Fresh start for first time buyers at Fairfield Quarter

Shared ownership is proving to be a more popular choice for young first time buyers looking for an easier way onto the property ladder. With developments like Fairfield Quarter offering great value for money, taking that first step to owning a property could not be easier or more affordable.

Located in the fashionable district of Bow, Fairfield Quarter has a lot to offer and with prices starting from just £52,813 for a 25% share, the opportunity to purchase is open to a wide range of buyers.

First time buyers will be impressed with the specification at Fairfield Quarter; numerous mod cons have been provided to make purchasers feel at home. Kitchens come complete with integrated stainless steel oven, hob and extractor fan, dark walnut wall units and ceramic splashback tiles. Bathrooms have everything buyers will need with a thermostatic controlled shower over bath, shaver socket, vanity mirror and heated towel rail. Each apartment also comes with a fitted smoke detector; security entry system, bike storage and a selection of apartments have balconies.

The fashionable district of Bow has plenty to offer new residents; from old, traditional pubs on Bow Road to more contemporary watering holes on Roman Road. Fairfield Quarter is in an ideal position to benefit from the great selection of restaurants and cafes in Bow while Brick Lane, Canary Wharf and Stratford are nearby.

For shoppers, the locally renowned Roman Road market will provide a real East End experience while the 200 shops in Canary Wharf and the soon to open Westfield Stratford City, the largest urban shopping centre in Europe, will provide the latest high street and luxury brands.

Fairfield Quarter is in a fantastic location to take advantage of the green expanses of the 218 acre Victoria Park and the 90 acre Mile End Park which is home to a ‘Play Arena’ for children, an ‘Ecology Park’ consisting of a lake, ecology building, wind turbine and climbing and a sports park including the Mile End Stadium. There is also an extreme sports centre and an electric go-kart track.

Fairfield Quarter is close to Bow Church DLR station providing services to Canary Wharf, London City Airport and Greenwich; Bow Road underground station for the District and Hammersmith and City lines for destinations including Liverpool Street, Kings Cross St Pancras, Baker Street, Westminster, Wimbledon and Richmond. A little further away is Mile End offering services on the Central Line to Bank, Holborn, Oxford Circus and Bond Street.

All of the properties are available on a shared ownership (part-buy/part-rent) basis. This enables 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 as and when they can afford to do so.

Prices start from as little as £52,813 for a 25% share in a one bedroom apartment at Fairfield Quarter based on a full market value of £211,250.

For more information, visit genesishomes.org.uk