Thames views at affordable prices
For many, living in a home with striking views of the River Thames seems like a dream. However, having a view over one of the world’s most famous rivers on a clear, bright, sunny day can be yours at Pier Road, in North Woolwich, from just £53,890 for a 25% share.
The stylish new collection of 39 two-bedroom apartments, are set in two different blocks and offer spacious living at an affordable price. Most apartments come with separate storage cupboards while some apartments also have an individual room for a washing machine. A number of apartments have a separate kitchen while a selection come with a semi-enclosed kitchen / living / dining area.
Pier Road is finished to a very high standard. Each apartment has a stainless steel Indesit electric oven, gas hob and integrated extractor hood accompanying dark walnut coloured wall units and worktops in the kitchen as well as ceramic white tiling in the bathroom and a vanity mirror. All apartments feature key fob entry system, ample storage space, bicycle storage and at least one balcony.
Located within the historic Royal Docks, Pier Road provides modern, sophisticated living in an area steeped in history. The world’s largest enclosed docks were once a prime destination for ships from around the world bringing in luxuries such as cotton and spices. Today the docks have been transformed into an exciting array of leisure, educational and commercial establishments.
Nearby Canning Town offers state–of-the-art sporting facilities, while Royal Victoria Gardens and the stunning Thames Barrier Park offer acres of green space. For shopping, bars, restaurants and pubs, the O2 Arena, Canary Wharf, Blackheath and Greenwich are a short distance away.
King George V DLR station is a couple of minutes walk from Pier Road and offers regular services to Woolwich Arsenal, London City Airport, Canary Wharf and Bank in less than half an hour.
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 £53,890 for a 25% share in a one-bedroom apartment at Pier Road based on a full market value of £215,560.
