Affordable canalside living for first timers in Paddington

A Central London location, fantastic transport links and a canalside residence - many first time buyers would be surprised to know that they can afford such a property in Paddington Basin.

Here, Octavia Housing is providing a collection of one bedroom apartments overlooking the Grand Union Canal from just £98,000 for a 25% share through shared ownership.

Named the Grand Union Apartments, the new homes are set in a 16-storey residential building in Merchant Square, at the heart of one of London’s most glamorous development projects, Paddington Waterside. Planned as the capital’s premier residential, commercial, leisure and retail quarter, Paddington Waterside is transforming the old Paddington Basin into a hub of contemporary urban living.

Andy Warman, Assistant Director at Octavia Housing, commented: “Grand Union Apartments truly is a fantastic development for first time buyers looking for a property in Central London. The location is second to none and the canalside setting helps to create a real community feel around Paddington Basin.”

Providing contemporary style fitted kitchen cabinets, dark granite effect work surfaces and fitted appliances including electric oven and hob, fridge freezer, washing machine and timber effect laminate floor to kitchen, halls and living room while bedroom and living room windows come with fitted blinds. Bathrooms come complete with contemporary style white bathroom suite, enameled steel bath, thermostatic shower over bath and heated towel rail.

Grand Union Apartments enjoy a canalside setting close to the shops and restaurants that are transforming this corner of Paddington into a truly stylish destination.

Merchant Square is an elegant open space fronting the moorings where corporate and retail barges will berth alongside private boats to provide a bustling waterfront community. Grand Union Apartments is also within walking distance of Marylebone with its boutique shops and restaurants and Oxford Street with its wide range of luxury and high street brands. Green space is in abundance with Hyde Park and Regents Park nearby.

Edgware Road tube station is less than a five minute walk away and offers services to Marylebone for national rail services, Baker Street, Oxford Circus and Waterloo in less than 15 minutes on the Bakerloo Line and King’s Cross, Moorgate and Victoria in less than 20 minutes on the Circle Line. London Paddington is a short walk from Grand Union Apartments and provides regular rail services to the West of England and onto Wales.

Grand Union Apartments are available on a part-buy, part-rent basis, also known as First Steps. This means you buy a share in your home and pay a subsidized rent on the share that you don’t own. Prices start at just £98,000 based on a 25% share of the full market value of £392,000, priority will be given to those living and working in Westminster City Council.

For sales information, visit: stagnellfox.co.uk