New Shared Ownership Launch In East London’s Cultural Quarter

Located within the borough of Newham, east London’s cultural quarter, Peabody, in partnership with Redrow, is set to launch their latest collection of Shared Ownership homes at Pontoon Reach on Saturday 6 March.

Enjoying an enviable position close to the River Thames where tranquillity meets the City, this collection of one-, two- and three-bedroom apartments is just minutes from the hub of Canary Wharf, London’s Royal Docks and one of London’s largest riverside green spaces, Thames Barrier Park.

Andrew Peglau, assistant director of marketing at Peabody commented: “We are very proud to be part of this exciting new development, bringing forward a collection of high-quality affordable homes within one of London’s most distinguishable settings. The launch of our Shared Ownership apartments at Pontoon Reach will form part of a new neighbourhood and community that is giving new life to the area of Royal Wharf, providing first time buyers the opportunity to purchase a stunning new home in a very unique location with a lower-level deposit. One of the world’s premier financial and retail districts at Canary Wharf is a 20-minute journey via the DLR or by bike, whilst the Thames Barrier Park, dockside walkways, and water sports playground at the Royal Docks provides the perfect reason to get outdoors and enjoy this very desirable riverside location. This really is the perfect place to work, rest and play.”

Occupying a well-connected location in the heart of London’s historic Royal Docks, Pontoon Reach offers a contemporary collection of apartments that envelope a landscaped courtyard garden that has been given pride of place in the centre of the development; with lush green planting, walkways and outdoor seating areas for all to enjoy. Residents can head out in any direction from the development and be met with a variety of local amenities. Once government restrictions are eased, there is plenty of opportunity to take in relaxing river views, enjoy a drink or meal at any one of the welcoming restaurants and bars that line the dockside, or enjoy a stroll or bike ride around the nearby network of walking routes and cycle paths or even take a visit to the areas very own urban seaside at nearby Dock Beach.

Each of the Shared Ownership apartments at Pontoon Reach have been completed to a high standard. Layouts are spacious and offer flexible and adaptable areas to incorporate days for relaxing and days for working from home. Each property comes with its own private balcony or terrace, with some enjoying an outlook of the landscaped gardens or striking cityscape views towards London’s ExCel Arena and Docklands. These spaces provide the perfect extension to the living/kitchen/dining areas during the warmer months of the year. Kitchens are sleek and contemporary in style and come complete with a high-quality collection of integrated appliances. Bedrooms are generously sized, selected apartments feature fitted wardrobes, and the master bedrooms in the two- and three- bedroom apartments all enjoy access to an en suite bathroom.

Residents at Pontoon Reach will have everything this dynamic dockside location offers close to home. Rich in history, this part of the capital was a transport hub for cargo ships, factories and warehouses in the 19th century delivering goods from across the globe. Having now taken on a new identity, the area is fast becoming a thriving place for London homebuyers to enjoy living, and be witness to all the exciting things to come. Thames Barrier Park overlooking the striking Thames Flood Barrier is a few minutes’ walk away and is the perfect place for a walk, jog or a quick workout.

Other noteworthy parks to visit are Royal Greenwich and Queen Elizabeth Olympic Park, both an easy trip via Pontoon Dock DLR. The area has a buoyant cultural scene, from The Museum of London, the Queens Art Gallery, the impressive Cutty Sark and one of the world’s renowned music and film venues, the O2 – all within easy reach of Pontoon Reach.

For those who need easy access to travel connections there is plenty of choice, from DLR, Tube, rail, boat or even cable car. Pontoon Dock DLR station is a five-minute walk away, where residents can reach Canary Wharf or Stratford in 12 minutes and the City in 19 minutes. For onward journeys across the capital, Canning Town is a five-minute journey on the DLR and connects with the Jubilee line, from here the retail havens of Oxford Street and Regent Street are both around 45 minutes away, along with the bars and restaurants at Soho and the cobbled streets and theatres of Covent Garden.

Prices at Pontoon Reach start from £102,750 for a 30% share of a one-bedroom apartment (full market value £342,500) and from £138,000 for a 30% share of a two-bedroom apartment (full market value £460,000). Find out more at www.peabodysales.co.uk.

Find out more about private sale homes for sale at Pontoon Reach from Redrow.

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