Newham Property Investment Guide

At 23.4 % property prices rises are the highest in London

Newham is situated 5 miles east of the City of London and is north of the River Thames. The borough’s motto, from its coat of arms, is “Progress with the People.” The coat of arms was derived from that of the County Borough of West Ham, while the motto is a translation of the County Borough of East Ham’s Latin “Progressio cum Populo”.

Property prices in Newham borough are 56% below the London Average, having risen by 23.4% in the last year, this is the highest rise of all the London boroughs in the last twelve months. Suggesting that the regeneration and investment that have been ongoing here since the 2012 Olympics, are paying off for the residents of the borough now.

Newham is the only inner-city borough that boasts both its own airport (London City Airport) and is also home to a free passenger ferry whose history dates back more than a thousand years.

Close to the city, West End and Docklands but still outside the Congestion Charging Zone, commuting into town from one of Newham’s stations may be a quicker and cheaper travel option. That means Newham property investment could be ideal for you if you’re looking for an area that’s popular with city workers in London zones 3-5.

London City Airport is Located just three miles from Canary Wharf and six miles from the City of London, the airport is easily accessible by road and public transport and is a popular choice for business travellers. Close proximity to the business and financial districts along with getting passengers quickly to their destination appeals to the time-sensitive business traveller.

Unlike many other airports, London City Airport’s distinct selling point is its 15 minute check-in time, before departure. The airport’s success in processing passengers swiftly and efficiently is owed to its continued investment in both facilities and services. London City Airport has the best airline punctuality record in London and the south-east, averaging over 85% on-time performance.

Economy & Employment

London City Airport is Newham’s largest private employer.

London City Airport is the largest private sector employment site in the London Borough of Newham. In 2009, 51 employers based on-site employed over 2000 people.

The Airport seeks to ensure that at least 70% of the jobs at the Airport (including its own employees) are filled by residents in the local labour catchment area as defined in its 2009 Section 106 Planning Agreement including at least 35% filled by residents of Newham. It also seeks to encourage employers at the airport to fill their job vacancies with Newham residents and it provides the LBN with a list of those employers so that the Council can do likewise.

Newham has a very large proportion of employment within small and medium-sized workplaces of less than 200 people. The proportion of public sector employment in the borough is very high in comparison to the London average.

Retail employment in Newham is significant and likely to continue growing due to the investment at Westfield.

Visitor economy employment in the borough is significant and has the potential to continue growing, bolstered by new transport investment and the impact of the Olympic Games.

Investment

Newham’s Centre for Innovation and Partnership is supporting enterprise and employability.

In 2010 London City Airport invested £7 million in infrastructure renovations, increasing the handling capacity of the security search facilities along with creating more passenger seating and expanded retail and catering outlets. With the vast majority of the works taking place during the airport’s nightly and weekend closure times to ensure there was little disruption to passengers.

In an ongoing joint partnership with Newham Council and the airport support educational projects for schools and colleges, notably in enhancing basic skills. The airport has now agreed to provide £720,000 in six (index linked) annual payments of £120,000 to finance education, training or employment objectives as agreed at a meeting each year with Newham Council three months before the payments are made on 1st July.

The Centre for Innovation and Partnerships (CIPs) is a directorate of Newham College. Their main focus is on supporting enterprise and employability. Through a wide range of European, national and local projects and partnerships, CIP has helped thousands of people find employment, through customised training, workshops and mentoring, as well as supporting hundreds of businesses every year, from start-ups needing help developing business plans to multinational buyers looking for local suppliers.

Transport

Air: London City Airport is within Newham borough. It has excellent access to its business travellers.

Rail: Transport in Newham is undergoing a major upgrade, with the completed Docklands Light Railway (DLR) and the Jubilee Line Extension with new or improved stations at Canning Town, West Ham and Stratford. High Speed 1’s Stratford International Station opened in 2009. The Crossrail scheme will also improve rail connections to several stations in the borough. The Docklands Light Railway was extended to serve London City Airport.

Road: Newham is served by the A13 to the south of the borough, the A406 to the east and the A12 to the north and the west, ensuring excellent access to and from the area.

Bus: Newham is well served by bus routes, with regular day and night buses serving the borough and further afield.

Education

Newham has 69 primary schools, 19 secondary schools, 3 special schools, 10 independent school, 1 independent special school and 3 sixth form/FE colleges.

Newham borough is the education authority for the district providing education in a mix of foundation, community and voluntary aided schools.

The Essex Primary School in Sheridan Road with over 900 pupils is one of the largest primary schools in London.

The borough also owns and operates Debden House, a residential adult education college in Loughton.

Higher Education: The University of East London has two campuses in Newham: the Stratford Campus in Stratford and the Docklands Campus, next to the Royal Albert Dock.

Birkbeck Stratford is a joint collaboration between Birkbeck University London and UEL to increase participation in adult learning. This is currently based on the UEL Stratford campus but is planned to move to its own facilities.

Shops & Leisure

Shopping & Dining: Make sure you also take a look around Stratford, London’s most dynamic district, which is now one of Britain’s most popular retail and leisure destinations. Westfield Stratford City has over 300 shops and restaurants. In Stratford town centre there is a wealth of shops, stalls, bars and cafés, many of them new, independent businesses offering the best authentic food and cooking from all corners of the world, along with goods and services at incredible value for money.

Sport & Culture: Newham has successfully converted its Olympic venues into local resources. Premier League team West Ham United F.C. currently plays its home matches at Upton Park but are expected to take over the Olympic Stadium shortly. The Emirates cable car built for the Olympics now provides a usual connection from the ExCel centre over the river to the O2 so there’s plenty of entertainment options available from those two goliath venues.

Green Spaces: 80 hectares within the borough are designated as part of the Metropolitan Green Belt. Beckton District Park North is a public park in Beckton, It has undulating grassland with scattered trees, areas of natural woodland, a lake with a large island, a children’s playground, a basketball court, toilets and a car park.

About the Author

Brett has over 20 years experience in all facets of property, he owns various companies centred around property and is the driving force behind the education and training at Gladfish. His companies have sold over £850 million in UK and London property and he manages over 1200 properties through his estate agency chain. Today he shares his time between UK, Australia and Singapore. He is married to Arlene and together they have 4 kids.

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