LIFESTYLE

Buyers ‘go big and go home’ with shared ownership at Royal Albert Wharf

Fractional ownership in its true form is a legal way to purchase a portion of a property. However, not all fractional ownership properties that are sold are what they appear to be

Buyers taking their first steps onto the property ladder are now 1.5 times more likely to make their first home their forever home[i]. Infact 39% of those surveyed say the financial pressures of saving a home deposit the first-time round, would mean that their first property would also need to be a future-proof one. Home hunters searching for an affordable route into their ‘forever home’, should look to Notting Hill Genesis’ striking new collection of three-bedroom riverside apartments and triplexes at Royal Albert Wharf, in London’s Royal Docks. Available to buy with Shared Ownership, buyers can purchase a three-bedroom home with a deposit starting from just £13,125.[ii]

Proudly occupying a place amidst one of East London’s most thriving districts, only 20 minutes from Canary Wharf via the DLR, Royal Albert Wharf forms part of a £3.7billion investment program transforming the landscape of the Royal Docks. Royal Albert Wharf delivers intelligently designed homes with spacious layouts, finished to a superior specification. The selection of three-bedroom Shared Ownership apartments and triplexes at Royal Albert Wharf, bring affordable luxury to a range of buyers. From city-dwellers who aspire to have more living space to enjoy, buyers looking to provide space for future new additions, or established families in need of accommodating their growing brood.

All of the apartments feature bright, open-plan living spaces with doors leading to private balconies. The three-bedroom triplexes enjoy large private terraces or patios, where purchasers can utilise this space for relaxing or dining. For those who like to make the most of the brighter and warmer evenings ahead, there is a network of communal gardens and public spaces to explore within the grounds of the development. The split-level living showcased in the triplex homes is particularly ideal for residents who desire space for entertaining friends or playtime with the children, alongside other members of the household who perhaps crave peace and privacy.  Open-plan kitchen/dining rooms are sleek in design, and offer a great space for enjoying an evening meal with family and friends, leaving the lounge free to relax in. One of stand-out features of the triplexes is the spacious and flexible space on the ground floor which hosts endless possibilities for owners – an office or study, a games room for children or a cinema room, an ideal space that leaves the main living accommodation free to escape to.

Royal-Albert-WharfJim Munson, Head of Marketing at Notting Hill Genesis, comments: “The three-bedroom triplexes offer any prospective buyers more than a standard newly built apartment. Each home has their own front door, and having the accommodation split over three floors makes these properties feel much more like a house. This has been achieved by placing emphasis on a clever, yet striking design and creating flexible living spaces that everyone can enjoy. These properties have been very appealing to both city professionals and families looking to affordably upgrade their current property, whilst remaining in a thriving area of London. Buyers who are keen to find out more, should book an appointment to view the brand new triplex show home and see how fantastic the designs of these homes really are!”

Purchasers with school age children have a selection of Ofsted rated ‘Outstanding’ and ‘Good’ schools nearby. Gallions Primary School and Winsor Primary School are both located less than a mile from Royal Albert Wharf. Catering for 11 to 16-year-olds is Kingsford Community School which is just over a mile away, and for those in further education Brampton Manor Academy, rated Outstanding, can be found just over two miles from the development.

Commuters have access to excellent transport links. Located in Zone 3, Royal Albert Wharf is a few minutes’ walk from Gallions Reach DLR station, from here buyers can connect to Canning Town is just 11 minutes, Canary Wharf in 19 minutes, and London Bridge and Waterloo in under 30 minutes via the Jubilee Line. Opening later this year, residents will be able to enjoy a commute across the river from the new Royal Wharf Pier, offering north to south travel and also into central London. Along with the anticipated launch of Crossrail from nearby Custom House, these two new transport ventures will further transform the Royal Docks into a major transport hub. With up to 12 Crossrail trains per hour, city workers will be able to travel into central London with ease, reaching Liverpool Street in just 10 minutes.

Prices for one of the last remaining three-bedroom apartments start from £131,250 for a 25% share of £525,000. Prices for one of the three-bedroom triplex homes start from £148,750 for a 25% share of £595,000. Affordability and eligibility apply. By choosing Notting Hill Genesis’ Shared Ownership scheme, buyers have the opportunity to buy a share of a home, usually between 25% and 75%, while paying subsidised rent on the remaining unpurchased share. Provided they can afford to, buyers can opt to purchase additional shares in the property, right up to 100% outright ownership. For more information or to book your viewing, contact Notting Hill Genesis on 0203 815 1234, or visit the website: www.nhgsales.com.

[i]https://www.propertyreporter.co.uk/property/ftbs-today-more-likely-to-stay-put.html

[ii]Figure is based on buying a 25% share of £525,000 using a 10% deposit

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