Speedy shared ownership buyers better move fast in growing London market
The average price for a home in London surged to £600,000 for the first time in April, rising 11% in the last 12 months, according to the latest House Price Index from Your Move and Reed Rains. These fast rising values are already leaving many buyers priced out of the market, but savvy house hunters could take advantage of Shared Ownership to get the London pad they want, at an affordable price. This is exactly what’s on offer at Jessops at New Providence Wharf, E14, where Genesis has a selection of apartments available to move into immediately from just £101,475 with its popular Shared Ownership scheme.
Through Shared Ownership, buyers can purchase between 25% and 75% of the property, paying subsidised rent on the remainder. Residents can then increase their share at any time, all the way up to 100% and outright ownership. Just a few one and two bedroom apartments remain at Jessops, so for those hoping to get on that first rung soon, buyers shouldn’t delay.
The final two bedroom apartments at Jessops boast spacious open plan living, dining and kitchen areas with full height windows that fill the rooms with light. Kitchens come fitted with contemporary units, inclusive of granite worktops and integrated Bosch appliances, including a dishwasher and washing machine. Bedrooms are light and airy, while the bathrooms come fully tiled finished with modern white sanitaryware and chrome fixtures and fittings.
Commuters will be ideally placed at New Providence Wharf, with access to a superb range of local transport options. Just a few minutes’ walk from home, East India DLR station offers quick and easy access to Bank in 13 minutes and Canary Wharf in six, making the new homes perfect for both City and Canary Wharf workers. Canary Wharf station provides London underground connections across the city, and from 2018 will be home to Crossrail. Several bus routes also operate in the local area, with destinations including Trafalgar Square, Stratford and Highbury & Islington.
For leisure amenities, residents are well located, with Canary Wharf’s three shopping centres offering high end and high street brands, and a range of bars and restaurants within walking distance from home. Less than 10 minutes away by train is Westfield Stratford City, boasting over 500 shops, a casino, bars and restaurants.
Across the river, the O2 Arena boasts one of the largest live venues, home to various sports and entertainment shows, as well as a choice of bars and restaurants, cinema and the famous Indigo2 nightclub. Closer to home, New Providence Wharf is becoming a destination in its own right. The area is bustling with an array of eateries and bars, hotels and leisure facilities.
Prices at Jessops start from £121,250 based on a 25% share or the full market value of £485,000 for a two bedroom apartment. To register your interest and for more information visit genesishahomes.org.uk.
