Interesting article in the Evening Standard with regards to the Boom in East London propert prices
NEW ROYAL WHARF DEVELOPMENT BRINGS FAMILY-FRIENDLY TOWNHOUSES
In this part of Docklands, most new homes are flats in modern-design apartment blocks. But houses are being built too, to encourage families to move to the area. Royal Wharf, formerly a lubricants plant, is another new neighbourhood taking shape, with 3,385 homes, including London’s biggest batch of new townhouses.
Though the architecture is contemporary, the development is rooted in old-fashioned design principles, inspired by London’s traditional landed estates, with their uncomplicated pattern of streets and squares. It will have its own school and DLR station, and almost half of this mainly low-rise development is open green space.
Eventually more than 20,000 people will live and work there. Prices from £365,000, with townhouses from £1,082,000.