April 18, 2024

Up-and-Coming East London: Shared Ownership Homes in One of the Best Places to Live in 2023

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Renowned for its parades of trendy bars, cosy pubs and independent clothing shops, the Hackney Borders have been named by The Sunday Times as one of the best places to live in 2023.* Ideally situated within this undiscovered East London property hotspot, Leaside Lock in Bromley-by-Bow, bordering Hackney in the borough of Tower Hamlets, is a collection of 965 apartments set in one of the capital’s most up-and-coming new neighbourhoods.

With the average house price for an apartment in Hackney costing an average of £561,261**, Guinness Homes’ flagship development, Leaside Lock, offers an affordable alternative for first-time buyers looking to get onto the property ladder in the popular Zone 2 area. With homes available through Shared Ownership, interested purchasers can buy a 25% share of a one-bedroom home for just £96,625, while deposits start from only £4,831.

The major new development will ultimately comprise of 965 homes and is already a new focal point for the area, created with modern convenience in mind. While offering fantastic transport links to the rest of London, the neighbourhood has been carefully designed so that residents also have everything right on their doorstep. Creating a lively new community-focused neighbourhood, there is a broad range of unbeatable amenities planned on site, including a health and fitness studio, a café, a gym, a convenience store and co-working space.

Hellyn Fairbrother, London and South East Regional Sales Manager at Guinness Homes, comments: “Places like Shoreditch, Hackney and Dalston have exploded in the last ten years, and it’s only a matter of time that more areas in The Hackney Borders follow suit. Interest in areas like Bromley-by-Bow has been bubbling up for a couple of years now, so it’s no surprise that this region has been identified as one of the best places to live by the Sunday Times. Unfortunately, this means that property prices will also be steadily increasing as the area’s popularity grows – pricing many first-time buyers out of the neighbourhood.

Making this hotspot accessible to all buyers, our Shared Ownership homes at Leaside Lock are in an unparalleled location – so close to the station, offering access to both the District and Hammersmith and City lines. Meanwhile, the development is close to bars in Shoreditch, shopping in Stratford, and the iconic Queen Elizabeth Olympic park in ‘new east London’, all reachable in 20 minutes or less. The combination of transport links, a fantastic surrounding area and attainable Shared Ownership properties makes this development an ideal place for first time buyers to step onto the property ladder.”

Apartments at Leaside Lock are finished to a high specification throughout, featuring contemporary open-plan kitchens, complete with integrated Bosch appliances. Bathrooms and en suites are finished with sleek sanitaryware and underfloor electric heating is fitted in all apartments. Recognising the importance of outdoor space in London, private balconies offer spectacular London views, and this space allows residents to create an extension of their living space.

Set on the banks of the River Lea, Leaside Lock is close to a plethora of local shops, restaurants and bars on offer. A short walk away is Roman Road, a historic street lined with independent cafés, 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. Leaside Lock’s local pub, The Galvanisers Union, offers an impressive beer menu, locally renowned roast beef and weekly comedy nights, while further afield, Hackney Wick, Here East and Stratford provide a multitude of independent establishments and chain restaurants.

As well as outdoor space within the community, Leaside Lock is close to some of London’s best parks. Victoria Park is close by and is ideal for outdoor 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 with an outdoor children’s play area.

On top of green spaces, Leaside Lock has an unrivalled waterside location, with the development set on the banks of the River Lea. A rarity in London, residents are 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 you’ll find stretches of outdoor space alongside the world-famous London Aquatics Centre and Westfield Stratford.

Residents also benefit from superb transport connections across the capital with Bromley-by-Bow Zone 2 Underground Station just a three-minute walk away, connecting to central London and out towards Stratford on the District Line and Hammersmith and City Line.**

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 £95,625 for a 25% share of a one -bedroom apartment (full market value £350,000) and £132,500 for a 25% share of a two bedroom apartment (full market value £530,000).

 

Shared Ownership terms and conditions apply.

 

Call our sales team on 0208 131 7495 or visit leasidelock.com to register interest.

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