London property for a £7,500 deposit?

publication date: Oct 30, 2017
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

 

East City Point

Where: Canning Town

When: Tours available now by calling 0207 539 3745

How much: 25% shared ownership for £120,625

Deposit: Around £7,500

Property development company, Clarion, are opening a new development in Canning Town. At East City Point, buyers who would not usually be able to get on the Ladder in the capital can enter the market with a deposit of less than £7,000 with share ownership opportunities.

Using shared ownership, buyers are able to purchase a 25% share of a two-bedroom property for just £120,000 – the full market value of which is £482,500.

Many of you will be aware of Canning Town's location – it's well positioned for access to many of the Captial's more salubrious areas including Stratford, Canary Wharf and the City. East City Point is just one part of a near £100,000,000 regeneration of Canning town and the transformation of the East End in general.

The properties themselves are built to a high standard in order to be both comfortable to live in and to last. Some of the homes also come with parking and terraces. Buyers also have the added advantage of energy efficient measures incorporated to lower fuel bills – these measures include low energy lighting, water saving spray taps and high levels of insulation.

Looking to buy for the first time? Download our first-time buyer eBook:

First Time Buyer eBook

First-time buyer Quick Guide - Property Checklists First-time buyer legals - Beaumont Legal Quick guide to buying and selling legals - SLC

 


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