Research from Nationwide states that buyers and Londoners in particular, are willing to pay an average of £43,000 more for their homes to be within a five-minute walk of a tube or railway station. Peabody’s latest shared ownership development in east London, Motion, offers just this – where buyers can avoid parting with those extra thousands and still own a home next door to a station, for a starting price tag of just £98,000*
Located in the stunning Lea Valley, Motion is a unique collaboration between award-winning partners Peabody and Hill. It is situated across the road from the entrance of Zone 3’s Lea Bridge station, making it a popular choice for first time buyers commuting into the City.
Stratford is accessible in just seven-minutes, while Canary Wharf can be reached in just nine minutes from Stratford via the Jubilee Line. Additionally, Liverpool Street is just 26 minutes away – making Lea Valley a potential up-and-coming hotspot for first time buyers looking to settle down east of Hackney.
As well as being within close proximity to a station, Motion is located in a blossoming area that offers an active and desirable lifestyle with a plethora of green spaces to discover, explore and enjoy, providing the perfect blend of urban and suburban living. Motion is less than 10 minutes away from the stunning wetlands of Middlesex Filter Beds and the vast greenery of Hackney Marshes. This natural haven offers striking landscapes and active waterways, while the nearby WaterWorks Centre nature reserve provides residents the opportunity to explore the wildlife garden, willow dome and bird hides. A multitude of water activities can also be discovered at Lee Valley Park, including white water rafting, canoeing, kayaking, rowing and sailing – a perfect day out for families and friends alike.
Commenting, Debbie Coombs, Director of Sales & Marketing at Peabody, says, “Motion is marking the beginning of the regeneration of the area, and with its close proximity to Lea Bridge station which links to Stratford, connectivity is endless. Not only does it offer connectivity, but also green living on the fringe of the City. Local hidden gems and a vast amount of natural space for leisure activities surround the development for all to enjoy.”
Peabody has launched shared ownership at Motion, with prices starting from just £98,000†* for a 35% share of a studio apartment. Meanwhile, private sale homes were released to the market earlier this year and are already over 70% reserved in the first phase, with prices starting from £450,000† with Help to Buy available.
For further information on shared ownership, visit peabodysales.co.uk or call the Peabody sales team on 020 7021 4842
† prices correct at time of publishing
*Based on purchasing a 35% share of the property