Royal Docks development near Pontoon Dock DLR in east London has affordable homes on sale
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Regular readers of Wharf Life will already be familiar with Fairview New Homes’ development The Silverton in Royal Docks.
But aside from the private sale properties available, there is another way to buy an apartment at the project.
tell me more
Housing association Aster Group is marketing a selection of homes at The Silverton for purchase via shared ownership.
about the partner
Aster provides affordable housing across the south of England and in London.
Established in 1990 it has around £2.4billion of social housing assets, owning and maintaining some 37,000 properties.
The group reinvests profits from private sale and shared ownership to support the development of affordable homes, delivering hundreds to the market each year.
It currently has shared ownership homes on offer in 12 counties, with new and nearly new properties available.
what are they selling here?
A collection of shared ownership properties at The Silverton, ranging in size from one to three bedrooms.
Prices start at £88,750 for a 25% share of a one-bed, based on a full market value of £355,000.
For those able to secure a 95% mortgage, that could mean a deposit of £4,438 would be enough to make a purchase.
they say…
Amy Nettleton, Aster Group assistant development director sales and marketing, said: “We are thrilled to offer shared ownership homes at The Silverton, a prime location with fantastic commuter links.
“This development provides an incredible opportunity for many who might have thought home buying in such a vibrant area was out of reach.
“It’s exciting to see how shared ownership can open doors to the property ladder for so many.”
the area
The Silverton is within easy walking distance of Pontoon Dock DLR, offering direct connections to Woolwich, Canary Wharf and the City.
Located to the south of the Royal Docks, the area is going through extensive regeneration at present.
Further schemes will be built along the Thames, adding to Royal Wharf and Riverscape, while a massive new residential development is underway at nearby Silvertown.
Enhancing local connectivity, those plans include a new bridge across Royal Victoria Dock and upgrades to the DLR station to help cope with the expected influx of residents.
Housing prices in the area are likely to rise over the coming years given this considerable investment and there are also benefits from being London’s only enterprise zone – a scheme designed to attract businesses to base themselves in E16.
Local amenities are plentiful and The Silverton is also within easy reach of the Woolwich Ferry, London City Airport and conference and exhibition centre, Excel London.
key details: shared ownership at The Silverton
Shared ownership properties at The Silverton are available through Aster Group with prices starting at £88,750 for a 25% share of a one-bed.
Call 01380 735 480 to register your interest or visit the group’s website.
Read more: SO Resi’s Kevin Sims on the advantages of shared ownership
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