Affordable Homes

Foundry Mews Scoops a First Time Buyer Award

Foundry Mews

Foundry Mews by East Thames, constructed by Storm Building, has won ‘Best Small Development’ at the 2017 First Time Buyer Readers’ Awards

Located in vibrant Walthamstow, E17, Foundry Mews is a worthy winner, comprising an innovative collection of just 12 homes. Featuring six apartments, two maisonettes and four townhouses, within two blocks and mews housing, the properties cater to a variety of house-hunters, particularly first time buyers. Designed to fit seamlessly into the surrounding area and enhance the local community, the homes have provided much needed local housing.

Ideal for those looking to get on to the property ladder, all the homes within this award-winning development are available under the shared ownership scheme. Shared ownership allows purchasers to buy a stake in their home (at least 25%) and pay a subsidised rent on the remaining share of the property. Additional stakes can be bought at any time up to the value of 100%, allowing purchasers to increase the proportion of the property they own whenever it suits them.

Tony Harker, Director of Sales & Marketing at East Thames said, “The First Time Buyer Readers’ Awards are especially important to us, because the winners are voted for by the readers of the magazine. We strive to provide affordable housing to those who are struggling to get on or move up the property ladder, so to be recognised by this for our Foundry Mews development feels like a real achievement. This development is a perfect example of how home ownership can be achievable for first time buyers in London.”

The Storm team added, “Our overall aim at Foundry Mews was to create an inclusive, small community which would also benefit the wider community as a whole. The results certainly speak for themselves!  We had an excellent team of subcontractors and suppliers working closely with us, in order to overcome any challenges on the project. In particular, East Thames were brilliant, offering clear and decisive direction, meaning we were all able to work together to achieve this successful project. We are delighted to have be involved in an award-winning scheme!”

Foundry Mews incorporates communal and social spaces throughout, with a children’s play area and courtyards, making the development perfect for young families. The thoughtfully dispersed buildings create areas that are well lit, safely overlooked and evoke a true sense of community. Cycle storage is also provided, as well as allocated parking for the houses.

To find more properties available with shared ownership that are perfect for first time buyers go to east-thames.co.uk

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