With the launch of the highly anticipated Elizabeth Line next year drawing closer, house prices around Crossrail host stations which have already increased by 31%, are predicted to increase a further 3.3% per year[i]. In particular, property values in the E14 postcode have increased by over 40% in the last five years, compared to just 31% across the rest of London. Aspiring homeowners looking for an affordable step onto the property ladder in this dynamic East London quarter, will be pleased to discover Notting Hill Genesis’ latest collection of Shared Ownership apartments at Able Quay Millharbour, coming soon to E14. Nestled on the Isle of Dogs, purchasers can enjoy a high-quality home with effortless access to unrivalled transport links, within one of London’s newest cosmopolitan villages.
Shared Ownership offers aspiring buyers the opportunity to buy a share of a home’s value, between 25% and 75%, while paying a subsidised rent on the remaining share. The lower deposit level required with the Shared Ownership scheme, means buyers need only put down a deposit on the share they purchase and not the full market value of the property. Shared Ownership also means you can become a home owner with a lower level of savings than if you were to buy the same home outright. Shared owners can also choose to buy additional shares on their property as and when they can afford to, right up to 100%.
Boasting a striking premier riverside location, the first phase of homes at Able Quay Millharbour comprises an impressive collection of 28 one and two-bedroom apartments. All ofthe homes are located within Galliards Harbour Central building, one of five residential buildings that make up the overall development, and creating a dramatic addition to Canary Wharf’s skyline. With the community at its heart, the development will feature a number of landscaped green spaces with a sunken garden and water feature with a further raised podium garden, providing an ideal retreat to escape to. Ideal for busy London lifestyles, each apartment has been carefully designed to offer residents a high specification throughout, with all of the homes also featuring spacious outdoor areas in the form of a balcony, terrace or direct access to the courtyard.
Jim Munson, Head of Marketing at Notting Hill Genesis, comments: “We are thrilled to be launching our new homes at Able Quay Millharbour, and delivering further high-quality and affordable Shared Ownership housing in the London Borough of Tower Hamlets. This part of East London has seen robust price growth over the last few years having seen extensive regeneration. With Crossrail services due to start in 2019, it will only further increase the popularity of this district, making the homes here a fantastic prospect for buyers with an eye on the future.”
Residents at Able Quay Millharbour are well placed to enjoy all the area has to offer. Only a 10-minute walk to the thriving centre of the London Docklands at Canary Wharf where there is a huge variety of shops, restaurants, bars and an abundance of green spaces to enjoy. Located in zone 2, commuters benefit from superb transport connections across London. Both South Quay and Canary Wharf DLR stations are a short walk from the development, connecting residents to Bank station in only 11 minutes. Via the Jubilee line, residents can reach Westfield Shopping Centre in around 10 minutes, or get to Bond Street in the West End in just 15 minutes.
For more information about the selection of homes available at Able Quay Millharbour or to register your interest, please contact Notting Hill Genesis on 020 3918 6912, or visit the website: www.nhgsales.com.