Searching for a cheaper place to live in the East End? Check out Poplar, a residential district close to Canary Wharf. Quiet and modest neighborhood, it recently began gaining popularity among young professionals and students.
Some time ago, Poplar was an area where dock workers used to live. As you can expect, it was not popular among wealthier residents of London, and Poplar was considered to be poor, overcrowded, and scruffy. Now, this area is going through gentrification and changing, although at a bit of a slow pace. Some experts say that it might become the trendiest East End spot in a few years, so it might be the best time to invest in property here.
All street food fans should head straight to the Chrisp Street Market, where they can find vendors selling all kinds of international food. In Poplar, you can also find many cozy and low-key pubs and restaurants with beautiful river views.
As one of the residential districts with a humble past, Poplar does not have many tourist attractions, but it can provide everything that’s needed for its residents. For example, the vibrant Chrisp Street Market, where you can buy everything from fresh fruits and vegetables to clothing and books. If you love street art, take a walk down Trinity Buoy Wharf to see some of the best works of local artists.
Poplar is well-connected to the other parts of London thanks to a couple of buses, Blackwall Tunnel, which allows for easy passage by car, and a train station. What’s more, it’s within walking distance from Canary Wharf, one of the biggest financial centers in Europe, constantly filled with white-collar workers.
|Rent Price||Apr||vs Last Month|
|1 bed rentals||£1,367||+8.8%|
|2 bed rentals||£2,452||-11.3%|
|3 bed rentals||£3,184||+32.7%|
|4+ bed rentals||£1,986||+37.4%|
Over the Apr 2022, the average rent for an apartment in/near Poplar, London, UK increased by 7.2% to 2.224 £.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at 1.367 £ with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you 2.452 £. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for 3.184 £. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around 1.986 £ for a big-family home.
|Rent Type Price||Apr||vs Last Month|
Looking at the median rent price for an apartment in Poplar, London, UK, you can note that it remains flat with a price tag of 2.319 £. The median rent for a house is still 2.320 £ with no significant changes this month. The median rent for a loft did not face significant changes this time, it now still goes for 1.494 £. If you’re looking for a room, the price tag still starts at 788 £. The median price did not change this time.