Property: Hot Spot Victoria Park, East London: A tale of Victorian values

Adam Kay is a husband, a father and a triathlete. When he was scouring Bethnal Green for a flat, however, it was the last of these categories which proved the most influential - and St Agnes Close, off Gore Road, near Victoria Park fitted the bill.

A 300 acre park was yards from his front door, the City was just 10 minutes by bicycle, and the flat appealed for other reasons, too.

It is in a modern block that was specifically designed to maximise light, heat and privacy, and his freeholder doesn't bicker over repairs or otherwise exploit the tenants.

His property is one of many in the area owned by the Crown Estate. "I definitely have the best landlady in the country," says Mr Kay.

Marriage, a baby and a move to suburbia revealed that Victoria Park was also a good investment: "I paid pounds 60,000 in 1995. Last year it was re-evaluated for mortgage purposes at pounds 95,000," says Mr Kay.

Most London parks are bordered by residential roads. The boot-shaped Victoria Park, which extends from South Hackney into Tower Hamlets just east of Bethnal Green, has limited park-side housing, but there are compensations: two canals border the park, bringing waterside properties and warehouse conversions into the picture.

Just across the park, Well Street Common is encircled by handsome park- side homes. Victoria Park was a neglected, vandalised wreck in the Seventies and early Eighties, until Tower Hamlets council spruced it up. Private housing, where council estates used to be, further enhanced the quality of the area.

"Kingshold estate was the worst, and it and some other bad ones came down," notes Philip Castle, a director of Sovereign House estate agents. "Lauriston School is a highly regarded state secondary school," he adds, noting that the young professionals who are attracted to the area because of its proximity to the City include families as well as singles.

"But Victorian houses are scarce and expensive, usually available only when the occupier dies and the Crown Estate sells them off."

The best Victorian houses can sell for more than pounds 300,000, but flats are much cheaper: "The older properties are more fashionable and expensive, but generally one-bedroom conversions sell for pounds 60,000-pounds 70,000, and two bedrooms jump to pounds 110,000," declares Mr Castle. "Parkside is a nice local authority estate. Two- and three-bedroom flats are available there in the pounds 55,000-pounds 65,000 range."

At the eastern edge of the park, Cadogan Terrace backs on to a motorway, but even in this location pounds 300,000 might not be enough to buy a large family house.

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Life and Style
ebookNow available in paperback
Life and Style
ebooksA superb mix of recipes serving up the freshest of local produce in a delicious range of styles
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs General

    Savvy Media Ltd: Media Sales executive - Crawley

    £25k + commission + benefits: Savvy Media Ltd: Find a job you love and never h...

    Austen Lloyd: Corporate Solicitor NQ+ Oxford

    Excellent Salary: Austen Lloyd: CORPORATE - Corporate Solicitor NQ+ An excelle...

    Reach Volunteering: Financial Trustee and Company Secretary

    Voluntary Only - Expenses Reimbursed: Reach Volunteering: A trustee (company d...

    Recruitment Genius: Senior Project Manager

    £45000 - £65000 per annum: Recruitment Genius: This is a fantastic opportunity...

    Day In a Page

    In a world of Saudi bullying, right-wing Israeli ministers and the twilight of Obama, Iran is looking like a possible policeman of the Gulf

    Iran is shifting from pariah to possible future policeman of the Gulf

    Robert Fisk on our crisis with Iran
    The young are the new poor: A third of young people pushed into poverty

    The young are the new poor

    Sharp increase in the number of under-25s living in poverty
    Greens on the march: ‘We could be on the edge of something very big’

    Greens on the march

    ‘We could be on the edge of something very big’
    Revealed: the case against Bill Cosby - through the stories of his accusers

    Revealed: the case against Bill Cosby

    Through the stories of his accusers
    Why are words like 'mongol' and 'mongoloid' still bandied about as insults?

    The Meaning of Mongol

    Why are the words 'mongol' and 'mongoloid' still bandied about as insults?
    Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

    Kenyans still waiting for justice over Mau Mau uprising

    Thousands join class action over Britain's role in the emergency
    Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

    The last Christians in Iraq

    After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
    Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

    Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

    Britain braced for Black Friday
    Bill Cosby's persona goes from America's dad to date-rape drugs

    From America's dad to date-rape drugs

    Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
    Clare Balding: 'Women's sport is kicking off at last'

    Clare Balding: 'Women's sport is kicking off at last'

    As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
    Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

    Oh come, all ye multi-faithful

    The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
    Dr Charles Heatley: The GP off to do battle in the war against Ebola

    The GP off to do battle in the war against Ebola

    Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
    Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

    Flogging vlogging

    First video bloggers conquered YouTube. Now they want us to buy their books
    Saturday Night Live vs The Daily Show: US channels wage comedy star wars

    Saturday Night Live vs The Daily Show

    US channels wage comedy star wars
    When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

    When is a wine made in Piedmont not a Piemonte wine?

    When EU rules make Italian vineyards invisible