A place to call home in London’s hottest new neighbourhood – Shared Ownership at Royal Wharf with Legal & General Affordable Homes

Legal & General Affordable Homes is bringing forward a collection of stunning new Shared Ownership homes in Newham’s Royal Wharf, East London, to help buyers take their first step on the property ladder.

Launching at an event on 5th – 6th August 2023, East River Wharf will offer ultra-modern one-, two- and three-bedroom apartments in a brand-new community that offers the best of London living.

New residents will be benefit from a wide range of amenities including a spa, fitness studio, residents’ gym, 24 hour concierge and security services. The Sky Lounge – a 16th floor space in the development to meet, collaborate and socialise while taking in the spectacular views of the city skyline and the River Thames is also accessible to residents.

What is Shared Ownership?

With Shared Ownership you can buy a portion of a home and pay rent on the remainder. The deposit required for Shared Ownership properties is significantly smaller than a typical deposit because it is calculated against a percentage of the share that you purchase rather than the full value of the property.

Through a process called staircasing, over time you can incrementally increase your share of the property to 100 per cent should you wish to. More information on Shared Ownership including benefits and requirements can be found at landgah.com/help-and-advice/shared-ownership-explained/

Old gives way to new (and exciting)

Once the heart of UK’s shipping industry, Royal Docks, which includes Royal Wharf, is an exemplar of regeneration with an enviable commercial and cultural hub and a new waterfront.

The new community will see an overall investment of £8bn, including a £600m upgrade to the Docklands Light Railway, and a new pedestrian bridge connecting Silvertown on the south side, with Custom House Elizabeth Line station and ExCeL on the north.

Reflecting the colourful and multicultural community, the Royal Docks boasts a full table of cultural events. From jazz festivals and international food and drink events, to the festival of architecture and abstract art shows, there’s something to suit a variety of tastes and palates.

East River Wharf and beyond

Contemporary living and modern appliances feature in all the homes at East River Wharf. Each home has a private balcony and plenty of space to work from home. The open plan living areas are full of natural light and offer a straight-forward move and a blank canvas to put your own stamp on.

Surrounded by landscaped gardens and green spaces such as Lyle and Barrier Parks, the Royal Wharf offers a bustling high street and market square with independent shops, cafes and a local pub. The local community centre has a full social calendar of sports, cultural and children’s activities and business upskilling sessions. Tennis courts and a state of the art leisure centre are also part of this environment that is built to champion a better quality of life. And the O2 in North Greenwich is a mere cable car ride away.

Well connected

East River Wharf is a short walk to both West Silvertown DLR and Pontoon Docks stations which makes it perfect for connections. From the West Silvertown station, you can get to London City Airport in a mere 4 minutes, Canary Wharf in 16 minutes, Stratford in 17 minutes and Bank in 19 minutes.

If you’d rather take your time, the C3 cycleway will take you all the way to Westminster while the quiet way Q14 is just across the river – and cycle storage is part of the offer at East River Wharf homes.

1, 2 and 3 bedroom apartments are on offer, starting from £96,875 for a minimum 25 per cent share.

Ben Denton, Chief Executive at Legal & General Affordable Homes, said: “With Shared Ownership we want to help you get on the first rung of the property ladder and be proud of where you live. East River Wharf ticks all the boxes: a fantastic range of good quality new build homes, designed for modern life, in a part of town that is fizzing with energy, culture and entrepreneurship. It’s also incredibly important to us that we make the experience of buying a home as hassle free and easy as possible for anyone new to Shared Ownership.”

For more information, you can visit the Legal & General Affordable Homes website at east-river-wharf.co.uk