NHG Homes is currently marketing apartments as part of Woodberry Down’s 64 acres of regeneration
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The arrival of the Elizabeth Line in Canary Wharf has changed the game for those seeking to buy a home.
Its rapid connections to other parts of London – directly and indirectly – make living in other parts of the capital significantly easier by cutting commutes to areas that offer something different to the neighbourhoods of east London.
Take Woodberry Down, for example.
NHG Homes is currently marketing shared ownership properties at Gadwell Quarter – part of Berkeley Group’s 5,500-home regeneration of 64 acres of land in north-east London.
Located next to Manor House Tube station on the corner of Finsbury Park, it’s now about half an hour from the Wharf via the Piccadilly Line, national rail services to Moorgate and a swift six minutes on the Liz Line via its convenient subway link to Liverpool Street.
The immense scheme sits opposite two reservoirs fed by the human-made New River and includes some 15 acres of parkland.
It boasts an established community with a pub, gym, supermarket and post office on site too.
But the north-east London location offers more.
an established neighbourhood
There’s the vibrancy of Green Lanes down the hill with its Turkish bakeries, food shops and restaurants.
Then there’s Finsbury Park itself, which has a boating lake, running track, baseball ground, tennis courts, American Football pitch and some of the friendliest squirrels in London.
To the south, residents will find the Castle Climbing Centre – a vast facility housed in a former Victorian pumping station – on their way to Clissold Park and the independent shops, bars and restaurants of Stoke Newington.
While Woodberry Down itself is a major slice of regenerated land, the communities and areas around it have been evolving for generations with all the granular intrigue and quality this lends to a place.
So what can you get for your money when buying into this Zone 2 location?
Gadwell Quarter, a place to buy…
NHG Homes recently launched a new show home as a focal point for its offering of one, two and three-bedroom apartments at Gadwell Quarter – a four-minute walk from the Tube station.
Properties feature open-plan layouts, full height glazing, private outdoor space, walk-in showers, fully fitted kitchens, laminate flooring and carpets in the bedrooms.
Prices for a one-bed start at £120,000 for a 25% share, while two-beds start at £158,750 for the same percentage.
“We’ve seen huge demand for homes at Woodberry Down over the years as the dynamic community continues to grow in this up-and-coming area of north-east London,” Diana Alam, director of sales and marketing at NHG Homes.
“With many Londoners struggling to get on the property ladder, we’re pleased that buyers will have the opportunity to choose London – and specifically Woodberry Down – as their home with shared ownership.
“High quality homes at Gadwall Quarter offer the perfect blend of tranquil nature and contemporary urban living.”
Wharfers considering a move away from Docklands won’t need to worry about access to watersports either.
The nearby reservoirs offer sailing, kayaking and canoeing or just the chance to explore Woodberry Wetlands, a haven for urban flora and fauna created in partnership with the London Wildlife Trust.
key details: Gadwell Quarter
Starting prices for one and two-bedroom homes are based on full market values of £480,000 and £635,000.
Under shared ownership, buyers purchase a minimum of 25% of the property and pay rent on the remainder as well as a service charge.
Typically this is cheaper than renting a home on the open market.
Deposits are also lower than with private sale as the buyer may be able to secure a mortgage with as little as 5% of the quarter they are buying – that would be £6,000 for the entry level one-bed at Gadwell Quarter.
Find out more about the apartments here
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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com
