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September 06, 2007

Olympic Goldrush (Continued)

From The Telegraph:

"The countdown has begun for the 2012 Olympic Games and with less than five years to go, London's East End is already feeling the buzz, with investors flocking to locations around the future Olympic Park and its huge regeneration area. We train the searchlight on the six boroughs surrounding the Olympic site to find the most sizzling spots for buyers."

Look out Claptonians! Here comes that searchlight now!

"HACKNEY

The borough: Hackney itself, with its famous Victoria Park, already revitalised high street [Huh? DH] and widespread regeneration, has long been regarded as chic, but shabbier neighbouring districts are still definitely on the up.

Prime spots: Hackney, Clapton.

What's there: Niche developer Modern City Living is creating Queensbridge Quarter, part of Hackney's Holly Street regeneration scheme, with 84 studio to three-bedroom apartments, priced from £265,000, call Currells on 020 7241 4111. In Clapton, three miles from the Olympic site, Intro Homes has parkside development Millfields on the edge of the River Lee, with 70 one- to three-bedroom apartments from £217,500; call 0870 445 0870 or visit www.introhomes.co.uk. George Wimpey is also in Clapton, with one- to three-bedroom apartments from £214,995 at Altius on Mount Pleasant Hill; call 0845 688 1315 or go to www.georgewimpey.co.uk.

Coming soon: In Amhurst Road, close to Rectory Road train station, is a new development of one-to-four-bed apartments from John Laing Homes, prices to be announced; call 0845 375 0732 or go to www.laing-homes.co.uk.

Who's buying, who's renting: Investors with a keen eye for remaining affordable areas within easy reach of the City, snapped up for rental by younger City workers."

Look, I know I was once an incomer too but, er, have you ever felt like moving? No, hang on, that's what they want us to do...

More "sizzling spots" info here.

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