Widely considered the UK’s largest business hub, countless professionals flock to their desks in the capital each day. However, with the rise of hybrid working meaning more companies are giving up their offices for good, the average price for a coworking space in London has reached £613 per month for a desk.*
Guinness Homes’ flagship development, Leaside Lock in Bromley-by-Bow, is providing a solution to the city’s priced-out young professionals. The brand new east London neighbourhood offers buyers space to both live and work in the capital, with a broad range of amenities coming soon, including a coworking space, convenience store and gym.** By purchasing a home at a development with hot desks planned on site, residents could save over £4,500 a year on office space hire.
This hugely popular east London development has already seen the successful sale of all one and three bedroom shared ownership homes in the current phase, with a final collection of two bedroom apartments remaining. Situated in the heart of Zone 2, prices for a 25% share of a two bedroom apartment at Leaside Lock start from £120,000.
Hellyn Fairbrother, London and South East Regional Sales Manager at Guinness Homes, comments, “With the average coworking space in London nearing £7,400 a year, we are excited to be offering young professionals a more affordable hub to live, work and play.”
“The popularity for our shared ownership apartments has been overwhelming, which is no surprise given the impressive amenities planned on site, and we are expecting high levels of interest for the last remaining two-bedroom apartments in this phase.”
The major new development will ultimately comprise of 965 homes once complete and is already a significant focal point for the area. Apartments at Leaside Lock are finished to a high specification throughout, featuring contemporary open-plan kitchens, complete with integrated Bosch appliances. Bathrooms and en suites are finished with sleek sanitaryware and underfloor electric heating is fitted in all apartments. Recognising the importance of outdoor space in London, private balconies offer spectacular views across London, acting as an extension of the interior living space.
Set on the banks of the River Lea, residents can easily enjoy East London’s bustling canal network, home to stretches of outdoor space. A short walk away is Roman Road, a historic East End street lined with independent cafés, boutiques and bakeries, where three times a week a 150-year-old market brings fashion stalls, fresh produce and delicious street food to both locals and visitors. Leaside Lock’s local pub, The Galvanisers Union, offers an impressive beer menu, locally renowned roast beef and weekly comedy nights, while further afield, Hackney Wick and Stratford provide a multitude of independent establishments and chain restaurants.
As well as outdoor space within the neighbourhood itself, Leaside Lock is close to some of London’s best parks. Stratford and Olympic Park can be reached along the river towpath where residents can find stretches of vast outdoor space, while Victoria Park is close by and is ideal for outdoor sports with its running trails, tennis courts and sports ground.
A number of good local nurseries and schools are also in close proximity to the development, including the Rainbow Nursery in the Bromley-by-Bow Centre, Old Palace Primary School and Bow Secondary School.
Leaside Lock benefits from superb transport connections across the capital – a rarity for many shared ownership homes. With Bromley-by-Bow Zone 2 Underground Station just a three-minute walk away, connecting to central London and out towards Stratford on the District Line and Hammersmith and City Line, buyers are well-placed for commuting into Soho, The City and Canary Wharf, as well as exploring the capital at weekends.
Nearby road links offer direct journeys to London City Airport and out of the capital, while several local shopping and cultural destinations can be reached on foot or bicycle along the river towpath.
Shared Ownership prices start from £120,000 for a 25% share of a two-bedroom home (full market value £480,000).
Shared Ownership terms and conditions apply.
Call our sales team on 0208 131 7495 or visit leasidelock.com to book an appointment.
