Shared-ownership homes in East London

Property hunters on a budget are currently spoiled for choice in the Canary Wharf environs, with a wide range of properties coming on the market, with deposits typically coming at £10,000-£15,000. Hampton Tower, on Canary Wharf’s South Dock, is designed by Foster + Partners, and offers a concierge, landscaped gardens and plenty of nearby restaurants, cafés and shops. Prices start from £108,750 for a 25% share of a studio with a full price of £435,000 and a minimum deposit of £5,437. Prices rise to £133,750 for a 25% share of a one-bedroom flat, with a minimum deposit of £6,687, and £180,000 (deposit £9,000) for a quarter-share of a two-bed apartment. Not far away, at Able Quay Millharbour, a two-bedroom apartment can be had from £156,875 for a 25% share. Further up the river, in Limehouse, stands the Kiln Works. Prices for a river-view one-bedroom flat, some with a terrace or balcony, start from £101,875 for a 25 per cent share and the minimum deposit is £10,188. Monthly costs are just over £900. Two-bedroom flats start at £125,000 for a 25 per cent share and the minimum deposit is £12,500. Monthly costs will be about £1,630.

Evening Standard (27/10/2020)  Londonist (27/10/2020)