With easing pandemic restrictions resulting in an influx of city professionals returning to the office and an unprecedented number of purchasers searching for homes in urban areas, London’s property market is experiencing a boom. As a result, house prices in the capital are now more than £40,000 higher on average than at the start of the pandemic.*
Young professionals returning to London and seeking a route onto the capital’s booming property market are well catered for by L&Q’s brand-new contemporary Shared Ownership and Help to Buy apartments in three city dweller hotspots at L&Q at Brunel Street Works, L&Q at The Silk District and New Union Wharf.
Claire Brenlund, Sales and Marketing Director at L&Q comments, “Against the backdrop of rising property prices and an extremely competitive housing market, first-time buyers are facing more challenges than ever to take that first step onto the property ladder.
Our Shared Ownership and Help to Buy homes in three pioneering capital neighbourhoods in Canning Town, Whitechapel and the Isle of Dogs provide an affordable offering for young professional buyers looking to return to London, in vibrant and well-connected locations which provide the best of city living.”
Situated within the ambitious £3.7bn regeneration programme transforming Canning Town, L&Q at Brunel Street Works is a brand-new development consisting of 167 Shared Ownership apartments. The masterplan will ultimately deliver extensive green areas, restaurants, cafes, shops and creative workspaces alongside new housing, meaning buyers at L&Q at Brunel Street Works are set to benefit from vast investment into the local area. Catering for all types of buyers, from singles and couples to families alike, L&Q has an array of one to three-bedroom apartments and two/three bedroom duplex homes available. Putting Zone 2 within reach of first-time buyers, deposits homes at L&Q at Brunel Street Works start from just £5,000.
On-site, residents enjoy fantastic communal facilities, including a roof terrace, podium garden and 24-hour concierge service. For a day trip close to home, the iconic O2 Arena is just one stop from Canning Town and the Emirates Air Line is the ultimate spot to catch a sun set over the Thames. Nearby conveniences include a large Morrisons as well as Westfield Stratford City, one of the largest shopping centres and entertainment spaces in Europe. For commuters, Canning Town is connected to the Jubilee Line and DLR service, with journey times of just three minutes to Canary Wharf, fifteen minutes to London Waterloo and six minutes to Stratford.
At L&Q at The Silk District, first-time buyers benefit from on-site amenities that are rare to come by with Shared Ownership. For purchasers who choose to call the development home, a state-of-the-art on-site gym is kitted out with a full selection of Technogym exercise equipment, as well as a private Peloton studio for spinning classes. Residents can also book out a private cinema space, ideal for entertaining guests.
Catering for young buyers, the surrounding area benefits from a thriving nightlife scene, with traditional pubs and bars in abundance. Home to a vibrant array of global cuisines, nearby Brick Lane is a treasure trove of culture, whilst the Idea Store, London’s second most popular library, is perfect for literary fans. The one- and two-bedroom homes are centred around an attractive communal area of open green space and planting, with each modern apartment also providing full integrated appliances and access to a private balcony or terrace.
Offering an exclusive riverside lifestyle in a prime capital location, New Union Wharf is a new collection of one, two and three-bedroom Shared Ownership and Help to Buy homes. The ultimate young professional pad, the new apartments are located on the banks of the Thames, offering easy access to riverside walkways as well as a quick commute into the city. Embodying the best of city life, residents just a short walk from a whole host of retail amenities, entertainment venues and local eateries including The Plateau, one of many renowned Dockside restaurants in Canary Wharf and Hubbub, a quirky café and arts centre housed in a former chapel. Plus, green spaces are easily accessible like Mudchute Park and Farm, which is just a 10 minute walk away and famous Greenwich Park which can be reached in under 20 minutes by bike.
At L&Q at Brunel Street Works, prices start from £99,375 for a 25% share of a one-bedroom home (FMV £397,500). At L&Q at The Silk District, prices start from £124,375 for a 25% share of one bedroom apartment (FMV: £497,500). Prices for homes at New Union Wharf start from £105,000 for a 25% share of a one-bedroom Shared Ownership apartment (FMV: £420,000) and Help to Buy prices start from £390,000.