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le p a h c et W ih

PROPERTY

Andrea Dean Tuesday 31 Dec 2013 1:01 pm

Reproduced by Gorkana Group under licence from the NLA (newspapers), CLA (magazines), FT (Financial Times/ft.com) or other copyright owner. No further copying (including printing of digital cuttings), digital reproduction/forwarding of the cutting is permitted except under licence from the copyright owner. All FT content is copyright The Financial Times Ltd. Article Page 1 of 5 270318546 - JACTIN - A17287 - 1

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Both the Liberty Bell and Big Ben were made at The Whitechapel Bell Foundry (Picture: supplied)

If you were to believe everything you see on ITV1s drama Whitechapel, this east London neighbourhood, cast perpetually in darkness, is rife with serial killers copying historic murders. On top of this, its portrayed as a maze of Dickensian alleys, disused warehouses and derelict churchyards, hardly changed since Jack the Ripper stalked its streets in the late-19th century. Thankfully the reality is very different. Crime levels are on a par with other parts of inner London, and the streets are open rather than claustrophobic, save for a few historic passageways.The area grew up along the ancient route, now the A11, linking London with Essex and onwards into Europe via Harwich. Once docks had been built in the 19th century linked to the City via Commercial Road a wide variety of industries moved in, with different scales of manufacturing taking place in factories, workshops and homes. Whitechapel was known for sugar-refining, brewing, tob-acco and engineering, and more recently for clothing. The Whitechapel Bell Foundry in Whitechapel Road is Britains oldest manufacturing company, established in 1570 during the reign of Elizabeth I. In 1752 the Liberty Bell was cast there and became a symbol of American Independence. Undoubtedly the most famous bell made there is Big Ben, which is also the biggest. As manufacturing grew across the East End, so did the population. Working-class families were crammed into overcrowded, filthy slums and Whitechapel became infamous for poverty, prostitution and crime. Its reputation certainly wasnt enhanced by the Whitechapel murders, which took place between 1888 and 1891 and are still unsolved.

Grade 1 listed Trinity Green Almshouses at Mile End Road in Whitechapel. BAJTE4

William Booth founder of the Salvation Army and social reformer and missionary Canon Samuel Augustus Barnett, were both instrumental in helping the areas poor. Todays Whitechapel is a very different place: buzzy, multicultural and creative. The Jewish community established by refugees who arrived in the 1870s to work in the rag trade has moved out to the suburbs and Bengalis have taken their place. The neighbourhood is renowned for its alternative music and arts scene: its cultural centre is The Whitechapel Art Gallery, showcasing 20th-century and contemporary art. Open since 1901, its also one of
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Londons few and survive unscathed from the World War II bombs that devastated much of the surrounding area. Pockets of elegant, four-storey Georgian houses remain intact and are highly sought-after by buyers who cant afford neighbouring areas or are discovering Whitechapel. Properties are predominantly Georgian and Victorian terraces, some warehouse conversions and newbuild blocks on the Aldgate side, says Natalie Hall of Fyfe McDade estate agents. Couples and families move here because they cant afford a Georgian house in Spitalfields, or have been priced out of London Fields or Victoria Park in Hackney. The closest youll get to a Spitalfields house is in Turner Street, while Sidney Square and Stepney Green are also popular. Most people dont know Whitechapel beyond the busy roads that run through it, yet there are some lovely houses and, unlike in Shoreditch, its still possible to find textile warehouses that havent yet been converted. Its very convenient a ten-minute walk to the City or Spitalfields and the opening of Crossrail in 2018 will reduce journey times. One-bed flats cost from 250,000, two-beds from 375,000 and four-storey Georgian houses from 850,000. Its definitely an area to watch.
Commercial Road, Whitechapel, London. B40R4N Whitechapel station is on the Tube and Overground network, in Zone 2, and an annual travelcard covering Zone 1 costs 1,216. When Crossrail arrives it will become a transport hub, and agent Knight Frank is forecasting that property prices will rise by 25 per cent.

Proximity to the City and trendy Shoreditch ensures a strong rental market, and rents on one-bed flats start at about 1,100 a month, and 1,400 for two bedrooms. Price tags for new builds on the fringes of the Square Mile are aimed at those on City salaries. Redrows One Commercial Street is an 80m tower of studios, apartments and penthouses, from 720,000 for a twobed, 14th-floor apartment. Altitude, a joint venture by Barratt London and L&Q, is a 27-storey tower in Whitechapel High Street comprising one-, two- and three-bed flats and penthouses. Prices start from 690,000 for a two-bedroom apartment. The largest development is Goodmans Fields in Leman Street, a mixed-used scheme by Berkeley Homes which, when completed, will have more than 920 studio, one-, two and three-bedroom flats and penthouses. Three-bed flats are available, from 2.15million. The quirkiest new home has to be a three-storey property on Steels Lane, built to resemble a Victorian warehouse using old bricks: its on the market at 850,000, through Fyfe McDade. MORE: The run of the East End: fitness freaks will love East City Point, E16 Council tax rates can be obtained from www.mycounciltax.org.uk Property

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Reproduced by Gorkana Group under licence from the NLA (newspapers), CLA (magazines), FT (Financial Times/ft.com) or other copyright owner. No further copying (including printing of digital cuttings), digital reproduction/forwarding of the cutting is permitted except under licence from the copyright owner. All FT content is copyright The Financial Times Ltd. Article Page 5 of 5 270318546 - JACTIN - A17287 - 1