The idea of climbing the property ladder can be quite a daunting prospect, especially when you are yet to own your first home. It can be particularly hard to obtain the funds for a deposit for a house and the financial side of things can end up being costly. However, the prospect of owning your own home can be very attractive and it tends to provide people with more security and stability. Shared ownership gives first-time buyers the chance to purchase a share in a new build or resale property
There has been a notable surge in demand for Shared Ownership properties over the past year, with research indicating that the scheme has accounted for 10.1% of all first-time-buyer transactions in 2020. For those eager to make use of this increasingly popular home-buyer scheme, Greenway at Beckton Parkside by Peabody offers a superb collection of Shared Ownership properties that come in a range of styles; from one to three-bedroom apartments, all the way up to three-bedroom duplexes. For those keen to begin their home-ownership journey, in addition to the return of the 5% mortgage deposit scheme, the government’s latest stamp duty extension guarantees a substantial saving of up to £15,000 at Greenway. Buyers have the unique opportunity to make an even bigger saving here when they reserve a three-bedroom home before March 19th, 2021 where they can take advantage of Peabody’s six months’ Rent and Service Charge Paid incentive. Terms and conditions apply. *
Enjoying a convenient east London setting, across the river from historic Greenwich, and within easy reach of Canary Wharf. Greenway at Beckton Parkside is an idyllic choice for buyers in search of a home that balances London’s metropolitan charm with abundant green space. Surrounded by stunning tree-lined streets, and offering exclusive access to a plethora of on-site amenities – including concierge service, a gym, and stunning podium gardens – Greenway caters to solo buyers, couples, and families alike.
Andrew Peglau, Assistant Director of Marketing at Peabody comments:
First-time buyers have certainly started to recognise the profound benefits of purchasing through Shared Ownership. Not only is the estimated deposit just £10,625, but they can secure the property by purchasing a share of its full market value. At Greenway, buyers can take advantage of these perks, and make an additional saving when they reserve before March 19th with our latest incentive. For buyers who are making those first important steps onto the property ladder, this is not an opportunity to be missed. Time is limited before this incentive ends, and we are already 85% sold at the development; so, we urge interested buyers to book a viewing and reserve as soon as possible to avoid disappointment.
Designed for hassle-free contemporary living, the Shared Ownership apartments are ideal for buyers with busy lifestyles. Interior finishes are understated and contemporary, with neutral colour schemes to provide a sense of organisation and calm. Kitchens come complete with light grey Manhattan units, white worktops, and LED downlights/under counter strips. Bathrooms are equally well-appointed, with large format ceramic tiles to floors and walls, Roca fittings, and boutique-style full-width landscape mirrors. Additional features include fitted wardrobes to bedrooms to main bedrooms, on-site bicycle storage, and balconies or terraces to all homes – some overlooking the park.
There is plenty to explore close to home, from the network of tree lined paths and communal gardens within the development, to the lush green space of Beckton District Park where residents can spend their weekends enjoying the woodland walks and bike trails. Other popular London venues such as the O2, ExCel London, Westfield Stratford and Gallions Reach Retail Park are all within half hour of the development.
Living at Greenway at Beckton Parkside offers an abundance of local amenities and facilities to choose from. Not only is the wider borough home to no fewer than 50 parks and miles of waterways to discover, but Newham City Farm also offers a slice of rural England in the heart of the capital and is just one mile from the development. Nearby East Ham high street is lined with a selection of bars, coffee shops, and a medley of restaurants to choose from.
Commuters couldn’t be better placed to travel across the capital. Greenway at Beckton Parkside is located on Supercycle Highway CS3 which runs from Beckton to Hyde Park and provides a seamless connection into Central London. Royal Albert DLR station in zone three is just a mile away, from where it is just over twenty minutes to Canary Wharf and 30 minutes to Bank. For those who often travel for business, London City Airport is also reachable in just 12 minutes via car.
Prices at Greenway at Beckton Parkside start from £82,500 for a 30% share of a one-bedroom apartment with a full market value of £275,000, or £112,000 for a 25% share of a three-bedroom apartment with a full market price of £375,000. Virtual online tours are currently available. For more information, please visit www.peabodysales.co.uk/Greenway