Many first time buyers worry about affordability when thinking about starting their home owner journey and getting on the property ladder. However, Shared Ownership homes in East London make it possible for those buying their first home to take the first step to own their very own property.
Three Waters, Bow Creek, E3
Three Waters is an exciting collection of 1, 2 & 3-bed Shared Ownership apartments coming soon to Bow Creek in partnership with Mount Anvil. Three Waters is crafted with your well-being in mind, with:
- Raised gardens, roof terrace and private balconies to enjoy direct views across the water.*
- A 24-hour concierge.
- State-of-the-art screening room.
Our apartments are located where the three waters of Bow Creek, the River Lea and Limehouse Cut meet in the heart of East London. Three Waters sits within the city’s fastest growing area, offering vibrant waterside living and plenty of interesting things to do. With the Tube and Docklands Light Railway (DLR) located close to our properties, you’ll be in the City or Canary Wharf in as little as 12 minutes.
*selected apartments have views across the water.Discover Three Waters
What is Shared Ownership?
Shared Ownership makes it possible to buy a property that otherwise would not have been affordable on the open market. It is best suited to people who have some money saved, but not enough for a deposit to buy 100% of a home. In a nutshell, Shared Ownership allows you to buy a share of your home with a mortgage.
This can be as little as 25% or as much as 75% initially. Typically, people start with a 30% share. You only need to pay a deposit on the share you are buying, not on the total cost of the home. This means that the amount you need in savings is far less than if you were buying the same property outright.
Why you should consider Shared Ownership homes in East London
Deciding exactly where to buy in London can be another obstacle many first time buyers face when thinking about making such an important investment. Shared Ownership is a great way to help you set up home and be part of a buzzing new community in east London.
East London provides an exciting area that contains some great property hotspots. Buying Shared Ownership homes in Waltham Forest and Newham offer a bustling, up-and-coming neighbourhood of the east side of London, with many shops, restaurants and facilities to choose from. East London's proximity to Central London and vibrant nightlife, shopping and entertainment scenes, continue to evoke high demand among buyers.
Shared Ownership homes such as our vibrant collection of 2 & 3 bedroom homes at Motion, E10, is a stones throw from Canary Wharf, minutes from Stratford’s vast Westfield shopping centre and only a short journey away from Liverpool Street and the heart of the City.
East London is a great option for your commute to work. Whether you want to relax, commute, enjoy London’s nightlife or shop in nearby shopping centres, you’ll soon find that living in East London provides the perfect middle ground.
Relax in East London's Green Spaces
If you enjoy the outdoors, local parks in East London are exceptional. Queen Elizabeth Olympic Park is a particular jewel, with 560 acres to explore and in close proximity to another of our Shared Ownership developments at Stonelea Gardens, in Waltham Forest. You’ll find parklands, cafés, 6km of waterways and attractions that include world class sporting facilities and the ArcelorMittal Orbit, where you can enjoy London’s skyline from 114.5 metres in the sky – aswell as whizzing down the world’s longest tunnel slide or experiencing the UK’s highest freefall abseil.
There’s even more nature to explore at nearby Wanstead Flats and Hackney Marshes, but when you want to change the pace you’ll have all the vibrant bars, and attractions of Stratford on your doorstep. And when nothing but the sights and buzz of central London will do, you’ll only be a short trip away – especially when the Elizabeth Line (Crossrail) comes to nearby Maryland Station.
And if you need even more access to green spaces, owning a Shared Ownership home in East London gives you an opportunity to enjoy the large area of open grassland at the south of Epping Forest that’s perfect for walking, picnics and enjoying nature.
Enjoy a cosmopolitan life of colour in East London
East London is known for being a vibrant, and colourful area packed with various places to eat offering a wide range of restaurants.
If you love food, there’s a glittering array of world cuisines to choose from, offering great flavours to eat there or take away, such as Mora in Leytonstone serving fresh Sardinian dishes.
The New Spitalfields Market is an unmissable spectacle – it’s the UK’s premier wholesale fruit, vegetable and flower market and it’s open throughout the night.
Be a part of a neighbourhood that has a new-found sense of pride and community.
Lots of new, independent shops and boutiques, alongside family-orientated restaurants and cafés give East London an increasingly stylish vibe.
Shared Ownership is a part buy/part rent scheme that makes it possible for first time buyers to purchase a property that otherwise would not have been affordable. It is a government-backed scheme launched in 2006 for people who are unable to afford to buy a home at full market value.
Search New Homes by Peabody
At Peabody, we have a number of homes available to buy with Shared Ownership throughout London. Use our property search to discover a home for you and to register your interest.