Green and waterside living for first time buyers in London!
Top 5 Shared Ownership homes on Share to Buy!
The extensive research into the positive effects of green space, such as parks and forests, on mental and physical health has been well documented. The benefits of blue spaces, including rivers and canals, has been consistently proven, associated with higher levels of Vitamin D and healthier social relationships.
It is clear to see why being close to nature is high on many hopeful buyers’ wish lists. However, first time buyers may feel priced out of their dream neighbourhoods by premiums of £245 per square metre to live near their park of choice while living close to the River Thames can command a 93% premium.
An alternative home ownership scheme helping first time buyers step onto the property ladder, Shared Ownership often requires lower deposits and repayments compared to purchasing on the open market. These lower costs can help budding buyers purchase a home in a sought-after neighbourhood without paying the staggering price premium.
Showcasing the best of affordable homes, leading Shared Ownership property portal Share to Buy have rounded up their top five Shared Ownership homes currently listed on the website, all within easy access of London’s numerous parks and waterways.
ARRO, Southall Waterside
ARRO is a contemporary canal-side development in rapidly regenerating Southall, offering studio, one and two bedroom homes available through Shared Ownership on the banks of the Grand Union Canal. In addition to new homes the scheme will introduce new pedestrianised routes, cycle paths, a waterside trail, and retail and leisure opportunities. Studio apartments start from £65,625 for a 25% share (FMV £262,500), one bedroom apartments start from £80,000 for a 25% share (FMV £320,000), and two bedroom apartments start from £98,750 for a 25% share (FMV £395,000).
Bridge East, Newham
Bridge East is a waterside development offering a selection of two and three bedroom homes within walking distance from the heart of Stratford and the Queen Elizabeth Olympic Park. All apartments benefit from generous terraces or balconies with the broader development featuring commercial space at the ground floor level, a communal courtyard garden square, and a riverside walk. Two bedroom apartments start from £138,000 for a 30% share (FMV £460,000) and three bedroom apartments start from £163,500 for a 30% share (FMV £545,000).
SO Resi Totteridge, Totteridge & Whetstone
Offering a collection of contemporary one, two and three bedroom apartments all available through Shared Ownership. Perfectly positioned in the popular suburban neighbourhood of Totteridge, the development is surrounded by green space and natural ponds – Whetstone Stray is just a 15 minute walk away, leading to Dollis Brook and the Dollis Valley Greenwalk. Apartments have been thoughtfully designed and finished to a high quality, with large windows allowing natural light to flood the home creating bright open spaces. One bedroom apartments start from £101,250 for a 25% share (FMV £405,000) and two bedroom apartments start from £137,500 for a 25% share (FMV £550,000). Three bedroom apartments start from £173,750 for a 25% share (FMV £695,000).
Emerald Gardens, Isle of Dogs
A brand-new development in an iconic Isle of Dogs location, Emerald Gardens is a collection of one, two and three bedroom apartments and maisonettes. Homes are located just north of the River Thames, five minutes from Island Gardens DLR. Nearby Island Gardens public park offers easy access to both green space and the Thames Riverside. Two bedroom apartments start from £120,000 for a 25% share (FMV £480,000), and the last remaining three bedroom apartments start from £160,000 for a 25% share (FMV £640,000). Two bedroom maisonettes start from £143,750 for a 25% share (FMV £575,000).
The Refinery, West Silvertown
Situated in the heart of a rapidly regenerating Royal Docks, moments from West Silvertown DLR, The Refinery is a collection of one, two and three bedroom Shared Ownership apartments in what was once known as London’s ‘Sugar Mile’ – West Silvertown, E16. All apartments are built to an exceptional specification and feature a stylish open plan layout. A 15 minute walk away from the development, Thames Barrier Park features a ‘green dock’, scented gardens, and views of the Thames and Thames Barrier. One bedroom apartments start from £113,400 for a 35% share (FMV £324,000) and two bedroom apartments start from £141,750 for a 35% share (FMV £405,000). Three bedroom apartments start from £165,375 for a 35% share (£472,500).
Information and pricing correct as of 21/01/2020.