-11Outstanding
Old Palace Primary School 4-11Outstanding
St Agnes RC Primary School3-11Outstanding
Riverley Primary School3-11Outstanding

 

Secondary School

SchoolAgeRate
Morpeth School11-18Outstanding
Clapton Girls’ Academy11-19Outstanding
 Mossbourne Community Academy 11-18 Outstanding
 Plashet School 11-16 Outstanding
 Walthamstow School for Girls 11-16 Outstanding

 

Special School

 School AgeRate
Stephen Hawking School2-11Outstanding
Stormont House School11-17Outstanding
The Cherry Trees School5-11Outstanding
Beatrice Tate School11-19Outstanding

 

Stratford - Property Market

 

After understanding the life functions of King's Cross, let's take a look at the house price of Stratford!

The following data is shown by the data report of Zoopla, a well-known British real estate network: the average purchase price in the Kings Cross area, the monthly rental price, and the changes in house prices in recent years.

Next, let's look at more detailed statistics about the average price of buying and renting a house:

 

Stratford - Council Tax

Council Tax is a tax that you have to pay every month whether you buy or rent a house. It can be classified as a necessary fixed cost, so check the Council Tax in the area before buying or renting a house:

Council RateTax Pay
Brand A£922.18
Brand B£1,075.89
Brand C£1,229.58
Brand D£1,383.28
Brand E£1,690.67
Brand F£1,998.08
Brand G£2,305.46
Brand H£2,766.56

 

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Landlord Fees

Letting Only: - 12% (Inc VAT)

Management Only: 7.2% (Inc VAT)

Letting & Management: 19.2% (Inc VAT)

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Tenant Permitted Payments

Refundable Holding deposit: - Capped at 1 weeks rent

Security Deposit: Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent: The agreed monthly rent

Changes to tenancy Capped at £50 inc VAT

Early termination charge: Not exceeding the landlord’s financial losses

Late payment of rent: Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys: Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc: Tenants own responsibility unless otherwise stated in contract

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