Bigger means better value at Pier Road
Genesishomes understands that you can never have too much space in a home. That’s why its apartments at Pier Road, in North Woolwich’s historic Royal Docks, have been designed with size in mind, adding value to an already affordable home.
The 34 available two-bedroom apartments at Pier Road will easily accommodate the oversized sofas and widescreen TVs that are currently so fashionable. A king-size bed will fit easily in the bedroom, while spacious decked balconies are big enough for dining al fresco. But while the space might be big, the price is not: properties at Pier Road cost from just £59,890 for a 25% share – remarkable value for so much living space.
Genesishomes also understands the importance of a flexible floorplan. Unlike the layout of most affordable homes, which typically use open-plan designs to maximise space, a selection of Pier Road properties feature a separate kitchen, freeing up the living area for work or relaxation away from the clatter of pans and the smell of cooking. Some of the apartments even have a small separate laundry room.
Pier Road’s two-bedroom apartments measure up to 775 square feet and boast a luxury finish. Kitchens are equipped with dark walnut-coloured units and an Indesit electric oven, gas hob and integrated extractor hood. All apartments have key fob entry system, bicycle storage space and a wood-decked balcony.
Situated opposite the picturesque Royal Victoria Gardens, Pier Road is close to Canary Wharf’s 200 plus shops, bars and restaurants. Nearby Docklands and the O2 arena provide a variety of entertainment and leisure attractions while those who want to experience the serenity of some of London’s most idyllic parks - including Royal Greenwich Park - offer an escape from the buzz of London Docklands.
Pier Road is located less than a five minute walk from King George V DLR station which offers services to London City Airport, Canary Wharf, Stratford and Bank in less than 30 minutes. South of the River Thames can be reached by either the Woolwich foot tunnel, the Woolwich car ferry or by a three minute DLR journey. From Woolwich, national rail services allow you to get to Greenwich and London Bridge in 25 minutes. Crossrail is also due to arrive in 2017 providing fast access to central London and Heathrow.
All of the properties at Pier Road 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 bought, purchasers can also buy additional shares as and when they can afford to do so.
Prices start from as little as £53,890 for a 25% share in a two bedroom apartment based on a full market value of £215,560. For more information visit: genesishomes.org.uk
