Royal Docks development by NHG Homes provides apartments in an established neighbourhood in E16
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Royal Albert Wharf, sat proudly on the Thames at the eastern end of the Royal Docks, offers prospective buyers a multitude of options.
Part of a 15-year regeneration project that has seen 1,500 residential properties built in the area, NHG Homes’ scheme is an established community, connected to the capital thanks to its proximity to Gallions Reach DLR.
For the housing association, which is marketing apartments for both private sale and shared ownership at the development, it’s all about flexibility.
“Royal Albert Wharf has come into its own in the past few years as a flourishing hub in the Royal Docks, which celebrates community, culture and the rich history of the area,” said Diana Alam, director of sales and marketing at NHG Homes.
“With homes available for sale and via shared ownership, buyers can explore this unique opportunity to own a home of their own in a way that suits their budget.
“We encourage those interested in buying to take advantage of our Stamp Duty incentive before April 1, 2025, and start their home ownership journey at this fantastic development today.”
take advantage of an offer
NHG Homes is currently offering to contribute up to £25,000 towards stamp duty costs on selected homes for private sale.
Buyers must reserve properties before the end of March, 2025, to qualify for the incentive.
This option is suitable for buyers with larger deposits – £17,325 and up – who wish to avoid the rise in stamp duty that’s due to come in on April 1, 2025.
choosing to share
Buyers can also choose to purchase shared ownership properties at Royal Albert Wharf.
The minimum deposit required for an entry level property at the development would be £4,157 assuming they can secure a 95% mortgage on a 25% share in the apartment.
Buyers can then increase their stake in the property over time through staircasing until they own their home outright.
No stamp duty is payable under the scheme until their share reaches 80%, further increasing the affordability of this route.
what’s on offer?
With the recent cut in interest rates, either route to home ownership will become less expensive as lenders reduce rates on their own deals.
Apartments at Royal Albert Wharf feature open-plan design and private balconies or terraces.
The wider development boasts a concierge service, a residents’ workspace and a lounge with an on-site car club and cycle storage also available.
Parking is also offered and comes as standard with three-bedroom homes.
Local amenities include a nursery, the Well Bean Co Cafe beside dock edge, a children’s play area, a convenience store and Cafe Spice Namaste – a restaurant by noted chef Cyrus Todiwala.
The DLR provides direct connections to the Elizabeth Line at Custom House and Canary Wharf.
key details: Royal Albert Wharf
Shared ownership apartments at Royal Albert Wharf start at £83,125 for a 25% of a one-bed, based on a full market value of £332,500.
Homes for private sale start at £346,500 for a one-bed and £527,500 for a two-bed. Stamp duty incentives are available on selected homes.
Call 020 3504 3434 or visit NHG Homes’ website for full details.
Read more: SO Resi’s Kevin Sims on the advantages of shared ownership
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