Eastern promise: new homes in Hackney where house prices have stabilised after 20 years of house price rises

Since 1998 prices in Hackney have risen faster than anywhere in the country. Now these new projects aim to attract buyers keen to relocate to this vibrant and creative eastern borough. 
David Spittles3 September 2018

Hackney property prices have jumped a staggering 753 per cent in 20 years, nearly twice the London average of 402 per cent, and more than anywhere else in England.

They have stabilised now, but this east London borough remains a development hotspot, with new projects aimed at a fresh generation of home buyers.

Nile Street is part of a canalside creative quarter moments from the Shoreditch tech cluster.

Sprinkled with handsome warehouses and factories, it also attracts young career professionals working in the City, who like the modern apartment blocks and being able to walk to work.

From £600,000: The Makers is on Nile Street, close to the Shoreditch tech cluster

Rising here is The Makers, a scheme of 175 apartments within a 28-storey tower and a connected low-rise block. Exterior architecture features two-tone concrete and perforated aluminium panels.

Flats have full-height glazing, while corner apartments have double-aspect winter gardens.

An impressive Art Deco-style entrance lobby with terrazzo floor and brass detailing sets the bespoke tone.

Residents can chill in an indoor garden or roof garden, and there is a gym and screening room. Prices from £600,000.

From £490,000: The Otto is a development of 89 apartments, overlooking Hackney Downs

Overlooking Hackney Downs, The Otto enjoys more open space and comprises 89 apartments in two pavilion buildings with decorative terracotta façades in mellow shades.

Ground-floor duplexes have a raised private garden, mimicking a terrace of Victorian houses, while penthouses have “sky gardens” and basements have extra storage space.

Prices from £490,000. For more information on both of these developments, call Cushman & Wakefield on 020 3296 2222.

Spurhouse is a smaller scheme of 20 flats moments from Hackney Downs station, which offers eight-minute trains to Liverpool Street.

From £525,000: Spurhouse features 20 flats, starting at £525,000

Prices from £525,000. Call Fyfe Mcdade on 020 7613 4044.

And at nearby Hackney Gardens, 58 flats have been built within the ancient churchyard of listed St John, also a cool venue where Coldplay and Ed Sheeran have played.

The new apartment blocks are clad in warm brown brick.

Prices from £585,000. Call Stone Real Estate on 020 7043 8888.