Poplar homes from £97,500

28th August 2015

Bellway Homes’ New Festival Quarter is one of the largest housing schemes in the Poplar area, with almost 500 new homes being built on a site opposite Bygrove Primary School, rated 'outstanding' by Ofsted. Full market prices are nudging towards the £500,000 but housing association Family Mosaic has a selection of shared-ownership homes aimed at first-time buyers. One-bedroom flats start at £97,500 for a 30% share, and buyers must have a household income of between £34,846 and £71,000. They will need to pay £379.17 a month in rent, plus their mortgage and a monthly service charge of £110.27. New Festival Quarter is designed by award-winning architects Stock Woolstencroft and most flats feature private balconies or terraces, rooftop gardens and small residents’ parks. Two-bedroom flats start at £118,000 for a 30% share and three-bedroom flats from £455,000.

Evening Standard