How much does it cost to live in Walthamstow?

March 14, 2018

London lovers are flocking to live in Walthamstow, and for good reason. This area’s numerous independent restaurants, bars, theatres and galleries make it one of the capital’s best places to live. Throw in excellent transport links and nature-embracing parks, and you have a very attractive London borough.

But what does everything cost?

Property price around £1,134 a month

The property prices in Walthamstow represent a great opportunity for those wanting to buy a family home or simply make a sound investment. You can check out one of our past articles here to see why prices are still on the rise in Walthamstow.

Below are the average purchase and rental prices which newcomers to Walthamstow can expect to pay in 2018:

1-bedroom flat (to buy = £310,000; to rent = £1,134 pcm)

2-bedroom flat (to buy = £387,000; to rent = 1,384 pcm)

2-bedroom house (to buy = £524,000; to rent = £1,512 pcm)

3-bedroom house (to buy = £576,000; to rent = £1,772 pcm)

4-bedroom house (to buy = £712,000; to rent = £2,077 pcm)

(Sources: www.homesandproperty.co.uk and www.rightmove.co.uk)

Council tax

Most of Walthamstow’s house values fall within Band D, and owners of these properties will pay £1,537.99 for the year 2017/2018.

Transport

Walthamstow is well served by London’s transport system, with residents able to choose between the tube, the overground, and the numerous bus routes which run through the borough.

The Victoria line can be accessed via Blackhorse Road station and Walthamstow Central station.

Walthamstowians can use Walthamstow Central to jump on the overground, or access the Barking-Gospel Oak overground line via Queens Road station.

Other Walthamstow stations include St James Street and Wood Street.

Unless you are wanting to travel from Wood Street, which is situated in Zone 4, then you’ll be looking at £1,600 a year for a travelcard from Zone 3 to Zone 1.

In addition to the tube and overground, many bus routes also pass through Walthamstow, including the 97, 212, 230, 275, 357, 908, N26, W12, W15 and W19. A standard fare starts from £1.50.

Food & drink costs

The streets of Walthamstow are peppered with affordable, high-quality eateries and drinking establishments. These venues also showcase the electric ethos that runs through the heart of Walthamstow.

Food

Reasonably-priced Caribbean street food is on offer at Turtle Bay, with small sharing plates costing around £5. In addition, Soda Pizza serves up authentic versions of the Italian staple we all know and love for a far-from-bank-breaking £9 a pop. Tapas dishes priced between £6.50 and £7.50 can be savoured at Orford Saloon, and finally, why not sample one of London’s first Uyghur restaurants, Etles? Prices at the latter are around £9 a dish.

Drink

Walthamstow is home to some stunning traditional pubs, but also has plenty of cocktail and spirit venues, as well as a few wine shops/bars. A pint in a local pub such as Ye Old Rose and Crown costs around £4.50, while cocktails at the likes of Bar 300 are usually well priced, in the £9 ball park.

Summing it up

Compared to other areas of London, and particularly the inner-city areas, prices in Walthamstow are low, and very first-time-buyer friendly. Added to this, even more investment is heading towards Walthamstow, and it has just been named London Borough of Culture 2019 (link to Borough of Culture article?). Considering the varied, high-quality social options on offer, as well as the great transport links, Walthamstow is the epitome of getting ‘bang for your buck’.

 

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