Get on the property ladder with waterside living and Shared Ownership
Five first time buyer developments in Hackney, Hillingdon, Newham, Tower Hamlets and Hove
The benefits of living near blue spaces – ranging from rivers and lakes to the sea – are well known. Proximity to water has been shown to help people feel more relaxed, but this waterside lifestyle commands a high price premium. Having an inland river view can add 20% to a property’s asking price, while a coastal or harbour view can bump the price up a whopping 60%.
Due to eye-wateringly high asking prices, many first time buyers may feel that a calming home by the water is out of their reach.
Alternative home ownership schemes, such as Shared Ownership, are helping first time buyers step onto the property ladder with a home that doesn’t sacrifice location for budget. Shared Ownership allows eligible buyers to purchase a percentage share of a property rather than the full market value upfront. This results in lower deposits and monthly repayments than often found on the traditional property market – giving purchasers the opportunity to afford their dream home.
Showcasing the best in affordable homes, leading Shared Ownership property portal Share to Buy have rounded up five of their top Shared Ownership developments putting a waterside lifestyle within reach of first time buyers.
Waterside Heights, West Drayton
Waterside Heights is an impressive collection of one and two bedroom apartments set along the banks of the Grand Union Canal in West Drayton, West London. These spacious and bright apartments from BE WEST feature high specification finishes and are complete with private outdoor space and views of the historic canal. At Waterside Heights, prices start from £89,250 for a 30% share of a one bedroom apartment (FMV £297,500) and £96,250 for a 25% share of a two bedroom apartment (£385,000).
Lock No.19, Hackney Wick
Lock No.19 by L&Q is a collection of one, two, and three bedroom apartments offering canalside living in Fish Island, Hackney Wick. Helping first time buyers onto the property ladder with a range of options, homes at Lock No. 19 are available through Shared Ownership, and Help to Buy is available on select homes. Residents can enjoy picturesque walks along the River Lea into Victoria Park or Hackney Wick for its abundance of trendy eateries, bars, and galleries. At Lock No. 19, Shared Ownership homes start from £104,375 for a 25% share of a one bedroom apartment (FMV £417,500) and £131,250 for a 25% share of a two bedroom apartment (£525,000).
Landmark Pinnacle, Canary Wharf
Landmark Pinnacle is a collection of one and two bedroom apartments in the heart of Canary Wharf available through Shared Ownership from Poplar HARCA. Located in Europe’s tallest residential tower, all apartments boast a view of the River Thames or Dockside. In addition to high specification apartments, residents have the ability to opt into luxury amenities such as a gym, golf simulator, dining room and the spectacular 75th floor viewing platform. Shared Ownership homes at Landmark Pinnacle start from £133,750 for a 25% share of a one bedroom apartment (FMV £535,000) and £188,750 for a 25% share of a two bedroom apartment (FMV £755,000).
Just a moment’s walk from Hove beach, Waterfront by Latimer is a uniquely affordable opportunity to enjoy a coastal lifestyle with the vibrancy and connections of a city. Boasting a host of artisan cafes, vibrant eateries, quirky boutiques and a stunning coastline, Hove is an idyllic seaside location to put down roots. Prices start from £130,500 for a 30% share of a two bedroom apartment (FMV £435,000) and £135,000 for a 25% share of a three bedroom apartment (FMV £540,000).
Pontoon Reach, Royal Docks
Ideally positioned in the heart of Royal Docks, East London, Pontoon Reach by Peabody is a collection of one, two, and three bedroom apartments available exclusively through Shared Ownership. Modern apartments are well placed to enjoy the rapidly regenerating Royal Docks neighbourhood and are a short walk to the River Thames and Thames Barrier Park. Prices start from £102,150 for a 30% share of a one bedroom apartment (FMV £340,500) and £141,750 for a 30% share of a two bedroom apartment (FMV £472,500).
Information and pricing correct as of 02/07/2021.
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.