Following a surge in post-pandemic house hunting, the average price of a home in London has grown by 6.2% in the year to April 2022. Setting a record stretch for growth, the nation-wide property boom has been characterised by an imbalance between buyer demand and the number of properties available for sale, with more than twice as many buyers than sellers currently active in the market.*
Meeting the demand for homes in the capital, L&Q is offering an exclusive opportunity for first-time buyers to step onto the property ladder in a sought-after location on the banks of the River Thames. Their brand-new collection of one- and two-bedroom Shared Ownership apartments is now available at New Union Wharf, in the Isle of Dogs.
The ultimate city dweller pad, purchasers of the new homes will benefit from both easy access to riverside walkways as well as a quick commute into the city. Providing affordability in a prime London location, L&Q’s Shared Ownership apartments can be secured with deposits starting from just £10,500.**
Architecturally striking, the five eye-catching towers of New Union Wharf have been designed with community in mind. Architects Jestico + Whiles have created the cluster of terraces and blocks to be oriented towards the river and centred around wide streets, landscaped gardens, and inner courtyards as a nod to the East End heritage of the local area.
Clare Brenlund, Sales and Marketing Director at L&Q London comments, “Our new launch of Shared Ownership apartments in the Isle of Dogs presents an exciting and rare opportunity for first-time buyers to access riverside living in the capital.
Our modern apartments are located in a characterful and unique riverside location, surrounded by renowned restaurants, trendy bars and tranquil parks. We’re expecting to see a lot of interest from young professionals looking to get a slice of life in central London, in a vibrant and historically rich neighbourhood.”
L&Q’s high-quality, contemporary homes at New Union Wharf have been designed for modern living. Sleek, fitted kitchens include integrated appliances as well as stylish soft closed doors and LED downlights, whilst bathrooms feature grey porcelain tiled flooring, chrome fixtures and a heated towel rail. Thoughtfully designed to cater for busy young professionals, the Shared Ownership apartments are complete with integrated storage, which allows for clutter-free living. Outside, each home comes with a private balcony or terrace and access to communal gardens, perfect for enjoying the summer months with a drink after work.
Epitomising the buzz of city living, New Union Wharf is just a short walk from a whole host of retail amenities, entertainment venues and local eateries including The Plateau, one of many renowned Dockside restaurants in Canary Wharf and Hubbub, a quirky café and arts centre housed in a former chapel. For cultural weekend trips, nearby Greenwich Peninsula is home to riverside sculptural walks, art galleries, the Royal Observatory, as well as the famous market.
Residents also enjoy an expanse of outdoor areas on their doorstep, like Mudchute Park and Farm, which is just a 10 minute walk away. Greenwich Park can also be reached in under 20 minutes by bike; one of London’s most iconic green spaces. Meanwhile, to the west of New Union Wharf with lovely views across the river, Sir John McDougall Gardens is the perfect picnic spot after a walk along the Thames Path.
As well as a short walk to Canary Wharf, homes at New Union Wharf are ideally located to offer quick routes across the capital. Commuters are seven minutes on foot from Cross Harbour DLR station, where journeys to Bank take 16 minutes. From Canary Wharf tube station, residents can access the Jubilee line, where journeys into London Bridge take just six minutes.
Prices start from £105,000 for a 25% share of a one-bedroom Shared Ownership apartment (FMV: £420,000).
For more information, please visit: https://lqhomes.com/newunionwharf/.