Monthly Saving Potential At East London Shared Ownership Development

Guinness Homes is encouraging house-hunters in east London to consider using Shared Ownership to purchase a brand new home at Leaside Lock in Bromley-by-Bow, where combined mortgage, rent and service charge fees could undercut current rental market prices by hundreds of pounds per month.

Set on the banks of the River Lea, the high-quality and contemporary homes at Leaside Lock provide an alternative route onto the housing ladder for hopeful house-hunters in the area.

Hellyn Fairbrother, London and South East regional sales manager at Guinness Homes, commented: “We are excited to be offering a wonderful collection of three-bedroom Shared Ownership homes for significantly less than the average rental price in Bromley-by-Bow – an extremely rare offering, particularly in a Zone 2 London location! Homes at Leaside Lock will also offer house hunters the chance to step onto the property ladder, an increasingly difficult milestone for first-time buyers in the current climate.”

The major new development will ultimately comprise of 965 homes and is already 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 café, a gym, a convenience store and co-working space.

The one-, two-, and three-bedroom homes at Leaside Lock are finished to a high specification throughout, featuring integrated Bosch appliances in the kitchen, and underfloor electric heating. Private balconies act as an extension of the living space and offer spectacular views across the capital.

Located within a fantastic community, Bromley-by-Bow is situated in a bustling neighbourhood with a selection of bars, restaurants and green spaces for residents to enjoy within walking distance. The development is located close to the East Bank and International Quarter, sitting alongside the likes of the V&A, BBC Studios and Sadler’s Wells, residents can enjoy the vibrant culture that East London has to offer.

As well as a range of amenities available within the community, at Leaside Lock residents can indulge in the lifestyle they desire without straining their budget. Offering a waterside location, the development is set on the banks of the River Lea, within easy reach of East London’s bustling canal network. Stratford and the Olympic Park can be reached by walking East along the towpath where residents can find stretches of outdoor space alongside the world-famous London Aquatics Centre and Westfield Stratford.

Nearby road links offer direct journeys to London City Airport and out of the capital, while several local shopping and cultural destinations can be reached on foot or bicycle along the river towpath.

Shared Ownership prices start from £102,500 for a 25% share of a one-bedroom apartment (full market value £410,000), £122,500 for a 25% share of a two-bedroom apartment (full market value £490,000) and £137,500 for a 25% share of a three-bedroom apartment (full market value £550,000).

Find out more about Leaside Lock from Guinness Homes.

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