New shared-ownership homes in London

The many benefits of green space environments have been understood for several years, but scientific evidence now indicates that exposure to blue environments, such as rivers, lakes and canals, can have even greater positive effects on mental wellbeing and stress[1]. With this in mind, for those looking to secure a stunning waterside property, Peabody’s exciting new collection of 1, 2 and 3-bedroom Shared Ownership apartments at Three Waters is set to launch on the 10th of September. Buyers have a unique opportunity to own a stylish home that is just minutes from the city and metres from the water, with prices starting from just £115,500 for a 30% share of a one-bedroom apartment.

Enjoying a prime position in East London where the River Lea, Bow Creek and Limehouse Cut meet, purchasers at Three Waters are placing themselves at the heart of one of London’s most exciting regeneration areas. Building upon the legacy of redevelopment in East London in the lead-up to the 2012 Olympics, this project is set to transform the area with new cultural, commercial, retail, educational and transport facilities. According to an exclusive Dataloft report[2], new build homes in Bromley-by-Bow are 16% below the Zone 2 average, but with Bow Creek, Stratford and the nearby East Bank all magnets for investment, prices in the area are expected to rise by 63% over the next 10 years, making home ownership here a great investment for the future.

Andrew Peglau, Assistant Director of Marketing, Brand & PR at Peabody, comments: “Centred in the heart of the Lower Lee Valley, Three Waters is the ideal location for those looking to benefit from one of the largest remaining regeneration opportunities in the capital. With the rewards of regeneration certain to draw in buyers from far and wide, this an opportunity that home-hunters will not want to miss. If you are looking to put down roots and establish yourself in a new neighbourhood close to the capital’s thriving financial centres, award-winning parks, towpaths and sports facilities, Three Waters is a must-see.”

Three Waters not only provides a unique living experience but also an affordable opportunity for first-time buyers in search of something special. This versatile scheme offers buyers the opportunity to enjoy the convenience of city living with the calm headspace provided by the raised gardens, residents roof terrace, and private balconies to every home, which offer a range of views across the City and water to enjoy from different aspects.  In addition to this, residents will benefit from exceptional on-site facilities, including a 24-hour concierge service, a state-of-the-art screening room and secure cycle storage.

Every property at Three Waters has been designed to offer crisp, clean lines and ample living spaces. Much thought has been given to the carefully designed interiors that are flexible and filled with natural light. The high-quality specification and natural finishes are stylish, efficient, and chosen to create a welcoming feel. Kitchens are sleek and contemporary, and have been designed to make the most of the room and storage; complete with pale grey handleless kitchen units, anthracite-effect laminate worktop and a selection of integrated SMEG appliances. Bathrooms provide the perfect place for a moment of calm, combining calming grey tiling and a range of chrome fittings for an elegant finish. Primary bedrooms come with built-in wardrobes and large windows that flood light into the room, and provide ample opportunity for homeowners to make the most of their view.

Three Waters scores highly for outdoor pursuits, shopping and leisure, and travel. The development is located on the boundary between Newham and Tower Hamlets, where residents will have access to more blue space than in any other London borough, including the spectacular 26-mile-long Lee Valley Regional Park – ideal for keen kayakers and paddleboarders. Boasting hundreds of medal-winning moments from 2012, the famed Queen Elizabeth Olympic Park is just eighteen minutes away by bike, ideal for runners, cyclists, and swimmers.

For some retail therapy, Westfield is a mere 15 minutes away on the tube* – offering a variety of designer brands and tantalising eateries; or, for something a little further afield, Bond Street and Covent Garden can be reached in just 21 and 23 minutes* respectively.

The development is conveniently situated just moments away from Bromley-by-Bow Underground station (six-minute walk) and Devons Road DLR station (10-minute walk) – whisking travellers to Kings Cross and St Pancras International in as little as 23-minutes*.

Prices for Three Waters start from £115,500 for a 30% share of a one-bedroom apartment with a full market value of £385,000. Prices for two-bedroom apartments start from £138,000 for a 30% share based on a full market value of £460,000 while prices for three-bedroom apartments start from £143,750 for a 25% share based on a full market value of £575,000.