Setting the scene
WHERE Shoreditch and Hackney lead, the rest of east London was bound to follow, and Canning Town is fast playing catch-up. True, it’s not yet as trendy and pop-ups and artisan coffee shops are rather thin on the ground, but property is cheaper, transport links are improving fast and it’s minutes from Canary Wharf and the City. A £3.7billion fund is targeted at upgrading housing, the town centre and community facilities in Canning Town and the wider area, and Crossrail will stop at the new Custom House station. In addition, London City Airport is undergoing a £500million makeover and a new state-of- the-art terminal is set to open in 2022.
SOME Victorian terraces managed to survive the Blitz, but homes are mostly a post-war mix of council and privately built houses and flats and new schemes. ‘Canning Town is a hub of redevelopment that remains affordable when compared to neighbouring areas, and access to transport is great, with both the DLR and the Jubilee Line providing links to Canary Wharf,’ says Dan Burrell of Dexters. ‘Young families enjoy the houses, with first-time buyers and buy-to-let investors typically more interested in the new apartments. One-bedroom flats sell from £325,000, and houses are £400,000-plus.
AROUND 12,000 homes are being delivered in the ongoing regeneration. Orchard Wharf, from Galliard Homes, consists of 338 apartments, with 236 for private sale and 76 homes have been released in the second phase, with floor-to-ceiling windows and balconies. London Help to Buy is available on all 41 one-beds, starting from £460,000. Two-beds are from £665,000 and three-beds from £760,000, galliardhomes.com.
Mount Anvil’s Royal Docks West, to the south, is a 19-storey tower three minutes’ walk from Custom House DLR station. Homes range from studios to three-bed apartments, all with balconies and kitchens with Smeg appliances. Prices are from £630,000 for a two-bedroom,mountanvil.com.
London City Island, connected to Canning Town via a bridge, is 60 per cent complete. When finished, it will comprise 1,700 new homes with fantastic residents’ amenities including a gym, pool, games room and 24-hour concierge. The English National Ballet and London Film School are opening HQs there soon. Prices start from £420,000 for a studio, via Johns & Co. johnsand.co.
The Old Smoke House is a selection of nine one to three-bedroom apartments, all with underfloor heating and a balcony. From £400,000, Knight Frank, knightfrank.co.uk.
Council tax: Band D, £1,331.38
Commuting time: 15 mins to Bank
Annual Travelcard cost: £1,404
Amenities: ★★★☆☆ Local stores for essentials; shops and cafés in the pipeline at Hallsville Quarter; general stalls at Rathbone Market four days/week plus a Friday food market; pizzeria Zzetta and Turkish restaurant Efes are recommended; ExCel exhibition centre; Parkour classes at Parkour Generations
Open space: ★★☆☆☆ Play area, sensory garden, tennis courts and cycling club in Canning Town Recreation Ground; Keir Hardie Recreation Ground; Bow Creek Ecology Park
Schools: ★★★☆☆ Average GCSE and A-level results; Ofsted rates most local schools — including Rokeby, a boys’ secondary school — as good
Crime: ★★★☆☆ About average
Who lives there? Increasing numbers of first-time buyers and young families working in the City or Canary Wharf
Famous faces: Reggie Yates bought his first home in Canning Town
■ Crime rates, open spaces and profile supplied by Findahood.com
‘Typically our tenants work in Canary Wharf and are on the lower rungs of their career ladder. Canning Town is a great compromise in terms of location and price. Two-bedroom flats are £350-£500 per week,’ says Jay Clarke of Johns & Co
£275,000 Johns & Co, johnsand.co
A living room/kitchen leads to a large private balcony in this one-bed flat on the third floor of a modern block close to the station. It’s being sold chain-free.
Average for Canning Town
£410,000, Dexters, dexters.co.uk
This mid-terrace house has a kitchen at the front, a full-width living room with access to the garden at the back, a downstairs cloakroom, three bedrooms and a family bathroom. The average property in Canning Town is currently valued at £405,193, according to Zoopla.co.uk
£895,000, Foxtons, foxtons.co.uk
Arranged on the 12th and 13th floors in a secure, gated building and featuring two balconies and a good-sized terrace, this contemporary apartment offers amazing views and bags of space.