There was a recent report carried out by NAEA Propertymark and ARLA Propertymark which revealed that a total of 46% of tenants experienced a rent increase in 2019, a rise from the 26% of tenants reported in 2018. For people experiencing this problem with increasing rental costs and for those dreaming of having their own home, Echo @ London City Island could be the perfect solution.
There is a Notting Hill Genesis’ Shared Ownership scheme at Echo @ London City Island, which is open to buyers who live or work in London. This scheme allows buyers to purchase a share, between 25% and 75% of its full market value, of a home and pay subsidised rent on the remaining unpurchased share. However, it is possible to increase your share over time and eventually purchase 100% and outright ownership.
Jim Munson, Head of Marketing at Notting Hill Genesis comments: “The selection of apartments at Echo @ London City Island present the ideal opportunity to escape rising rental prices and begin the journey into home ownership. London City Island is home to two of the UK’s foremost cultural institutions, the English National Ballet and London Film School. We are proud to be able to offer this stunning collection of apartments to aspiring home owners with the help of Shared Ownership and with almost 50% of units sold, we encourage interested parties to schedule a visit.”
Echo @ London City Island is a contemporary collection of 15 chic apartments, and is situated only 6 miles from central London. The apartments are perfect for modern living, as they feature: luxury, comfort and contemporary style. There are open-plan living and dining areas that are great for hosting friends and family and fully fitted kitchens, complete with a selection of integrated Siemens and Indesit appliances. These features make the properties ideal for first-time buyers and city workers and the added facility of a balcony, allows for added space.
There is also a New Art Hub in London City Island, nicknamed ‘Mini Manhattan’, which includes 12 acres of mixed-use developments including: homes, offices, restaurants, boutique shops, pedestrian, cycle routes, waterside parks, arts, and cultural space. There is also a pedestrian bridge bringing Crossrail DLR transport links to within a short walk away. The development of London City Island has been inspired by some of the world’s best cityscapes, including Tokyo and Chicago.
The development also has excellent onsite facilities, including a bespoke clubhouse complete which has a concierge, games room and grocer’s shop. Residents are automatically members* and also have access to the on-site high-spec gym, spa and treatment rooms, outside swimming pool and gardens.
Echo @ London City Island has great transport links, which make it the ideal residence for commuters. Canning Town DLR and Underground station is just a short three-minute walk, giving access to the Jubilee line which leads people to places such as the O2 Arena (in North Greenwich), Borough Market (London Bridge), Southbank Centre (Waterloo) and the Royal Parks (Green Park).
Siemens oven, hob and extractor – Siemens integrated dishwasher – Indesit built-in fridge/freezer – Indesit washer dryer
Concierge, games room and lounge, outdoor swimming pool and gym
Reserve a home at Echo with Notting Hill Genesis during January and February and receive £1000 towards your legal fees!*
Prices start from £140,000 based on a 25% share of the full market value of £560,000 for a two-bedroom apartment. For further information or to register your interest, please contact 0203 733 7996 or visit www.nhgsales.com