Home buyers in Stratford set to benefit from Crossrail
For first time buyers looking to take their first step onto the property ladder in east London, Stratford Halo is the perfect location. Just ten minutes walk from Stratford station, Genesis is offering a collection of brand new apartments through their shared ownership scheme. Those who take advantage and buy now are expected to benefit most from the boost that Crossrail will bring to the area in future years.
From 2017 Crossrail will travel from Maidenhead and Heathrow in the west to Shenfield and Abbey Wood in the east via new twin tunnels under central London. It will link Heathrow Airport, the West End, the City of London, Canary Wharf, the Royal Docks and Stratford, providing Eurostar international services to Paris and Brussels.
Two eastern routes of the ambitious project will pass through Newham - one via Stratford and another through the Royal Docks. It is hoped they will create a 'golden corridor' providing a huge boost to the economies on the route, providing thousands of jobs and homes for local people.
Prices at Stratford Halo start from £53,125 for a 25% share of a one-bedroom apartment, based on a full market value of £212,500. By taking advantage of the Genesis shared ownership scheme buyers can purchase between 25% and 75% and increase their share at any time, all the way to 100% and outright ownership.
Apartments are available to anyone who does not already own a property and is unable to buy a home on the open market. Their total household income must be less than £64,300 per annum for a one or two bedroom apartment or £77,200 for a three bedroom apartment. Ideally they should also have savings of around £3,500 to cover moving and legal costs.
Ideally positioned, the development provides first time buyers the opportunity to benefit from one of London’s best-connected locations, thanks to a huge investment in infrastructure; meaning residents can enjoy a speedy commute into central London, the City and Canary Wharf. It is served by the Jubilee and Central lines on the London Underground, the Docklands Light Railway and overland rail services, including the High Speed domestic rail services that will allow commuters to travel into central London in just seven minutes.
Stratford Halo occupies a prime position at the main entrance to the Olympic Park, alongside the Westfield shopping mall. Buyers stand to benefit not only from the Crossrail connection but also from the wide array of new amenities and improved transport links now on the doorstep as a result of the Olympic infrastructure.
New to the market are a range of one- two- and three-bedroom apartments in Opal Court and Ruby Court. Available in a variety of layouts, each home has spacious open plan living area and its own private outside space in the form of a balcony. The homes are finished to a high quality specification, including designer kitchens complete with Bosch appliances, and wood-strip flooring and carpets.
Stratford Halo is a mixed-use development comprising 704 new homes across five buildings, as well as retail, commercial and leisure space and workspace studios. It offers a wealth of features not usually associated with affordable housing including CCTV and a car club. Despite its convenient location, the development enjoys a peaceful riverside setting surrounded by landscaped grounds, which include a children’s play area and a riverside promenade. A range of other new facilities and amenities, including schools, hotels, parks and health centres, are planned for the wider area.
Prices start from £53,125 for a 25% share of a one-bedroom apartment, based on a full market value of £212,500. Two-bedroom homes start at £68,750 for a 25% in a property worth £275,000. Three-bedroom homes are priced from £87,500 for a 35% share, based on full market value of £350,000.
Visit genesishomes.org.uk for more information.