First-Time Buyer Assistance For East End Canalside Homes
L&Q has seen the first new residents move into their new home at Lock No.19 at Fish Island in Hackney Wick, where it is offering a range of through Shared Ownership homes together with some for private sale which qualify for Help to Buy.
Offering canalside living opposite one of London’s newest landmarks, Lock No.19 is a collection of one-, two- and three-bedroom apartments adjacent to the former Olympic Stadium. Overlooking Old Ford Locks in the triangle where Hackney Cut meets the River Lea and Hertford Union Canal, L&Q’s new apartments provide a slice of iconic East London living in a neighbourhood rich in culture, art and creativity.
Designed by RIBA Stirling Prize winners Allford Hall Monaghan Morris, the development consists of seven blocks, each with their own individual styles which pay homage to the area’s rich industrial past. Cantilevered metal balconies and pre-cast concrete bring character to one block of apartments, named Lorimer House, inspired by the listed steel structure attached to nearby landmark Swan Wharf.
Offering first-time buyers a variety of routes on to the property ladder at this canalside location, the unique collection of 202 homes includes a range of apartments available through Shared Ownership and private sale, with London Help to Buy available on selected homes. Deposits for a one-bedroom apartment start from just £5,281 through Shared Ownership.
Claire Brenlund, director of sales at L&Q, commented: “The transformation of Fish Island is one of the most exciting legacies of the London 2012 Olympics, bringing huge investment to this former industrial neighbourhood. Characterised by its canal routes and warehouses, Fish Island has huge character and charm and Lock No. 19 offers buyers the chance to be in the heart of it.
“With such a striking architectural design and in an unrivalled canalside location, some buyers might assume Lock No.19 is out of their reach financially – which is why we are thrilled to be offering Shared Ownership and Help to Buy on this exciting development, to give buyers a helping hand when it comes to getting onto the ladder in Hackney Wick.”
Apartments feature open-plan living areas and private outdoor space to every home, and select homes have views overlooking the Queen Elizabeth Olympic Park. Offering further outdoor space to relax, communal landscaped gardens run throughout the development.
With the River Lee Navigation running directly past the apartments, residents can enjoy picturesque canal walks into Hackney Wick, Victoria Park or through the Queen Elizabeth Olympic Park. An array of independent galleries, restaurants and bars are also close by, including Ethical Bean Co. a three-minute walk away and Stour Space artist studios a five minute walk.
Convenient for public transport, Hackney Wick Overground station can be reached in 12 minutes on foot, with a journey time of 19 minutes into London Liverpool Street. Meanwhile, Pudding Mill Lane DLR station is a 15 minute walk away, with a journey time of 12 minutes to Canary Wharf.
Shared Ownership prices start from £105,625 for a 25% share of a one-bedroom apartment (full market value £422,500) and £131,250 for a 25% share of a two-bedroom apartment (full market value £525,000). Private sale prices start from £595,000 for a two-bedroom apartment and £760,000 for a three-bedroom apartment, with Help to Buy available on all units under £600,000.
Find out more at lqhomes.com.
Find retirement homes in the London Borough of Hackney
Find Help to Buy homes in the London Borough of Hackney
Find new homes in the London Borough of Hackney