Affordable apartment living in London
Have you ever thought that a spacious two-bedroom apartment in London was out of reach? Buying an apartment in London doesn't mean you have to compromise on space.
Genesishomes knows that when it comes to buying your first home every inch counts - which is why the apartments at Fairfield Quarter, Bow and St Luke’s Square, Canning Town, have been designed with space, style and versatility in mind.
Not only does a second bedroom make a great guest room for friends and family, first-time buyers can also make their apartment their own by using the second bedroom in an alternative way. For example, the spare bedroom could be used as a dressing room; the perfect place to utilise space and store all your clothes. For those who like to play host, the second bedroom could be used as a dining room, ideal for entertaining.
Other options include creating a room in which to work, having a day-bed for reading or watching television, creating a games room or simply a chill-out room – a place where you can relax and unwind after a busy day.
Fairfield Quarter is a collection of one- and two-bedroom apartments in the heart of Bow, East London. They offer cool and contemporary living at an affordable price with views across to the Olympic Village. St Luke’s Square, in Canning Town, offers a selection of 43 spacious one- and two-bedroom apartments; some of which offer stunning views of the Millennium Dome and London Docklands.
Genesishomes has ensured all apartments are finished to a very high specification. At Fairfield Quarter, kitchens come with dark walnut finish wall units, Indesit stainless steel oven, hob and extractor hood and selected apartments come with balconies.
At St Luke’s Square most of the two-bedroom apartments have a separate bathroom and an en-suite shower room attached to the master bedroom. Most apartments also come with private timber-decked balconies.
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.
Meanwhile, Canning Town is experiencing £3.7 billion worth of investment to help transform the area and build 30,000 square metres of retail, leisure and office space. New and improved schools, health and community facilities will be created, as will more jobs for local people and better transport connections.
Both developments are situated a short distance from Stratford, the centre of the 2012 London Olympics. This area will benefit from the construction of one of the largest shopping centres in the country in the form of the new Westfield shopping centre, and the long-lasting effects of the Olympic legacy. Meanwhile, the ever-expanding Docklands area offers a great selection of shops, bars, restaurants and leisure opportunities.
Bow offers fantastic transport links in the form of the DLR, District and Hammersmith and City Tube lines, with destinations including Canary Wharf, Westminster and Victoria. Canning Town Tube station is a five minute walk from St Luke’s Square and offers services to destinations including Bank, Bond Street, Waterloo and London City Airport.
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 per annum 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 £54,813 for a 25% share in a two-bedroom apartment at Fairfield Quarter, based on a full market value of £219,250. Prices at St Luke’s Square start from £60,750 for a 25% share in a two-bedroom apartment at based on a full market value of £243,000. For more information visit: genesishomes.org.uk
