£1.35 million awarded to Waltham Forest as First Borough of Culture

 

Waltham Forest council is £1.35 million richer and now dubbed the inaugural 'First Borough of Culture' for 2019. That's not bad considering the bids of the other 22 boroughs who competed for the title. Of course this wouldn't have been possible without the 12,000 locals who supported our borough, Waltham Forest. The London Borough of Brent was the runner up and will reap its reward in the following year, 2020. The plans for an instillation at the Walthamstow Marshes called 'Molecules in the Marshes' by local artist Zarah Hussain will involve every school and a two day Alfred Hitchcock festival in Leytonstone will help Waltham Forest make its mark on the cultural map on London.

 

An Evening Standard (ES) article comments on the reputation the Waltham Fortest has established since the artists were 'priced out' of inner London and claimed the likes of Walthamstow and Leytonstone becoming a home for creativity. Since winning the award, Waltham Forest has promised a year worth of cultural events including a £5 million boost for young people's access to cultural career paths.

 

Sadiq Kahn taking inspiration from other European capital of culture programmes has been a great advocate for London as a cultural landmark and initially launched the awarding June 2017. Mr Kahn seems to value the economy of culture and has committed an additional £1million of extra funding to invest in the next generation of creative Londoners. The council have set the ambitious target of getting 85% of households involved and are aspiring to attract half a million visits. 2019 is only the beginning. Listen out for artist Bob and Roberta Smith who will write an new manifesto for the future of our borough's culture.

 

Another ES article links arts with house price growth. It also refers to Savills researching stating that the average house price in Waltham Forest is now £462,000, a rise of 82 per cent in the last decade. The 20 wards of Waltham Forest have been analysed and Hoe Street has reported to have undertaken the greatest price growth of 122 per cent in a decade with average property values rising from £248,000 to £552,000.

 

Have a look how the other wards' average house price growth (excluding new builds) stack up on this table also found in the ES article.

 

Ward name

Average second hand sale price, 2007

Average second hand sale price, 2017

10 year change in average second hand sale price

Hoe Street

£248,385

£551,823

122.20%

William Morris

£230,983

£509,749

120.70%

Wood Street

£249,164

£516,396

107.30%

High Street

£230,424

£477,533

107.20%

Markhouse

£230,385

£475,083

106.20%

Grove Green

£233,094

£475,137

103.80%

Lea Bridge

£209,547

£409,229

95.30%

Higham Hill

£215,196

£419,135

94.80%

Chapel End

£231,853

£450,744

94.40%

Forest

£258,106

£483,749

87.40%

Cann Hall

£232,901

£435,533

87.00%

Leyton

£227,146

£411,995

81.40%

Leytonstone

£280,888

£500,016

78.00%

Hale End & Highams Park

£283,607

£501,291

76.80%

Hatch Lane

£267,583

£471,664

76.30%

Cathall

£240,966

£412,401

71.10%

Larkswood

£246,448

£402,354

63.30%

Endlebury

£292,403

£463,181

58.40%

Chingford Green

£318,991

£499,847

56.70%

Valley

£243,626

£375,966

54.30%

 

Watch a video of Sadiq Kahn making the announcement here.

 

#WFCulture19

 

Published on 01 April 2018

Source Wonderlease

Written by Marc Cohen

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