Able Quay Millharbour
Recent research has revealed that property prices for first time buyers have increased by 69% in the past decade, with the average house price rising from £142,473 in 2010 to £231,024 today. In London the average first time buyer property has nearly doubled in price (98%) to £463,536 – a figure that has become an unachievable goal for many young buyers searching for a home to call their own. Lending a helping hand to those looking for a way to get on the property ladder, Notting Hill Genesis’ development Able Quay Millharbour could provide the perfect solution.
Conveniently situated on the outskirts of Canary Wharf, and with deposits starting at £15,688* for a two-bedroom apartment, aspiring buyers can take a step closer to the dream of a new home through Shared Ownership.
Shared Ownership offers respective buyers the opportunity to buy a share of a property’s value, between 25% and 75%, while paying a subsidised rent on the remaining share. The lower deposit level required with the Shared Ownership scheme, means buyers need only put down a deposit on the share they purchase and not the full market value of the property. Shared Ownership also means you can become a homeowner with a lower level of savings than if you were to buy the same home outright. Shared owners can also choose to buy additional shares on their property as and when they can afford to, right up to 100%.
James Munson, Head of Marketing at Notting Hill Genesis, comments:
“Since lockdown, and the announcement of the Chancellor’s Stamp Duty holiday, there has been a significant rise amongst first time buyers searching for a property of their own. With house prices soaring and young buyers becoming progressively priced out of the London market, our Shared Ownership properties at Able Quay Millharbour provide a fantastic opportunity for first time buyers to set down roots. With excellent commuter connections and plenty to do on the doorstep, we are sure that these properties will tick many boxes. Over half of the apartments at Laker Court have now been sold, leaving just eight stunning apartments remaining, we encourage interested parties to book a visit or virtual tour as soon as possible.”
Buyers at Able Quay Millharbour can choose from a choice of two apartment layouts, depending on whether they prefer open-plan living or a home with designated rooms. The newly unveiled show apartment perfectly showcases the stylish selection of apartments on offer. Separate kitchens, enable residents to leave stacking the dishwasher for a little bit longer and keep cooking smells contained to one room. Sleek and stylish in design the kitchen comes complete with a host of integrated Smeg appliances and plenty of worktops provide enough space to prepare a meal whilst also ensuring enough space for a microwave/toaster/kettle.
The open plan dining / living room is a truly flexible space with more than enough room for plenty of seating and stylish furniture. Floor to ceiling height windows guarantee a bright and airy space to relax and a large door provides access onto the well-sized terrace. The generously sized bedrooms benefit from full height windows with selected second bedrooms having direct access onto the second terrace, ensuring a nice spot to relax in the early morning.
The thriving financial hub of Canary Wharf is on the doorstep of Millharbour and being one of London’s greenest areas, residents at Able Quay are able to enjoy an abundance of green and open spaces dotted around the urban architecture, such as Jubilee Park, the Thames Path and a roof garden built above Canary Wharf’s Underground station. Located only a 10-minute walk from the thriving centre of the London Docklands at Canary Wharf, Able Quay residents’ benefit from a wealth of local amenities, shops, and a variety of choice of dining options.
Homeowners are able to take full advantage of the excellent transport links across London with Able Quay being ideally located in Zone 2. Both South Quay and Canary Wharf DLR stations are a short walk from the development, connecting residents to Bank station in only 11 minutes. Via the Jubilee line, residents can reach Stratford’s Westfield Shopping Centre in around 10 minutes or get to Bond Street in the West End in just 15 minutes.
Prices for the last remaining two-bedroom apartments at Able Quay Millharbour start from £156,875 for a 25% share of the full market value of £627,500.
To register your interest, please contact Notting Hill Genesis on 020 3815 2222, or visit the website: www.nhgsales.comto book your exclusive appointment and view the latest show apartment.
Notting Hill Genesis is one of the largest housing associations in the country, with around 64,000 homes across London and the south-east, serving more than 170,000 residents. It was formed in April 2018 when Notting Hill Housing amalgamated with Genesis Housing Association. It is a social enterprise committed to creating thriving communities and providing homes for lower-income households.
NHG owns and manages homes across a range of tenures including social, affordable and private rent, leasehold, care and support, temporary housing and Shared Ownership, of which we are the largest provider in the country. For more information, visit www.nhggroup.org.uk.
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