A fresh view of apartments in Bow
Do you think that you are priced out of an apartment with views of some of the most recognisable London attractions? At Fairfield Quarter, a new development by Genesishomes, purchasers will be able to look out over the Olympic Village or London Docklands from just £41,000 for a 25% share.
This equates to around £700* a month, meaning a saving of over £250 a month compared to the average rental prices in E3 and purchasers will be making their first step onto the property ladder at an affordable price!
With average rental prices in E3 at £969 for a one bedroom apartment and £1,231 for a two bedroom apartment**, purchasers can make a significant saving when purchasing a property while benefiting from the long term effects of the Olympic legacy. Genesishomes is delighted to offer purchasers the chance to help create a new community in the thriving heart of East London at such an affordable price.
Fairfield Quarter is a collection of one and two bedroom apartments offering cool and contemporary living. The living area, bedrooms and hallways feature luxurious carpets, while the kitchen and bathrooms have practical vinyl flooring. Stylish mod cons can be found in the bathroom such as a thermostatic bath and shower and an integrated oven, hob and extractor hood in the kitchen. A selection of apartments boasts a spacious balcony offering stunning views of the Olympic Village, Canary Wharf or the internal landscaped courtyard.
Located minutes away from Bow Church DLR station, Fairfield Quarter allows residents to experience life in the vibrant, trendy heart of London’s East End. Situated between Canary Wharf and Stratford, Bow benefits from a great deal of investment on two fronts. The ever expanding Docklands offers a great selection of shops, bars, restaurants and leisure opportunities while Stratford, the centre of the 2012 London Olympics will boast one of the largest shopping centres in the country in the form of the new Westfield.
Bow offers fantastic transport links in the form of the DLR, District and Hammersmith and City tube lines. Canary Wharf and Stratford are less than ten minutes away by DLR while the District line offers services to Westminster, Sloane Square, Canon Street and Victoria in 40 minutes. Residents can be in the City in moments on the Hammersmith and City Line while Kings Cross, St Pancras and Paddington train stations offers services to national and international destinations.
All of the properties are available on a shared ownership (part-buy/part-rent) basis. This allows people to buy a share in the property and pay a subsidised rent on the rest.
To be eligible, this must be the buyer’s first property purchase or their only home. Their household income must be less than £60,000 and they will need savings of around £3,500, to cover moving and legal costs.
Once purchasers have bought, they can also buy additional shares if they wish, as and when they can afford to do so.
Prices start from as little as £41,000 for a 25% share in a one bedroom apartment at Fairfield Quarter based on a full market value of £164,000. For more information visit: genesishomes.org.uk
* These figures include a monthly mortgage payment and service charge based on purchasing a 25% share. Figures used in this release are for illustration purposes only and may vary depending on your personal circumstances.
** According to findaproperty.com
