Hello, just though I'd chip in - I'm a Leytonstone resident.
The Standard article t'other week was mainly about Leyton, which sort of sits between Walthamstow and Leytonstone. I'm no fan of Walthamstow. I find it a very run down and grubby place. Leyton has improved a lot in recent years but is still pretty shabby.
We've been in Leytonstone for nearly a decade, having been priced out of Bethnal Green where we lived for years. We knew quite a lot of people who lived in E11, so we had a look and liked it. House prices were very cheap then - 150k or less for three beds was typical! Why is it so cheap? I don't know. It certainly has a lot going for it:
Good points:
Loads of open space (wanstead flats)
Very friendly - we know all our neighbours. Strangers actually say hello in the street.
Much more central than you might think; 20-ish minutes to Tottenham Court Road on the central line. It's nearer 'town' than Ealing. I cycle to work in The City every day. Takes about 25 minutes. I've even walked it a few times.
Lots of cultural events - especially Leytonstone Festival and Leytonstone Arts Trail.
Some decent restaurants - Singburi, Mudra and The Olive.
A couple of cracking pubs: The North Star and The Red Lion which hosts a craft and vintage market every other week.
It feels safe.
The council has spent a lot of money doing up the public realm on the High Road and Cann Hall Roads - both look much better.
There are signs the place is gentrifying. Met quite a few people priced out of Hackney, Bethnal Green, Bow and Stoke Newington who have moved to the area. Lots of houses being 'done up'. The pebbledash and stone cladding effect seems less common in Leytonstone than in Leyton - though there are plenty of tastecrimes right enough.
Bad Points:
Parts of the High Street are very run down.
Traffic can be a nightmare.
Severe lack of decent shops.
I'm afraid I don't know about schools - we're hoping to leave London before our little lad is at school age, but I have been told that the primaries in our area are good.
The 'best' (It's all relative) areas are Bushwood and Upper Leytonstone, both very handy for the tube station Lots of quiet residential streets of medium to large houses. Pretty sure 350K would get you a property in these areas - it would definitely get you one in the Cann Hall area, which is where we live. Full of typical Victorian London terraces.
Has the area improved in the ten years we've been here? Undoubtedly. Would we move here again? Certainly. No regrets at all.
I hope this helps - any questions, ask away!