East London calling to first time buyers
East London has traditionally been seen as the home of the fabled London Cockney charm, sense of community and traditional market traders.
This wonderful character is now accompanied by trendy bars, fashionable boutique shops and multi cultural cuisine, not to mention the 2012 Olympics which will help to create an East London Legacy that will cement the area as the place to be in London. And with Genesishomes, first time buyers have a number of developments to suit everyone.
The homes are available through shared ownership, designed to help those who do not own a property get on the property ladder.
Buyers can purchase between 25% and 75% and can increase their share at any time, all the way to 100% outright ownership. Properties are available to anyone who does not already own a property and is unable to buy a home on the open market. Their total household income must be less than £60,000 per annum and ideally have savings of around £3,500 to cover moving and legal costs.
Whatever the reason for moving to East London, Genesishomes has the perfect home for anyone who doesn’t already own a property; Whitby House, located a short walk from Canary Wharf provides sophisticated apartments for those who want to be near the London Docklands, while Forbes House in Forest Gate offers stylish and spacious penthouses in the heart of London’s East End. Located a short distance from Stratford, Forbes House is in a fantastic position to benefit from all the Olympics and Olympic Legacy has to offer.
St Luke’s Square, Canning Town, is a collection of generously sized two bedroom apartments, two-bathroom apartments which are ideal for young couples looking for that extra bit of space. Some apartments offer stunning views of the Millennium Dome and the London Docklands. Each apartment has large picture windows which allow natural light to flood into the living areas. For those who want to be by the River Thames, Pier Road is the perfect solution; comprising 32 two bedroom apartments, these apartments measure up to 775 square feet allowing for plenty of room for all your belongings.
A culturally vibrant location offering a fantastic mix of lifestyles, shops, pubs, bars, restaurants, parks and markets, East London houses some of the capital’s favourite markets, from the flowers of Columbia Road to the largest selection of fish at Billingsgate Market. Spitalfields and Rathbone Market are also very popular with locals. For entertainment Bethnal Green and Brick Lane presents a plethora of trendy, funky restaurants, bars and music venues attracting people from all over London.
Canary Wharf, a stone’s throw from Whitby House, provides over over 200 high street brands including Waitrose, Bang and Olufsen, Hobbs, Karen Millen, Monsoon and Reiss; while Limehouse, one of London’s hidden gems, is also nearby with numerous bars, pubs and restaurants, the most famous of them being Gordon Ramsey’s riverside gastropub The Narrow. There is a wide selection of delicatessens and specialist food shops.
Stratford is set to become the place to go in London over the next year. As well as the new parks and green areas being created, the new Westfield shopping centre will become the shopping destination of the capital. Once the Olympics are over, a new East London Legacy will be created with fantastic sports facilities, homes and businesses. East London is also home to two historic football teams, Leyton Orient and West Ham United, who are set to move to the Olympic stadium.
Victoria Park, the oldest public park in Britain, offers 86 hectares of green open space, lakes and cricket pitches even a herd of deer and goats. Nearby to Victoria Park is London Fields which has London’s only outdoor heated 50 metre swimming pool, a cricket pitch, BMX track, tennis court and a table tennis table. The other notable park in East London is Mile End Park, which is made up of different elements including a children’s Play Arena and an Ecology Park featuring a lake, ecology building, wind turbine and climbing wall.
Prices start from as little as £45,000 for a 25% share in a one-bedroom apartment at St Luke’s Square based on a full market value of £180,000 and two-bedroom apartments start from £53,890 for a 25% share based on a full market value of £215,650 at Pier Road.
For more information, visit: genesishomes.org.uk
