RESIDENTS have told how their market town is being ruined by a “hideous eyesore”.

       Locals in Walthamstow, northeast London, will soon be living in the shadow of two colossal high-rise buildings which are set to be completed within days.

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       One of the near-completed high-rise buildings in Walthamstow Credit: MyLondon/BPM 3

       Abdul Razzaq says the towers will be good for the community Credit: MyLondon/BPM 3

       Others say it looks like something out of Lord of the Ring Credit: MyLondon/BPM

       A two-bedroom apartment in one of the towers will set potential buyers back ￡585,000 - and residents are less than impressed.

       Some compare it to the Eye of Sauron in Lord of the Rings, while others say they look like something Tom Cruise would abseil down in Mission Impossible.

       One local, Clive, told MyLondon: "Before it was a bit of green land and somewhere people took their kids.

       “But that’s always the way in London now - any little square of green space developers want to concrete over.

       "It won’t even benefit ordinary people here as it’s so expensive. The working class of Walthamstow will lose out once again."

       However, others think the towers will be good for the area.

       Abdul Razzaq, 30, who runs a fruit stall in the market, said: "In the future when the tenants move in it will be good for business.

       “Overall it’s a good thing for us and the community."

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       "The area needs more positive investment, and Londoners in general need more places to live.

       “As long as the development is finished and people are actually living there I don’t see a problem with it."

       It comes after residents of one seaside town said that posh out-of-towners are pricing them out and turning the area in "Chelsea-on-Sea".

       Others said that their village is being turned into a "ghost town" as posh second home owners snapping up properties mean that locals can't afford to buy.

       Developers Long Harbour say they worked closely with Walthamstow Council throughout the process.

       It claims many of the apartments are available for discounted market rent.