Everything You Need to Know About Buying A Property in East London

East London has firmly established itself as one of the city’s best areas to live. Thanks to an array of restaurants, bars, cultural establishments and schools, this corner of London has proven a popular option for property buyers, especially first-time buyers.

With property prices lower in East London than they are in other parts of London, it’s usually possible to find a budget-friendly property. Still, you’ll need to know a thing or two to ensure the buying process runs as smoothly as possible. In this post, we’ll run through some key information that can help you buy an East London home that you love.

It’s an Attractive Option For First-Time Buyers 

First up, let’s talk about property prices in East London. Though East London is a highly popular area in which to live, prices for homes and flats remain relatively affordable, making the area particularly attractive to first-time buyers, who often struggle to find properties within their price range in other parts of the city.

Walthamstow, Leyton, and Tottenham are three East London neighborhoods with affordable property prices, while still offering everything there is to love about living in this part of the city, including excellent transport links, nearby green spaces, and cultural activities. Since many of the properties in this area are period homes, it’s especially important to work with a chartered surveyor East London company to help identify any existing or potential problems.

Artists, Professionals, and Families All Call East London Home

When you buy a property in East London, you’re not just getting a home. You’re also getting access to one of the city’s most thriving neighborhoods. This part of London is home to a wide range of homeowners, including artists, professionals, and families, which help to give the area a unique feel. 

It’s impossible to grow bored in East London. There are intimate and large music venues, including the o2 Arena, and more art galleries than you can shake a stick at. When not visiting a cultural space, property owners can spend afternoons strolling through East London’s many parks and green spaces, including the Hackney Marshes and Tower Hamlets Cemetery Park. An abundance of cafes, bakeries, and other eateries ensure that you’re never too far from a delicious snack or drink, too.

Tips for Finding a Great East London Property

We’ve established that East London is a great place to buy a property. However, that also means that there can be a lot of competition for properties, especially ones in the most enviable locations or which have an attractive price tag. 

As such, you’ll need to take a sophisticated approach to your search. Here are some handy tips that can help you get a property that you love.

Take Your Time

You might have your heart set on buying in East London, but it’s essential to take your time when you’re going through the process of identifying the property that’s right for you. It’s better to take your time to find the right place, rather than rushing into a decision that you later regret. 

Partner With a Reputable Local Estate Agent

Having local expertise on your side is key when buying a property. Look for an estate agent with extensive experience in the East London property market, and take their advice on board. A reputable chartered surveyor East London expert can also help identify any common issues typically found in East London properties. 

Conduct Thorough Research 

Even though property prices in East London are cheaper than elsewhere in the city, it’s still a significant investment. Having as much information about the property and the surrounding area is key to making the right decision. As well as keeping your mid- and long-term aspirations in mind when selecting a property, it’s also essential to work with a chartered surveyor East London firm, who will identify any problems, potential issues, or property defects that you will very much need to know about before purchasing the property. 

Be Ready to Act

Finally, once you’ve found the property you want to buy, be ready to act swiftly. As we said, the East London property market is competitive, and if you’ve spotted a great opportunity, then someone else will likely have noticed too. By taking decisive action, including acting promptly to recruit a chartered surveyor East London firm to look at the property, you’ll increase the likelihood of getting your hands on the keys and making the property yours. 

To arrange your property survey in East London, get in touch with us here at NI Surveys by calling 07588 095399.

Ronan's broad range of surveying skills and detailed knowledge of property types & construction have been developed working in the private, public and residential sectors. He is an RICS Chartered Building Surveyor with 20 years experience and holds a Diploma in Financial Management examined by the Association of Chartered Certified Accountants.