Known as one of London’s most exclusive areas, Canary Wharf has become a highly desirable location for many home hunters across the world, however, renting or buying a property in this iconic district brings with it a premium price tag. City renters can expect to pay an average monthly rent of £2,128 for a one-bedroom apartment, and purchasers will need an average deposit of more than £51,000. For city lovers determined to secure their dream home and lead a London lifestyle for less, Notting Hill Genesis’ premier collection of Shared Ownership apartments at Dockside at Millharbour offers a more affordable opportunity to step into a stylish city pad using a lower-level deposit. Furthermore, first time buyers can take advantage of a £1,000 contribution towards moving costs for reservations this April.
Notting Hill Genesis’ Shared Ownership scheme provides the option of purchasing a percentage of a home’s value, usually between 25% and 75%, while paying a subsidised rent on the remaining share. The lower deposit level, means buyers need only put down a deposit on the share they purchase and not the full market value of the property. Purchasers at Dockside can secure a one-bedroom apartment using a deposit of just £12,375* and monthly costs are estimated to total £1,399 including mortgage, rent and service charge. Buyers can also choose to purchase additional shares on their property as and when they can afford to, right up to 100%.
Set within a beautifully landscaped courtyard in the heart of London, Dockside at Millharbour enjoys a tranquil setting within one of the capital’s most dynamic waterside postcodes. Whilst occupying a prime central London location, residents here can enjoy access to a well-balanced environment. For a day of exploring and retail therapy, the buzz of central London’s thriving atmosphere and variety of retailers, restaurants, bars and entertainment venues less than half an hour away. Nearer to home, there is an abundance of open green spaces that surround the development, delivering an exceptional standard of living for less.
James Munson, Head of Marketing at Notting Hill Genesis comments: “Shared Ownership gives first time buyers the opportunity to buy a home an area of London that would otherwise be unaffordable. The lower-level deposits required through Shared Ownership can help offset some of the costs associated with living in higher value areas such as waterside districts that surround Canary Wharf and combined with our offer of £1,000 towards the cost of moving – can help to realise the home ownership aspirations of those who want to make this part of London their home.”
Each contemporary apartment has been thoughtfully designed to complement the busy lifestyles of modern millennials. Layouts are well designed and offer a selection of spacious open-plan living arrangements that maximise light in each home and perfectly showcases the serene city-scape views of the capital. Each apartment further benefits from its own private balcony, ideal for bringing the outside in during the spring and summer months. In addition, residents can also enjoy a relaxing evening stroll along the river or within the landscaped courtyard.
For city dwellers, Dockside’s prime position is perfect with some of the capital’s best shopping, nightlife venues, restaurants and culture on the doorstep including the O2 Arena just a stone’s throw away via the Jubilee Line at Canary Wharf station. For food enthusiasts, Canary Wharf will be the ideal place to go with its growing reputation as a foodie hub, offering a wide range of alfresco restaurants including Mudchute Kitchen and Pizza Pilgrims.
Outdoor enthusiasts are at home here with open green space dotted throughout the urban landscape, including Jubilee Park, a roof garden built above Canary Wharf’s underground station, and the Green Flag awarded Sir John McDougall Gardens. 32 acres of countryside at Mudchute Park and Farm just a 16-minute walk away providing a serene space for residents to escape the hustle and bustle of London living.
Commuters are conveniently connected at Dockside. Canary Wharf, Whitechapel and the City are all easily reached via foot or bike. Whilst those who prefer to use public transport can easily travel across London. Canary Wharf station is 10-minutes away, home to the Jubilee Line, providing connections to London Bridge, Waterloo, Green Park and Bond Street. South Quay DLR is just a three-minute walk away providing transport to Bank where commuters can pick up the Central, Northern and Waterloo & City Line.
Price for a one-bedroom Shared Ownership apartment start from £123,750 for a 25% share of the full market value of £495,000. For more information, please visit www.nhgsales.com. Or call 020 3815 2222