With property prices in London’s E16 postcode rising by 51% in the last five years, becoming a homeowner in the capital is becoming increasingly tough. For those looking to make East London their home in 2017, buyers should look at Notting Hill Sales’ development Royal Albert Wharf in the historic Royal London Docks, E16, where the developer is offering an exclusive deal to those who complete their purchase within 8 weeks of reservation.
In the offer, buyers will receive a £2,000 contribution towards their legal fees, designed to help make that leap onto the property ladder a bit easier. What’s more, the apartments at Royal Albert Wharf are available with Shared Ownership. Perfect for Londoners looking for an affordable way into a new home, the scheme allows purchasers to buy between 25% and 75% of the property value, paying subsidised rent on the remainder. Residents can then increase their share at any time, all the way up to 100% and outright ownership.
Simon Neary, Head of Sales and Marketing at Notting Hill Sales, comments: “With house prices in the capital rising as fast as they are, property hunters in London are finding the market more and more difficult to negotiate, especially when having to also budget for additional costs such as Stamp Duty, legal and mortgage fees, as well as finding the initial deposit. Shared Ownership is a great option for those struggling to get a larger deposit together, by purchasing a smaller share of the property value. Added to that our offer of £2,000 towards legal fees takes some of the financial pressure away from buyers, meaning one less thing for them to think about.”
Comprising an array of contemporary apartments for sale, Royal Albert Wharf forms a thriving new waterside community in a vibrant area of London. The development benefits from a peaceful setting, while also being conveniently located within a few minutes’ walk of Gallions Reach DLR station, which provides excellent connections to the rest of the Docklands and central London.
The apartments at Royal Albert Wharf boast high specification throughout. The full-height windows and doors flood the apartments with an abundance of natural light, while the private balconies offer residents a place to relax or dine while taking in the dockland views. The kitchens are complemented by integrated Zanussi appliances, including an oven, ceramic hob, fridge freezer and a dishwasher.
The bedrooms are fully carpeted, with fitted wardrobes in the master bedroom and many include en-suite shower rooms. Bathrooms and en-suites feature white Ideal Standard sanitary ware, ceramic floor and wall tiling and high-quality chrome fixtures and fittings, including heated ladder-style towel rails.
Developed as part of regeneration of the Royal Docks, one of the most talked about redevelopment projects in London, Royal Albert Wharf will deliver over 1,500 new homes, as well as new garden squares, and a variety of community amenities. With an abundance of work space, cafés, bars and restaurants, as well as a play area for children and a crèche, Royal Albert Wharf is set to become a thriving area of the docklands, for both residents and employers.
Meanwhile Gallions Reach Shopping Park is just a short distance away, offering a range of shops and restaurants along with a Tesco Extra store. For high-end boutiques and a plethora of great restaurants, Westfield Stratford City and Canary Wharf are within easy reach too.
The nearby Gallions Reach DLR station provides excellent links to major transport hubs, including Stratford International in under 30 minutes. Canning Town is just a 12-minute journey on the DLR, offering quick access to Canary Wharf (19 minutes), London Bridge (22 minutes) and Waterloo (25 minutes) via the Jubilee Line.