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).

Register your interest in Waterside Heights, BE WEST.

Internal photography of BE WESTS’s Waterside Heights - Shared Ownership homes available on Share to Buy

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).

Register your interest in Lock No.19, L&Q.

Internal photography of L&Q’s Lock No 19 - Shared Ownership homes available on Share to Buy

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).

Register your interest in Landmark Pinnacle, Poplar HARCA.

Internal photography of Poplar HARCA’s Landmark Pinnacle - Shared Ownership homes available on Share to Buy

Waterfront, Hove

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).

Register your interest in Waterfront, Latimer.

Internal photography of Latimer Homes’ Waterfront - Shared Ownership homes available on Share to Buy

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).

Register your interest in Pontoon Reach, Peabody.

Internal photography of Peabody’s Pontoon Reach - Shared Ownership homes available on Share to Buy

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 propertiescompare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.