Affordable heaven at London Docklands
There is a common misconception that to live in the Docklands you will have to pay heaven and earth, however, Genesishomes highlights that co-habiting couples don’t have to pay over the odds to live in their eye catching development Indescon.
The collection of two bedroom apartments, starting from just £85,000, means that residents will pay around £1,275 a month! With the average rents in the area being a little over £1,765*, purchasers are able to make a significant saving.
Many first time buyers do not realise that they too can afford the best in Docklands style living. Through shared ownership purchasers will pay just £1,275 a month, a saving of just under £500 a month compared to the average local rental prices. At Indescon, two bedroom apartments are available to those who have a minimum joint income of £38,200 while single buyers who have a minimum income of £33,400 will be able to own an affordable, contemporary apartment, just minutes away from Canary Wharf!
The two bedroom apartments offer a desirable specification to compliment the enviable address. All apartments have balconies, broadband, video door entry system, TV/FM/Sky points and bicycle storage. Bathrooms come with chrome heated towel rail, large sunken vanity mirror, thermostatically controlled shower over bath and full height mosaic effect white ceramic tiling.
Kitchens are equipped with Baumatic ceramic hob and electric oven with stainless steel splashback, black granite worktop finish and a slate tile effect floor. Living areas and hallways are finished with engineered laminate flooring while bedroom are fitted with neutral carpets.
Indescon is located in one of the most popular and thriving communities in London. Situated just ten minutes walk from Canary Wharf, residents will be able to benefit from over 200 shops, bars and restaurants. The River Thames Walk offers an escape from the buzz of the Docklands, while Royal Greenwich Park is a short DLR ride away and provides 183 hectares of green space including a small herd of deer and picturesque rose garden.
Indescon is in the ideal pace for transport connections, South Quay DLR is a five minute walk away with services to the City in just 14 minutes and Stratford in 17 minutes. Canary Wharf has connections to the Jubilee Line where destinations include London Bridge, Waterloo, Westminster and Bond Street in a little more than 25 minutes. For those looking to travel abroad London City Airport is only 20 minutes by DLR.
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 £85,000 for a 25% share in a one bedroom apartment at Indescon, based on a full market value of £340,000. For more information visit genesishomes.org.uk.
*According to findaproperty.co.uk.
