A fabulous new collection of shared ownership homes has launched at The Grove, Gateway Housing’s newest development in Forest Gate, east London. Buyers of these one, two and three bedroom apartments will benefit from contemporary open-plan living space, sleek interiors and a fantastic east London location. Prices start from £88,750 for a 25% share of a one bedroom apartment and a 5% deposit of just £4,437.50 is needed
Shared ownership is simple. You buy a share of a home, typically between 25% and 75%, depending on what you can afford based on your household income – anyone with a household income of less than £90,000 in London can apply. The deposit, usually 5%, is based on the share you buy, which is much lower than paying a deposit on the full price. You then take out a mortgage to cover the rest of your share and pay a monthly rent on the share you do not own.
There is a range of apartment layouts available at The Grove, all providing flexible, open-plan living space and a balcony or terrace. The flowing and light-filled living, kitchen and dining areas provide ample space for relaxing, working or entertaining friends. The streamlined kitchens feature a full range of Zanussi integrated appliances – fridge-freezer, dishwasher, hob, oven, microwave and freestanding washer-dryer – all included in the purchase price. Homes are as practical as they are attractive; luxury wood-effect tiling flows through the main living areas and hallways, and bedrooms benefit from carpets as well as fitted wardrobes in the main and second bedrooms. In larger apartments, the main bedrooms include an en suite shower room, and every home has plenty of storage.
The two new buildings are interlinked by a beautifully landscaped courtyard, the perfect space to relax and unwind after a day’s work. Close by are many parks and open spaces that offer a peaceful retreat from the fast pace of London life. Within a 10-minute walk is Forest Lane Park, complete with dipping pond, wildflower meadow and woodland. Residents can also head to Wanstead Flats, a large area of open grassland on the tip of Epping Forest perfect for sports and picnics, or to the parklands and tranquil waterways of Queen Elizabeth Park, which also hosts sporting events, concerts and festivals.
The Grove is situated on an established leafy road, just moments from the heart of Forest Gate and within easy reach of an eclectic mix of local amenities, cafes and restaurants. It’s a four-minute train ride or 30-minute walk to Westfield Stratford City, one of Europe’s largest shopping centres, which has more than 200 shops, an excellent selection of cafes, bars, restaurants and 20-screen Vue cinema. Forest Gate has long been on the map for its great connectivity with the rest of London. From Forest Gate station, two minutes’ walk away, trains take four minutes to Stratford and 15 minutes to Liverpool Street, with onward connections via the Central, Hammersmith & City, and District lines. The station is also on the new Crossrail Elizabeth Line, which will cut journey times to Bond Street to 19 minutes and Canary Wharf to 12 minutes.
To find out more and to book a private appointment to view the show home, visit newhomes.gatewayhousing.org.uk