Affordable homes for larger families
Shared ownership may be the solution for nearly a third of parents who would like more space for their growing families. According to thisismoney.co.uk 29% would like a larger property to accommodate the size of their family.
With 936 sq ft of living space, the Genesis apartments at Glasshouse in Shadwell offer genuinely affordable family-sized homes. It is hard to believe that these stunning apartments are available on a shared ownership basis. You can move into a three bedroom apartment from just £77,500, a fraction of what you would have to pay in the open market for a similar property.
Located midway between the City and Canary Wharf, the apartments are flooded with natural light and have been well designed with wide, welcoming entrance halls and plenty of storage space to contain all the essentials of family life.
The floor to ceiling French doors open onto a balcony, accessible from both living room and bedroom, which is large enough to accommodate a table and chairs, providing valuable additional living space and somewhere for little ones to play. The bedrooms have generous proportions and are easily large enough for a king-sized bed, as well as a dressing table or chest of drawers.
The interiors at Glasshouse boast high quality finishes, including oak laminate flooring and carpets. The stylish kitchens are fully fitted with integrated appliances, cream gloss-finished cabinets and granite effect worktops.
Parents will also welcome another attractive feature - the private landscaped courtyard which provides a safe place for children to play.
It’s not just the size of the apartments that make Glasshouse perfect for families. It’s also extremely convenient for commuters, being less than a ten-minute walk from Limehouse or Shadwell DLR stations, from where it is only a five minute journey to Canary Wharf or Bank. At the same time the development is close to the River Thames with its water sporting facilities and the King Edward VII Memorial Park with its children's play area, bowling green, all weather football pitch and tennis courts.
Glasshouse is available to anyone who does not already own a property and is unable to buy a home on the open market. Three bedroom apartments start from £77,500 for a 25% share, based on a full market value of £310,000. Buyers can purchase between 25% and 75% and can increase their share at any time, all the way to 100% and outright ownership. The total household income must be less than £77,200 and ideally purchasers will have savings of around £3,500 to cover moving and legal costs.
Also available are one bedroom apartments at £55,000 for a 25% share, based on a full market value of £220,000 and two-bedroom homes start at £70,000 for a 25% share in a property worth £280,000. The total household income must be less than £64,300 per annum for the one and two bedroom homes.
For more information, visit genesishomes.org.uk.
