Reach for the top with perfect penthouses at East City Point
Buyers at Centrum Apartments, part of Countryside Properties’ East City Point development in Canning Town, London E16, could get more than they initially bargained for: a luxury penthouse instead of a flat. That’s because, thanks to the Help to Buy scheme, purchasers who think they can only afford a standard apartment could find that a penthouse is within reach after all. And when it comes to buying property, it pays to aim as high as you can!
East City Point, comprising a mixture of apartments, penthouses and houses, is a major part of the visionary £3.7 billion regeneration project that is transforming Canning Town and Custom House. Occupying a prominent position in the scheme, Centrum Apartments include five stylish penthouses, two of which are still available — at a full purchase price of £210,000. But buyers can move in for just £168,000 under Help to Buy, because the scheme provides a Government-backed equity loan of up to 20% of the purchase price that is interest-free for five years and only a 5% deposit is required. Unlike many schemes, Help to Buy is open to everyone, not just first-time buyers. It is only available for primary homes, not second homes or buy-to-let investments.
Tony Travers, Managing Director of Countryside Properties comments: ‘Help to Buy has been very successful for us, and particularly at East City Point. In pressured times, our buyers welcome the significant financial help it provides, and as Centrum Apartments shows, it means that they can get more for their money than they thought possible.
‘A penthouse apartment is the ultimate urban pad, and at Centrum we have two available that are tailor-made for ideal city living. It’s hard to believe that you can trade up before you’ve even bought but thanks to Help to Buy, you can.’
The one-bedroom penthouses available at Centrum Apartments boast the style that you’d expect in a prime property. Kitted out so you can move straight in, the penthouses have flooring throughout and the kitchens come complete with integrated appliances; while the elegant bathrooms have semi-recessed basins, chrome towel radiators and dimmable recessed downlights. Outside is a full-length terrace of nearly 30 feet, making the most of the penthouse views.
The Jubilee Line and DLR call at nearby Canning Town station and allow travel to Canary Wharf and Stratford in just two stops and Central London in 15 minutes. The new DLR extension links to Stratford International Station for local services, as well as Eurostar services to Paris, Brussels and beyond. London City Airport is also nearby with direct connections to many UK and European destinations. There is huge ongoing investment to further improve transport links including a Crossrail station at nearby Custom House which is now on site and will be operational in 2017.
Road connections are good with the nearby A13 leading directly out of London to the M25, 12 miles east of Canning Town. The M11 is approximately six miles to the north of Canning Town via the A13/A406.
Once complete, East City Point will be a great place to live. Countryside Properties’ new homes make up just part of the development: at its heart will be a new, state-of-the-art primary school located on a traditionally designed yet contemporary-style London square with a roof garden, hall and dance studio.
The ambitious regeneration and redevelopment of Canning Town and Custom House includes the rejuvenation of the Royal Docks, which will provide a wide range of new amenities for East City Point residents. Nearby Rathbone Market will include a new library, cafés, shops and a health centre. There will also be a new town centre opposite Canning Town station, including a new Morrisons supermarket.
One bedroom apartments are also available within Centrum Apartments at East City Point starting from just £185,000 or £148,000 with Help to Buy. For further information, visit eastcitypoint.com.
