Live London, Sept 28-Oct 12, 2022

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Dates can be important, especially if they can save you money. That’s why we’ve decided to dedicate this issue’s property supplement to two initiatives designed to do exactly that. Firstly, 6pm on October 31, 2022, should be seared into the minds of anyone seeking to use the Government’s Help To Buy: Equity Loan. This is the time and date the scheme closes to new applications before it officially comes to an end on March 31 next year.

Secondly, the annual celebration of part-buy, part-rent – Shared Ownership Week – is set to take place from October 5-12. It’s an opportunity for housing associations to raise awareness of the scheme as an option for those who lack the funds to buy outright but want to invest in a property rather than continue to rent. Here’s a bit more about both schemes:

Help To Buy Equity Loan

Until the end of October, first-time buyers can apply to borrow up to 40% of the purchase price of a new-build home in the capital. Properties that qualify in London must be on sale for £600,000 or less. In short, the buyer puts in a minimum deposit of 5%, combines that with the loan from the Government, and takes out a repayment mortgage on at least 25% of the purchase price. The Help To Buy loan is interest free for the first five years but must be repaid when the home is sold.

Scan this code to find out more about the Help To Buy Equity Loan

Shared Ownership borrow up to 40% of the purchase price

buy up to 75% of a home and rent the rest

In essence, shared ownership allows a buyer to purchase part of a home (usually between 25% and 75%) and to pay rent on the rest to a landlord. This is generally cheaper than renting a comparable prop erty in the same area and offers certain benefits beyond being a tenant, such as the right to decorate the interior. Further shares can be purchased in a process known as staircasing until the buyer owns the whole property. Alternatively, they can sell their share and move elsewhere.

Scan this code to find out more about shared ownership schemes

a final

Help To Buy properties remaining at Orchard Wharf in Blackwall focus on Help To Buy and shared ownership offers

Galliard Homes’ Orchard Wharf development is located right on the banks of the River Lea within walking distance of East India DLR and Canning Town station

last chance to buy as final deadline approaches on Help To Buy properties at Galliard Homes’ Orchard Wharf development

East London’s Orchard Wharf has 10 properties left for sale through the Help To Buy scheme. Built on the banks of the River Lea by Galliard Homes, this 338-apartment development comprises a selection of one, two and three-bedroom properties including duplexes and penthouses.

where is it?

Orchard Wharf is located on Silvocea Way in Blackwall, within walking distance of Canning Town and East India stations for access to the Jubilee line and DLR.

how about prices?

Prices start at £450,000 – well within the London limit of £600,000 to use Help To Buy.

what are the properties like?

Orchard Wharf’s apartments are arranged over a series of stepped towers rising to a maximum of 38 storeys. The majority of the homes are dual aspect and come with either a balcony, terrace or ground-level garden.

what facilities are on-site?

The development promises a cafe and retail facility, a communal outdoor pavilion, courtyard gardens and landscaped rooftop terraces. There’s also a daytime concierge service.

what else is nearby?

The slice of east London Orchard Wharf sits in is currently home to a wealth of regeneration projects, with well

established amenities at Republic and Trinity Buoy Wharf within walking distance. It’s also just down the river from the ongoing works to refurbish Cody Dock.

what do they say?

Galliard Homes sales director David Galman said: “The Government’s Help To Buy: Equity Loan scheme is a fantastic opportunity for buyers to purchase one of our last remaining apartments at Orchard Wharf before the end of October.

“Residents not only bene t from high quality apartments but also the vast array of areas to relax and socialise within the development- making it the perfect choice for rst-time buyers.” Go to galliardhomes.com for more

Scan this code for more about homes at Orchard Wharf

Show home interiors at Orchard Wharf

Scan this code to find out more about homes at Fresh Wharf

2Developments from Countryside with properties still available through Help To Buy

An artist’s impression of homes at Fresh Wharf

Show home interiors at Fresh Wharf

pair discover a of locations

by Jon Massey

While 90% of properties at Countryside’s Fresh Wharf development have been sold, there are some Help To Buy apartments still available.

