Get ahead of the re-generation game in Canning Town
Canning Town is transforming into a thriving new community for local residents and businesses thanks to £3.7 billion worth of investment.
The comprehensive regeneration of the area will result in over 30,000 square metres of retail, leisure and office space as well as thousands of new homes. At the St Luke’s Square development by Genesishomes, first time buyers can take advantage of all the new facilities and amenities coming to the local area.
St Luke’s Square offers a selection of spacious apartments that will appeal to families and professionals looking to make the most of the new and improved schools, health and community facilities, local jobs and better transport connections that are being created by the regeneration of Canning Town.
A selection of the 43 apartments have two bedrooms and two bathrooms – rare in the affordable homes market. And affordable is the word: under Genesishomes shared ownership scheme, a home at St Luke’s Square costs from only £45,000 for a 25% share – remarkable value for a truly desirable home in an area that is set to soar to success on the back of the Olympics.
Residents of St Luke’s Square will be in a fantastic position to make the most of the euphoria of the 2012 London Olympics, as Stratford is only nine minutes away by Tube. Once this euphoria has died down, they will be able to benefit from the long-lasting Olympic legacy – from the brand new Westfield shopping centre to cinemas, schools, cafes and sporting venues.
The apartments are generous in size, measuring up to 64 square metres. They offer a fitted kitchen in white high gloss with laminate doors and drawer fronts with satin chrome bar handles. The kitchen is finished with graphite-effect worktops. Appliances include a stainless steel electric oven and a hob with an extractor hood.
Each apartment has large picture windows which allow natural light to flood into the living areas. Some also offer stunning views of the Millennium Dome and the London Docklands.
Most apartments feature timber-decked balconies and all have TV/FM/Sky points in the living room and bedroom. Bathrooms feature an over-bath shower, wide wash basin with monobloc chrome-plated mixer tap, chrome towel rail and a large mirror over the basin. En-suite shower rooms feature a thermostatic surface-mounted adjustable shower and full-height ceramic wall tiles.
Canning Town Tube station is just a five-minute walk from St Luke’s Square, offering direct services to Stratford, Canary Wharf and Bond Street on the Jubilee Line and London City Airport and Bank on the DLR. Aldgate, and Bethnal Green can be reached by frequent bus services.
All the properties at St Luke’s Square 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 when they can afford to do so.
Prices start from as little as £45,000 for a 25% share in a one-bedroom apartment based on a full market value of £180,000.
For more information, visit: genesishomes.org.uk
