Shared ownership homes on sale in East London

Leaside Lock in Bromley-by-Bow, bordering Hackney in the borough of Tower Hamlets, is a collection of 965 apartments for sale in London.

With the average house price for an apartment in Hackney costing an average of £561,261, Guinness Homes’ development, Leaside Lock, offers an affordable alternative for first-time buyers looking to get onto the property ladder in Zone 2.

With homes available through shared ownership, interested purchasers can buy a 25% share of a one-bedroom home for just £96,625, while deposits start from only £4,831.

Hackney Borders have been named by The Sunday Times as one of the best places to live in 2023.

Hellyn Fairbrother, London and South East regional sales manager at Guinness Homes, said: “Places like Shoreditch, Hackney and Dalston have exploded in the last ten years, and it’s only a matter of time that more areas in The Hackney Borders follow suit.

“Interest in areas like Bromley-by-Bow has been bubbling up for a couple of years now, so it’s no surprise that this region has been identified as one of the best places to live by the Sunday Times.

“Unfortunately, this means that property prices will also be steadily increasing as the area’s popularity grows – pricing many first-time buyers out of the neighbourhood.

“Making this hotspot accessible to all buyers, our Shared Ownership homes at Leaside Lock are in an unparalleled location – so close to the station, offering access to both the District and Hammersmith and City lines.

“Meanwhile, the development is close to bars in Shoreditch, shopping in Stratford, and the iconic Queen Elizabeth Olympic park in ‘new east London’, all reachable in 20 minutes or less.

“The combination of transport links, a fantastic surrounding area and attainable Shared Ownership properties makes this development an ideal place for first time buyers to step onto the property ladder.”

Apartments at Leaside Lock feature open-plan kitchens with integrated Bosch appliances, as well as private balconies.

Bathrooms and en suites are finished with sanitaryware and underfloor electric heating is fitted in all apartments.

Set on the banks of the River Lea, Leaside Lock is close to a plethora of local shops, restaurants and bars on offer.

A short walk away is Roman Road, a historic street lined with independent cafés, boutiques and bakeries, where three times a week a 150-year-old market brings fashion stalls, produce and delicious street food to both locals and visitors.

Leaside Lock’s local pub, The Galvanisers Union, offers an extensive beer menu, roast beef and weekly comedy nights, while further afield, Hackney Wick, Here East and Stratford provide a multitude of independent establishments and chain restaurants.

As well as outdoor space within the community, Leaside Lock is close to some of London’s best parks.

Victoria Park is close by and is ideal for outdoor sports with its running trails, tennis courts and sports ground.

Also nearby, Three Mills Island hosts local events and has plenty of green space to enjoy with an outdoor children’s play area.

On top of green spaces, Leaside Lock has a waterside location, with the development set on the banks of the River Lea.

Shared ownership prices start from £95,625 for a 25% share of a one -bedroom apartment (full market value £350,000) and £132,500 for a 25% share of a two bedroom apartment (full market value £530,000).