Penthouse living for first time buyers in East London
Genesishomes is offering first time buyers the fantastic opportunity to purchase an impressive two bedroom penthouse at Forbes House, Forest Gate, East London. The spacious penthouses are perfect for couples, friends or siblings, who are looking to buy together as well as being more affordable than they realise.
To purchase a two bedroom penthouse at Forbes House through shared ownership, the minimum joint income required is just £31,000. That‘s the equivalent to two people earning £15,500 a year each. Measuring up to 85 square meters, the penthouses offer more than enough room for couples to live comfortably together while having their own space.
Style and sophistication is expressed at the penthouses in Forbes House through expansive picture windows which give apartments a bright and airy feel as well as views as far south as Greenwich. All apartments have the added benefit of either a balcony or Juliette balcony. Kitchens are fully fitted with Indesit stainless steel electric oven, gas hob and integrated extractor hood, black granite work tops and low energy spotlights. Expansive living rooms come equipped with TV/FM/Sky points (subject to registration with Sky) while all apartments have a key fob entry system.
Situated a few minute’s walk from one of the most exciting places in London, Stratford, Forbes House is in a great location. The area will benefit from 2.9 million square feet of retail and leisure space, as well as 180,000 square feet of community facilities all of which will form the centre of a community once the euphoria of the Olympics has passed.
Forbes House has excellent transport connections with Forest Gate train station, with a direct link to Liverpool Street in as little as 13 minutes, just a short walk away. Nearby Stratford station offers journey times to Canary Wharf and Central London in just 15 and 20 minutes respectively. For those wanting to travel further afield City Airport is a mere 26 minutes away.
All of the apartments at Forbes House are available through shared ownership, a scheme which has been designed to help fist-time buyers get on the property ladder. The scheme is open to anyone who doesn’t already own a property and is unable to buy a home on the open market. You can purchase between 25% and 75% and you can increase your share at any time, all the way to 100% and outright ownership. Your household income must be less than £60,000 per annum and you will need savings of around £3,500 to cover moving and legal costs.
Prices start from £68,750 for a 25% share in a two bed penthouse based on a full market value of £275,000. For more information, visit: genesishomes.org.uk
