Zone 3 homes for under £300,000

New shared-ownership homes and good value local housing are available in the trendy East London town where Alfred Hitchcock is a local hero.
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The spotlight is shining on well-connected Walthamstow — in Zone 3, on the Tube and with 20-minute Overground trains to the City.

For many years this east London area was on the bottom rung of the property ladder, treated as a staging post that could lead to somewhere else.

But steady improvements, including a town centre facelift, new cafés, late bars and a farmers’ market, are encouraging people to settle. Arty types priced out of inner east London are also moving in.

A showpiece project on a prominent corner of the high street, which has Europe’s longest street market at more than half a mile, brings 121 smart flats, a Pizza Express and other eateries plus a much-needed multi-screen cinema to the district.
Called The Scene, partly in homage to movie legend Alfred Hitchcock, who was born in the borough, it is a thoughtfully designed mixed-use development. Clad in brick-like ceramic tiles, the building incorporates a raised communal podium garden which, like the homes, sits above the cinema complex.
Open-plan flats have Amtico flooring and enclosed balconies, while penthouse-style homes on the top floor have panoramic views. Maisonettes with gardens are also in the mix.
Prices start at £282,500, with shared-ownership options available through Islington and Shoreditch Housing Association. Email or contact the sales advisers on 020 7704 7388.

Across the road is the town’s handsome Victorian library, built by philanthropist Andrew Carnegie. Another area highlight is the William Morris Gallery, once home of the influential Victorian designer, craftsman and writer.
Redevelopment of the famous greyhound stadium into a 294-home estate is expected to start next year, while the Walthamstow Wetlands project aims to create Europe’s largest urban wetland park from 10 Victorian reservoirs.
Walthamstow has a history of crafts and manufacturing and a new purpose-built “people’s workshop” in Blackhorse Lane, part-financed by the Mayor of London, aims to encourage more locals to learn skills such as furniture making. For a small fee, anyone can rent a space or studio at the workshop.
All this means Walthamstow looks a decent investment bet. Values are still among the lowest in London, and pockets of sensibly priced Victorian and Edwardian housing make it possible to pick up spacious terrace houses for less than £450,000, according to estate agent Strettons on 020 8509 4457.
Warner Estate, with its Arts & Crafts houses, is sought after, as is Walthamstow Village, a conservation area east of the stations around St Mary’s Church, with quaint narrow streets and listed cottages.
But if you can’t afford Walthamstow, look in Leyton, which is cheaper despite being that bit closer to central London. The Wharf is a good-looking development of 124 flats nearing completion on the leafy banks of the River Lea. Call Sherrygreen Homes on 020 8550 3333. Shared-ownership flats are available through A2 Dominion housing association. To register, call 0845 337 5759.

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