Located on Barking waterfront, overlooking the River Roding, the scheme offers a collection of one and two-bedroom homes.

Nearby Barking station boasts connections to Canary Wharf in 18 minutes and the City in 24 minutes.

The development includes open green space, pedestrian walkways and cycle paths, enabling resi dents to freely move around and access the transport links.

Prices at Fresh Wharf start at £345,000 for a one-bedroom

apartment on the 14th floor.

Also in Countryside’s portfolio is Beam Park in Rainham. This development is located beside Beam Valley Country Park and has a small number of Help To Buy apartments still available.

Located close to Dagenham Dock station – which offers services to Fenchurch Street in 21 minutes – the scheme promises buyers high-specification apart ments designed around open-plan living areas.

Prices at Beam Park start at £292,500 for a one-bedroom apartment on the 11th floor. Go to countrysidepartnerships.com for more information

how time is ticking away for first-time buyers to secure Help To Buy homes at Countryside’s developments

Scan this code to find out more about homes at Beam Park

An artist’s impression of homes at Beam Park

Show home interiors at Beam Park

both offering schemes

by Jon Massey

Housing association Guinness Homes has launched a collection of 33 two-bedroom homes at its Leaside Lock development in Bromley-By-Bow. The properties, which are available on a shared ownership basis, make up part of the 965 homes it is delivering on the site ranging in size from studios to three-beds.

In addition to shared ownership apartments, properties are also available for outright sale with some qualifying for the Govern ment’s Help-To-Buy Equity Loan scheme. Prices start at £317,500.

Shared ownership homes start at £87,500 for a 25% share of a one-bed, based on a full market value of £350,000. Homes for outright sale start at £337,500 for a studio property.

Guinness Homes London and south east regional sales manager Hellyn Fairbrother said: “Brom ley-By-Bow is home to a hugely diverse and thriving community, and offers significant investment potential.

“We’re delighted to showcase our new collection of homes at Leaside Lock, available through shared ownership, where we’re expecting a lot of interest from individuals looking to step onto the property ladder in this

popular area. It’s the perfect location to purchase a home, with quick transport links, amazing amenities and plenty of green and blue space on your doorstep.

“We’re thrilled to be able to offer both Help To Buy and shared ownership on all our homes at Leaside Lock, providing the next generation of homeowners the chance to enjoy canal-side living at an affordable price.

“With a host of amenities, restaurants and green space nearby, while offering a quick commute into the city, Leaside Lock encompasses the very best of East London in one neighbourhood.”

Apartments at Leaside Lock include open-plan living areas featuring fitted kitchens with integrated Bosch appliances and electric underfloor heating throughout. On-site amenities proposed at the development include a concierge service, a public health and fitness studio, a cafe, a gym, a convenience store and a co-working space.

The development is also served by nearby pub The Galvanisers Union and is within striking distance of recently opened Jim & Tonic at The Print House on Sugar House Island (see Pages 42-43).

Also nearby are the multiple attractions of Roman Road, Stratford and Hackney Wick – the latter two accessible via paths along the River Lea to the east of the site.

Leaside Lock is located just across the A12 from Brom ley-By-Bow Tube station, which offers services into central London via the District and Hammersmith And City lines.

The quickest route to Canary Wharf is to walk to nearby Devons Road DLR station.

Commuters on two wheels may, of course, prefer to follow the Limehouse Cut cycle path instead. For more information go to leasidelock.com or call 020 8131 7495

how Guinness Homes’ Leaside Lock offers multiple ways for prospective buyers to get a foot on the ladder

We’re thrilled to be able to offer both Help To Buy and shared ownership on all our homes at Leaside Lock

Hellyn Fairbrother, Guinness Homes

Above, Leaside Lock features a residents’ roof terrace with views across the London skyline

Properties built by Guinness Homes at its Leaside Lock development

Above, Leaside Lock is located in Bromley-ByBow beside the River Lea

Left, a show home interior at the Guinness Homes scheme

Scan this code for more information about homes at Leaside Lock

by Jon Massey

What a difference three minutes makes. That’s the time it takes to get from the plat form of Canary Wharf’s Elizabeth Line station to Custom House in Royal Docks. It’s also about £340,000 in terms of the difference in starting price for a one-bedroom apartment in a new-build development.

