AFFORDABLE HOMES
It’s no secret that house hunters have faced many obstacles over the past year, battling increasing interest rates and the cost-of-living crisis. However, a recent survey from Savills has revealed that commitment to moving home is at “its strongest in over a year”, with 30% of respondents determined to move house in the next six months.* This increased motivation among hopeful buyers is expected to significantly drive demand for affordable developments across London in the first quarter of 2024 DEMAND FOR HOMEOWNERSHIP PEAKS AS POPULARITY SOARS FOR HOMES AT LEASIDE LOCK
Proving hugely popular with first time buyers, Leaside Lock has already seen a staggering 85% of apartments reserved since launching. Now, with all one and three bedroom homes snapped up at the Bromley-by-Bow development, just one final collection of two bedroom apartments remains in the current phase. London and South East Regional Sales Manager at Guinness Homes, Hellyn Fairbrother, comments, “We are seeing first hand how committed hopeful buyers are to moving home in 2024, with demand for our shared ownership apartments at Leaside Lock soaring. “The overwhelming popularity of our homes at Leaside Lock since launching in 2021 has been fantastic to see, and we are excited to now be offering a final collection of two bedroom apartments in the current phase. We’re expecting to see high levels of interest for these new homes, as buyers move quickly to secure their space at our hugely popular east London development.” The major new development will ultimately comprise 965 homes, forming a new focal point for the area. Creating a lively new community-focused neighbourhood, a broad range of sought- after amenities are planned on site, including a cafe, a gym, a convenience store and a co-working space set to open in 2025. Providing an opportunity for first time buyers to step on to the property ladder in a high-quality, contemporary home, Leaside Lock offers the perfect balance between affordability and premium living. Kitchens are complete with fully integrated Bosch appliances, while private balconies offer an extension of the living space – the perfect spot to host springtime gatherings with family and friends.
Leaside Lock is ideally positioned for residents to enjoy all that east London living has to offer. Situated in a vibrant community, the apartments are located
sports with its running trails, tennis courts and sports ground. Also nearby, Three Mills Island hosts local events and has plenty of green space to enjoy including an outdoor children’s play area. Perfect for daily commuters and weekend explorers alike, the apartments are just a three-minute walk from Zone 2 Bromley-by-Bow tube station, which connects to central London and out towards Stratford on the District Line and the Hammersmith and City Line. Devons Road DLR station is also a few minutes’ walk from the development, connecting to Canary Wharf in just seven minutes.** Shared ownership prices start from £116,875 for a 25% share of a two bedroom home (full market value £467,500).
close to a plethora of local shops, restaurants, and green spaces.
A short walk from the development is Roman Road, a historic street lined with independent cafes, boutiques and bakeries, where three times a week a 150-year-old market brings fashion stalls, fresh produce and delicious street food to both locals and visitors. Ideal for families, London’s tallest sculpture, ArcelorMittal Orbit, is less than a 10-minute cycle ride away from Leaside Lock, and is home to the world’s longest tunnel slide – perfect for an exciting afternoon out. For those in search of a space to unwind from the buzz of the city, Leaside Lock offers a great waterside location – Stratford and Olympic Park, where residents can find stretches of vast outdoor space, can be reached along the river towpath. Victoria Park is close by and is ideal for outdoor
Call our sales team on 020 8131 7495 or visit leasidelock.com to book an appointment
Shared ownership terms and conditions apply * Savills, January 2024 ** Distance taken from google.co.uk/maps
40 First Time Buyer April/May 2024
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