The cost of an average home in Walthamstow has more than doubled in the past five years, new research has found.

House prices in the area have risen sharply across post districts close to the Olympic Park since London 2012, with E17 seeing the biggest property value increases.

In September 2012, the average property in Walthamstow would set a potential homebuyer back £238,348.

However, a study by Halifax bank has found in April this year, the average home in the area is now priced at £479,421- a 101 per cent increase.

The hike in values outstripped the rest of east London over the same period, where the average value of a home has risen 64 per cent from £286,683 to £470,687 over the same period.

East London and West Essex Guardian Series:

Areas close to the Olympic Park are in high demand since London 2012

Across London as a whole, house prices have increase by 38 per cent since September 2012, while across the UK property values have gone up 19 per cent in the last five years.

Leyton was one of five other areas in east London to see the average price of a home rise by more than £200,000, alongside Homerton, Clapton, Shoreditch and Dalston.

Martin Ellis, a housing economist at Halifax, said major regeneration has boosted areas of East London.

He added: "Large scale infrastructure investment in the existing tube networks, an international rail station and now Crossrail have not only created jobs in the area, but improved options for people to move around the capital."