Get on the property ladder in Forest Gate this Spring with a deposit of just £4,500
Home ownership remains high on the Government agenda as evidenced by its extension of the stamp duty deadline and the new mortgage guarantee scheme. However even with these money-saving measures in place to support buyers, the average home in London costs £670,601, according to Rightmove*. Even in trendy East London, where overall prices are lower than the rest of the capital, the average home still costs £488,963.
Gateway Housing Association is tackling rising prices through its own home ownership initiative in Forest Gate, East London, with an Easter launch of its new collection of shared ownership properties. The modern one, two and three-bedroom apartments are created especially for first-time buyers; shares start from 25% and prices from £90,000, available with a 5% deposit of just £4,500.
Kate Dodsworth, Chief Executive at Gateway Housing, comments: “We know house prices are simply too steep for many would-be buyers in this part of London. Even with the mortgage guarantee scheme in place, or savings made on stamp duty, prices of market-sale properties mean home ownership in a popular location in the capital is completely out of reach.
“Our mission at Earlham Square is to provide a more affordable opportunity for people to get a foot onto the ladder in this incredibly popular pocket of East London.”
Every apartment has a spacious open plan living, kitchen and dining area. The sleek, high-quality kitchen comprises Zanussi integrated fridge/freezer, dishwasher, hob and oven, as well as a freestanding washer/dryer, all included for the purchase price. Every home also features wood-effect tiling in the main living area and hallway, with carpets in the bedrooms as well as fitted wardrobes in the main and second bedrooms. The main bedrooms in the larger apartments benefit from an en suite shower room and there is plenty of storage space in every home.
Residents can enjoy plenty of outside space either on their own private balcony or terrace, or in the spacious, landscaped courtyards that interlink the buildings at Earlham Square and bring tranquil green space to this bustling neighbourhood. Forest Lane Park – complete with dipping pond, wildflower meadow and woodland – is a ten-minute walk away.
Located moments from the heart of Forest Gate and the train station, Earlham Square puts residents right at the centre of East London living. Residents will have easy access to Forest Gate’s eclectic range of cafés, restaurants and local amenities, all a short walk away.
Westfield Stratford City is a four-minute train journey or a 30-minute walk from Forest Gate station; trains can reach Liverpool Street in just fifteen minutes. Crossrail will also serve the station, with journey times to get to the West End under 20 minutes.
To find out more about Earlham Square and view the new showhome, either virtually or by private appointment, call 020 8057 3232.
*Data correct 17.03.21