City living that won't break the bank

If you are one of many Londoners who feels priced out of the property market, you would be surprised to learn about a stylish collection of new apartments available in Bow from just £52,500.

The cool and contemporary new development by Family Mosaic, offers just 8 chic one, two and three bedroom apartments located in one of the most popular, vibrant areas of London.

Named Mojo, the development offers couples, families and commuters the opportunity to purchase an affordable property which is superbly placed for the City, Docklands and 2012 Olympic Park.

Available through shared ownership, purchasers are able to own their own new home for just 25% of the sale price. For example, the sizeable three bedroom apartments are priced from just £67,500, 25% of the full value of £270,000. Compared to average prices for a three bedroom property in Bow of £359,000 this is an incredible saving.

Chris Roads, Sales and Marketing Director at Family Mosaic, comments: “Mojo offers purchasers a fantastic opportunity to live in a stylish, new development in one of the most cosmopolitan areas of London.”

“It is quite common for buyers to not realise that shared ownership properties often have superb locations and specifications. This is certainly the case at Mojo, where apartments have been designed to a specification that rivals those on the open market. For those who want to see for themselves, all they have to do is give us a call and register their interest.”

Within easy walking distance of Mojo there are plenty of shops catering for everyday needs and the nearby Roman Road has an authentic East End market vibe. For shopping enthusiasts, there are the upmarket shopping malls at Canary Wharf, or the excellent shopping centre at Stratford, both a couple of miles from Mojo. The area is also set to benefit massively when, in 2011, the largest urban shopping centre in Europe, Westfield Stratford City, opens for business.

Commuters will benefit from underground stations within walking distance from Mojo including Bow Road (District, Hammersmith and City) Mile End (Central Line) plus the added convenience of Bow Church for the DLR.

To be eligible for an apartment, purchasers will need to be living or working in East London Boroughs, have a household income of less than £60,000 and purchasing an apartment as their first and only home.

Prices start from £52,500 for a 25% share based on a full market value of £210,000. For further information, visit: familymosaicsales.co.uk