Any issues with Thamesmead/Abbey wood area, in terms of real estate?

Question

Looking at the london map, thamesmead/abbey wood is around SE london and not too far from the financial hub. Still i could not figure out why the house prices are lower than the other places in SE or East london.

What is wrong with that place, in terms of living, real-estate, local amenities,... there might be something that is reflecting in housing market?

Answer 1

Maybe it was one of the areas where there was a push to build cheap council housing in the 60's and 70's, and that is reflected in the prices of property.

South East London is very poorly served by public transport, because it is marshland, so although it may not look that far away, travelling could be a problem.

North of the river is always best.

Answer 2

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Answer 3

Real estate has two ways to grow in value. As you pay off the loan, you build equity. As the market as a whole fluctuates, the appreciation value may change, but as a long term investment, you are more than likely to appreciate in value (grow more). The other thing Real Estate can do do is provide working income. ex: Rental property. This can cover, say those expenses like a mortgage.

Answer 4

i live in abbey wood and its probabaly as bad as any other inner city area .its not rife with crime but it does have its fair share .it also depends which side of the estate you live on,the thamesmead side is probably worse so id steer clear of it and thamesmead in general ,not sure about the house prices but where i am there going for around the 200k mark
you can get a train from abbey wood station to london bridge takes about 20 mins, plenty of green space about and lots of local history. there is a gypsy site on the edge of the estate but in general if you leave them alone they will leave you alone.and the person who comes from dartford should know about pikeys cos its full of them.there is no tube this far south but docklands light railway is being built now which takes you north of the river so tubes are easier to get

Answer 5

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Answer 6

Don't go there the reason its so cheap is cause its full of pikeys (travellers), drug dealers and users schools are crap, and the place is over-run with crackheads and smackheads especially the abbey wood area
I should know i live in Dart ford bout 4/5 train stops away and everyone knows about the reputation and what its like there stay clear

unless
you want people to try and sell you drugs on your doorstep

you want your house burgled every time you go to work by crackheads

you want your car firebombed

also the police are scared of that area, tells you summit dont it

Answer 7

The longer term prospects might be better, as Crossrail is meant to go to Abbey when it is built, which will link it to Canary Wharf, City, West End and Heathrow. That's not supposed to be finished until about 2015 so don't hold your breath.

Answer 8

Thamesmead, was built on some funny land and initially was populated with council houses.
Abbey Wood I think is ok, but both are not ideal for commuting.

Answer 9

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