Those hunting for a house a few minutes’ walk from Canary Wharf itself can expect to pay some where in the region of £740,000 for a one-bed in a luxury tower.

But head east along the Thames and the starting price for a similar-size home at The Leslie – the most recently launched building at Ballymore and Oxley’s Riverscape scheme in Silvertown – is £399,500.

True, the development is about a 20-minute walk from Custom House, but a daily stroll through some of Docklands’ most impres sive scenery seems an insignifi cant drawback when set against the possible financial savings.

While it’s impossible to pretend Royal Docks has the depth of amenities offered by Canary Wharf, they aren’t exactly far away and the area itself has seen rapid change and growth over the past decade.

Riverscape sits between Lyle Park to the west and Ballymore and Oxley’s vast Royal Wharf development to the east.

On-site facilities for residents include a 24-hour concierge services, a lifestyle management app and use of The Sky Lounge –a space at the top of the Deanston building for co-working, private dining or events, boasting views across London.

Residents also get membership of The Clubhouse at Royal Wharf, which includes a 25m swimming pool, a sauna, jacuzzi and gym facilities.

Ballymore sales director Jenny Steen said: “Following the resounding success of last year’s launch, we are delighted to announce the release of our next collection of apartments in The Leslie at Riverscape.

“The first phase of this water side development proved popular with previous purchasers and local Royal Wharf residents, with over 50% of apartments at launch selling to existing Ballymore

customers, their friends and families.

“Ballymore has always recog nised the potential of east London, and our vision for Riverscape is to create the epitome of luxury waterfront living just moments from key transport links, estab lished communities and outdoor spaces.

“These apartments lie at the core of this vision and offer great value homes that set the bench mark for modern city living.”

The Leslie, which launched to the market on September 24, comprises 42 properties spread over 10 floors. There are 21 one-beds, 14 two-beds and seven three-beds in the block, which features views over Greenwich Peninsula to Canary Wharf.

The development is within walking distance of Pontoon Dock and West Silvertown DLR stations, London City Airport and Custom House for the Elizabeth Line. It’s also very close to Royal Wharf Pier for Uber Boat

By Thames Clippers services into central London and out to Barking.

Royal Wharf itself is home to a community of around 10,000 residents and includes facilities such as The Windjammer pub, a GP practice, a dentist, a regular farmers market, a nursery and a primary school.

When complete, Riverscape will see 10 buildings ranging in height from eight to 16 storeys, housing some 769 apartments, on a strip of land running up to the Thames.

Apartments at The Leslie are available to buy now with construction under way and completion expected either towards the end of 2023 or at the start of 2024.

The 34 shared ownership properties at The Leslie are set to launch next year and will be available through Legal And General Affordable Homes. Go to riverscape.co.uk

getting for your money

42The number of apartments available for private sale at The Leslie

how developments like Riverscape by Ballymore and Oxley offer value as buyers look further out to the east

Ballymore has always recognised the potential of east London and our vision for Riverscape is to create the epitome of luxury waterfront living

Jenny Steen, Ballymore

Scan this code for more information about homes at Riverscape

Above, how The Leslie will look when work on the Riverscape block is complete

Left, show home interiors for apartments at The Leslie by Ballymore and Oxley

On the edge of the Thames, immersed in nature. Surrounded by verdant parks & gardens with panoramic views towards Canary Wharf, the City & beyond. Part of the thriving Royal Wharf neighbourhood with its own high street,

regular farmers market, primary school, gym and Riverscape residents’ only Sky Lounge. Moments from the Elizabeth Line & the DLR with direct access to Thames Clippers from Royal Wharf Pier.

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