New research from the NHG has revealed that in an effort to make London homes affordable and help first-time buyers get on the property ladder, an enormous 25,000 Shared Ownership properties are expected to come to the market over the next 12-18 months. For those who can’t wait, Stratford Broadway by East Thames has recently been launched in Stratford, East London. With 70% of properties reserved on the launch day alone, potential purchasers will have to act fast in order to buy at this affordable development.
Located in Stratford where the Olympic legacy continues to create a distinct and inspiring atmosphere, this new development comprises a stunning collection of 35 one and two bedroom apartments, available for Shared Ownership.
Buying under shared ownership at Stratford Broadway allows purchasers to buy the share of their home that they can afford (at least 30%), and pay a subsidised rent on the remaining share of the property. They can increase their share at any time, up to the value of 100%, giving purchasers the step up they might need in order to buy in a prime London location.
Stratford Broadway forms a part of the Stratosphere development with a sophisticated double-height, glazed concierge and a reception area which links the two schemes. Residents at the development will also have access to a private gym and a communal roof-top terrace, perfect for socialising in evenings.
Tony Harker, East Thames’ Director of Sales & Marketing comments: “Due to the success of our previous developments in the area, East Thames has launched another site in Stratford. Since the 2012 Olympics, the area has gone from strength to strength, seeing a lot of regeneration and in turn bringing even more interest to the area. The affordability of Shared Ownership at Stratford Broadway is ideal for buyers struggling to get on the property ladder in London. Interest at the launch was strong with 70% of properties reserved, therefore we advise purchasers to register as soon as possible in order to avoid disappointment.”
Each apartment has been designed with excellent attention to detail and include a high specification with integrated kitchens and an attractive, open plan living and dining area. Everything from storage space to light has been meticulously designed, featuring floor to ceiling windows and a balcony to each home, providing views across East London.
Located in the heart of Stratford, Stratford Broadway is ideally positioned to take advantage of all that London has to offer. Thanks to huge investment due to the London 2012 Olympic Games, Stratford continues to benefit from extensive regeneration. Retail facilities are excellent with Westfield Stratford City offering hundreds of shops, as well as bars, restaurants and entertainment. The Queen Elizabeth Olympic Park is also a short walk from the development, with 560 acres of parkland, world class sporting venues, parkland and a wide range of events and attractions to enjoy.
Excellently situated for travel all around London, Stratford Broadway is located opposite Stratford bus and train station and Stratford International is a short walk away. From these stations fast services link to the West End, City, Canary Wharf, the rest of London and beyond via London Underground, Overground, DLR, TFL Rail, Abellio Greater Anglia Rail and a variety of bus services.