Guest Blog: London and Quadrant opens its doors to East London first time buyers
Fuelled by some of London’s most exciting regeneration projects, research by CBRE highlights; Tower Hamlets and Barking are two of the five fastest growing property hotspots in the capital and are ideal for first time buyers looking to invest in a location set to grow. To help first time buyers get a foot on to the ladder in these hotspots, L&Q will be hosting an East London homebuyer event (www.lqhomebuyerevent.co.uk) on Friday 8th to Sunday 10th February 2019 at each of their developments in Tower Hamlets and Barking. The event will offer potential first time buyers access to all the advice and latest information about affordable routes to home ownership and will include exclusive incentives on homes reserved during the weekend.
Homebuyers who reserve during the event will receive two years free service charge holiday, which could amount to as much as £6,000 saved and legal fees paid. L&Q will also be offering contributions towards Stamp Duty on certain plots. As well as a financial advisor on hand to answer prospective buyer’s questions, the L&Q’s sales teams will be available to provide details on its East London developments: NEO and New Union Wharf in E14, and Barking Riverside and Weavers Quarter in Barking.
New Union Wharf, River Bridge Close, Isle of Dogs, E14 3JX
Financial advisors and solicitors available on 9th and 10th February: Torc 24 and AJLO
Comprising a unique collection of one, two and three bedroom apartments, New Union Wharf benefits from a striking location where the River Thames meets the London Docklands, in the heart of the Isle of Dogs. An area ripe to reap the fruits of regeneration, transforming the area into a thriving cultural and economic hub, which benefits from a unique riverside location, excellent commuter connectivity and an ever-expanding retail and business centre. Homes have been built around an innovative street-based design, effortlessly complementing the surrounding riverside backdrop. As this area of east London continues to evolve, homebuyers will be perfectly placed to enjoy the continuing transformation.
Prices start from £395,000 for a one bedroom apartment and Help to Buy London is available on a selection of homes.
L&Q Parklands at Barking Riverside, Northgate Road, Barking, IG11 0AB
Financial advisors and solicitors available on 9th and 10th February: Censeo and Prince Evans
Offering homes through Shared Ownership and Help to Buy, Parklands at Barking Riverside is the first opportunity to buy with L&Q at East London’s newest neighbourhood. One of Europe’s largest brownfield sites, Barking Riverside will ultimately deliver 10,800 homes alongside new commercial, retail and leisure facilities. A new phase of 25 townhouses have recently launched available through Help to Buy, giving purchasers the opportunity to make their first home their forever home.
The new four bedroom townhouses launch on February 2nd, with prices from £570,000. One bedroom apartments start from £249,950, two bedroom apartments from £319,950 and three bedroom apartments from £359,500. All homes are available for Help to Buy. For Shared Ownership units, prices start from £62,500 for 25% share of a one bedroom apartment. FMV: £250,000.
NEO, Aston Street, Stepney, E14 7NQ
Financial advisors and solicitors available on 9th and 10th February: Torc 24 and Cavendish Legal
Situated on Aston Street, a quiet residential road lined with Edwardian and Victorian terraces, NEO comprises a stylish collection of one and two bedroom apartments, with a selection available with the London Help to Buy scheme. Residents will benefit from living in a well-connected Zone 2 location, with the nearest station, Limehouse, just a 10-minute walk away, whilst also enjoying all the entertainment and leisure facilities that vibrant Stepney has to offer on the doorstep. The development will cater for all needs, including providing a 24-hour concierge service and a residents’ fitness suite on site. For a limited time, L&Q is offering purchasers a two year free gym membership and concierge service with two year free service charge.
Prices start from £420,000 for a one bedroom apartment and Help to Buy London is available on selected plots. For Shared Ownership units, prices start from £104,375 for 25% share of a one bedroom apartment.
Weavers Quarter, 17 Mast Street, Barking, IG11 7FY
Financial advisors and solicitors available on 9th and 10th February: Censeo and Direction Law
With over 75% of apartments sold, the final phase of 51 Shared Ownership apartments have just launched at Weavers Quarter, a multi-phase project minutes from Barking’s bustling high street. A joint venture with L&Q and the London Borough of Barking & Dagenham, Weavers Quarter will transform the area into a thriving new community with two new schools, landscaped courtyards, a leafy public, and a new community centre. Well-connected to central London, Barking station is less than half a mile from Weavers Quarter where residents can reach Canary Wharf in just 21 minutes. Meanwhile, a multi-million pound regeneration scheme is underway in Barking town centre, with independent cafes, bars and shops popping up moments from Weavers Quarter.
Prices start from £7,200 for 30% share of a one bedroom apartment. FMV: £242,500