First Help to Buy homes launch at riverside development, Royal Wharf

First Help to Buy homes launch at riverside development, Royal Wharf

Ballymore & Oxley has launched a collection of new homes at Royal Wharf, which will be the first homes eligible for Help to Buy buyers at the riverside development in East London.

Now available to purchase, the 32 new apartments will provide greater access for first time buyers to live at Royal Wharf, which provides easy access to Canary Wharf and the City of London. Royal Wharf is a new riverside village for East London, complete with 3,385 new homes for around 10,000 residents, health centre, primary school, nursery, community centre and a bustling high street.

There are few projects offering Help to Buy with such a comprehensive amenity offering. Residents will have access to East London’s largest residents Health Club, a two-storey gymnasium with 25 metre indoor swimming pool, spa and coffee lounge, almost a km of riverside promenade and 24-hour concierge. The development also includes a new market square and high street filled with shops, restaurants, bars, cafes and a Fullers Pub, The Windjammer, bringing worldwide cuisines to the fast-growing East London neighbourhood, along with a pharmacy, nail bar, hairdresser, dentist and community centre hosting everything from language classes to ballet lessons.

The new riverside homes in John Cabot House are generous in size with contemporary open plan living spaces, all have balconies and expansive windows which offer an abundance of natural light and many of which having views looking over the River Thames. The kitchens are finished to a high standard equipped with Siemens appliances and stone worktops.

Central to the Royal Wharf development, John Cabot House is perfectly situated near the hustle and bustle of the high street and market square. Set back from the river, John Cabot House offers buyers an affordable investment opportunity at the heart of the 40-acre new neighbourhood. The four buildings that make up John Cabot House are set around a courtyard, providing a peaceful and quiet space for residents to enjoy.

Royal Wharf is located moments from Canary Wharf, with outstanding transport links to central London. The opening of a new Crossrail station at Custom House will mean that residents can reach Heathrow Airport in just 41 minutes and the West End in 15 minutes, and the newly opened Royal Wharf Pier, serviced by Thames Clippers river bus service, is London’s longest riverboat terminal and provides an alternative way to get in and out of central London.

Prices for one-bedroom apartments begin from £414,750, with two-bedroom apartments starting at £588,000. The home are set to complete in Q2 2020. Through the London Help to Buy scheme, eligible buyers will only need a 5% deposit and will benefit from an equity loan of up to 40% of the purchase price. Royal Wharf’s Help to Buy apartments opens the development up to those who could not previously afford homes in one of the capital’s newest and most exciting neighbourhoods.

Jenny Steen, Head of Sales at Ballymore Group, said: “Royal Wharf is a fantastic investment opportunity for first time buyers, standing within the £3.5bn Royal Docks regeneration area, which is becoming a new destination for Londoners to live, work and visit. We are delighted to be able to offer Royal Wharf homes to new buyers under the Help to Buy scheme, opening up the development to new audiences.”

Edward Robinson, Partner, New Homes City & East, Knight Frank added: “Homeseekers purchased more than 300 homes in Newham using Help to Buy (HTB) during the year through to June 2019. That’s almost double the number sold during the preceding year. We expect to see increased demand for the HTB scheme in Newham off the back of both positive economic data published since the election, alongside the highly anticipated launch of the HTB scheme at Royal Wharf.”

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