Post-Olympics, sporting venues will become new neighbourhoods

After the Olympics, some of London's iconic sporting venues will become new neighbourhoods
Athletes' Village, Stratford
The Athletes' Village at Stratford will be retro-fitted to create nearly 3,000 new homes after the 2012 Olympics (
Sporting arenas - old and new - are spawning thousands of affordable homes in London. Foremost is the Athletes' Village at the 500-acre Olympic Park in Stratford, where 2,818 homes are nearing completion.

These properties will be retro-fitted after the Games, and the area transformed into a new residential neighbourhood with a school, medical centre, parkland and public squares, all right next to the new Westfield shopping mall, Europe's largest retail complex.

Accommodation will range from studios to four-bedroom town houses (making it a place for families as well as singles and couples), and will be for rent, shared ownership and private sale. To register, contact Triathlon Homes, a consortium of three housing associations (

The Olympic Delivery Authority controls six other development plots in the area with the potential to unlock 2,000 more homes. Three private companies, including Wellcome Trust, the UK's largest charity, are vying to invest long-term in the village. The winning bidder will be announced later this summer.

'Investment-wise, the E17 postcode appears a decent bet'

Meanwhile, a ripple of regeneration is spreading into bordering areas as the public ding-dong over which football club (West Ham or Tottenham Hotspur) becomes tenant of the Olympic stadium after 2012 rumbles on.

Walthamstow greyhound track
L&Q housing association wants to build 300 new homes, with a leisure centre and allotments in the redevelopment of Walthamstow greyhound track (
Walthamstow and Leyton may be less attractive than the river-hugging districts of Docklands, but both areas are served well by transport: Zone 3 on the Tube and, from Walthamstow, quick overground trains into the City.

Increasingly, people are choosing to live there, not merely because they are priced out of other places. Investment-wise, the E17 postcode appears a decent bet. Values remain among the lowest in London.

There are pockets of sensibly priced Victorian and Edwardian housing - such as the Warner Estate and the little enclave around St Mary's Church - while redundant sites, including the former Hawker Siddeley factory in Fulbourne Road, have been redeveloped into flats. At Vellum, a new apartment scheme by Telford Homes, prices start at £150,000. Call 020 8523 3768.

Walthamstow's famous greyhound stadium is also up for redevelopment. Housing association L&Q wants to build 300 new homes with a leisure centre, nursery and allotments. And local football club Leyton Orient has created an apartment block in each corner of its stadium - 140 homes in total, some overlooking the pitch, others facing Coronation Gardens, a Victorian park with bandstand.

Emirates stadium, Holloway
Queensland Road is the final phase of homes being built at Arsenal FC's Emirates stadium in Holloway ( or
Queensland Road is the final phase of homes at Arsenal FC's Emirates stadium in Holloway, where 1,400 affordable properties have been built already. Barratt and L&Q will launch 375 flats (off-plan), all for private sale, in September.

The same development duo is working on a 27-storey tower at Alie Street in the City, where 64 of the 237 apartments will be affordable. Visit or

Wembley is another major redevelopent zone. Work is well under way (about 800 residents to date) and if the timetable goes according to plan, within 10 years Wembley City will be a 3.7 million sq ft "town". Homes at Quadrant Court, the current phase, cost from £170,000. Rentals from £825 a month. Call 0845 201 1205.

Football fans and concertgoers will know about the area's efficient train links: three stations providing quick commutes to the West End and City. On the Bakerloo line it takes only nine minutes to get to Marylebone. Jubilee, Metropolitan and Piccadilly lines also serve Wembley.

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