Brickmakers Apartments (Telford Homes)

Telford Homes - Brickmakers Apartments 

How we ended purchasing this development from Telford Homes is quite an interesting story.  We were informed by a friend who saw Telford Home signboards near her purchase at a development nearby.  She had been on site to visit her then newly completed property.

We contacted the sales agent and received the price lists.  The prices looked reasonable - this was in mid 2012.  We did our usual to go on Google Maps to walk the streets as well as look at its general location. This is the approximate location - (51.511097, -0.064533)

Proximity to City of London
This development was very close to the City of London.  Furthermore, our Singaporean friend informed that she had little problems getting tenants for her unit. We (including family) ended up purchasing a total of 3 units - two one-bed apartments and one two-bed apartment for a total cost of under £800,000.  In total, the 3 units were about 1,800 sq feet.

Very Negative Experience with CityZEN
CityZEN was the sales agent of Telford Homes for this development.  They were also Telford's preferred Lettings Agent.  Unfortunately, our experience with them for the Lettings part was extremely negative.  We will blog about that separately, but be warned.

Walking down Cable Street
These photographs were taken during a visit to London, second half of 2013.  This was Royal Mint Street, walking from Tower Hill, towards the direction of Shadwell, after the IJM development.

The place does look a bit run-down, which was to be expected.  The overhead on the left of the picture are the tracks for the DLR.

There was even an Enterprise rent-a-car, with their cars parked behind the gates.

Cars for rent!

There the Royal Mint Street sign, particular blocked by the traffic light.

This was the junction of Cable Street and Leman Street.  While doing our research, we looked carefully at the prices of property on Leman Street.  They were really high.  Yet, prices along Cable street were much lower.

Arrived at the Brickmakers site, under construction. Brickmakers has East and West blocks.

Walking around to the back, managed to get this photo of the almost completed block.

Another angle of the block, from behind. (Swedenborg Gardens)  This block would complete earlier.

The other block still under construction, completing later.

I took a walk behind, this was Swedenborg Gardens.  It was rather pleasant.

Some more housing behind.

This photo shows the 2 Brickmakers blocks.  One reason why they can't sell for astronomical amounts is because there is council/social housing in between.

The view from the front again.  It is true that the block looks to be stuck in between social housing.  Some have said that the social housing will never go away, therefore the upside of the value of the apartments would be limited.  That may be true, however, given the price and the location we decided it was worth the investment.

After viewing the buildings from the outside, it was time to walk onwards to Shadwell DLR. It was a very pleasant walk, less than 5 minutes.  This was the entrance to Shadwell DLR.

Look - bicycles for rent!  This was Cable Street.

A useful map.

I noticed the Barclays advertisement.  Not sure how many people actually rented these bicycles.

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