Dagenham Green delivers well connected homes on an historic site

Development by The Hill Group and Peabody is currently marketing apartments in The Empire building close to Dagenham Dock station

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Crossing rivers can save you significant amounts of money when it comes to east London property.

A studio in a residential tower just south of Canary Wharf on the Isle Of Dogs might cost you £565,000.

Travel over the River Lea to Royal Docks and you can get a newly built one-bed for £459,000.

Keep heading east along the A13 – over the River Roding – and the starting price for a one-bed at Dagenham Green is £275,000, a little over 51% less than a smaller property in E14. 

“Dagenham Green is a development that will appeal to people who are priced out of the areas they are renting in but who want to get on the ladder in east London,” said Eloise Solari.

“It’s a great time and place to invest, especially when people realise just how well connected and convenient the development is.”

As head of sales at The Hill Group, which is building Dagenham Green as a joint venture with housing association Peabody, Eloise is no stranger to the attractions of east London.

Her career has seen her work for developers that have transformed vast swathes of this corner of the capital including Galliard Homes and Ballymore. 

With significant regeneration moving ever eastwards, she joined Hill in October and is thrilled to be working on a site with so much potential value for those taking their first steps towards owning a property.

stepping onto the ladder at Dagenham Green

“I feel really passionate about building for first-time buyers,” she said.

“Dagenham Green will have a concierge service and a lounge area for residents, but we know that putting in lots of amenities can increase service charges for people and that can affect affordability.

“It’s also good for the local economy if local businesses and providers don’t have competition from on-site services such as gyms.

“That way residents have greater freedom to decide what they spend their money on.”

Those decisions will be important for the area going forward.

“While Dagenham Green is located in Zone 5, both it and nearby Barking are seeing extensive building projects come to fruition with significant new infrastructure on former industrial land. 

Hill and Peabody’s scheme alone will see around 3,500 homes built over 45 acres on a site that once hosted the Ford Motor Company’s stamping and tooling operations at its massive east London operation.

Paying respect to that history will be a heritage trail at Dagenham Green marking the achievements of women working in the firm’s factories who fought for fair remuneration in the 1960s to bring them into line with their male counterparts.

That struggle resulted in the Equal Pay Act 1970.  

But the development is also very much looking to the future, with 10 acres of landscaped parkland including playgrounds and water features, all set to be created.

Plans also include a new school, a market square, cycle and pedestrian routes and pocket gardens for residents and visitors to enjoy.

The developers are currently marketing homes at The Empire building for private sale in the first phase, which also includes towers that will house rental properties. 

Eloise said: “Every apartment at The Empire has its own balcony – the designs are really well thought out.

“The apartments are very light and properties come with all the conveniences you’d expect.”

In addition to Bosch kitchen appliances in the kitchens and sleek bathrooms – delivered via high quality modular construction – much thought has been paid to storage space.

The newly finished on-site show home, for example, features extensive built-in general cupboard space as well as a separate utility area.

transport connections at Dagenham Green

Perhaps central to Dagenham Green’s appeal, however, is its location.

The development is right next to Dagenham Dock station, offering a direct C2C rail link into Fenchurch Street in 21 minutes.

For those with lives in east London, this is the tip of the iceberg. 

The line connects to the likes of Barking and West Ham, offering a plethora of possible destinations via Tube, rail and DLR services.

That includes a commute to Canary Wharf or Stratford of about 20 minutes.

“Buyers are looking for a good work-life balance so a massive commute can be challenging,” said Eloise. 

“The Empire is located very close to the station and many people don’t realise how well connected Dagenham is, whether it’s the trains, the buses or even London City Airport.

“One of the benefits of buying early on at a big development is that the starting prices are so reasonable – it’s a good time to invest.”

surrounded by local amenities

While Dagenham Green will boast a cafe, medical centre, supermarket, commercial space and a car club on-site, residents will also benefit from what’s already in the local area.

“We’re not far from Lakeside Shopping Centre here by car and there’s also a local Asda and Merrielands Retail Park just up the road,” said Eloise. 

“We’ve had a lot of interest from local residents and businesses since we opened the marketing suite and we really welcome people coming in to say hello.”

With The Empire on a path to completion, buyers can expect brick-faced homes designed to maximise views over a five-acre urban park that pays homage to Dagenham’s marshlands. 

There will be a boardwalk area with a large pond aimed at encouraging as great a variety of flora and fauna as possible to make their homes in the area alongside incoming residents.

Also on the sustainability front, the development will feature an air-source heat pump energy centre to provide low-carbon energy.

Look east, it’s the future.       

key details: Dagenham Dock

Prices for apartments in The Empire building at Dagenham Green start at £275,000 for a one-bed, with two and three-beds also available.

The 193 shared ownership homes at the scheme are expected to launch through Peabody over the summer.

Find out more about the development here

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Southmere regeneration’s latest phase set for launch in June

Joint venture by Peabody New Homes and Lovell will see nearly 200 homes released to the market

An artist's impression of the latest phase at Southmere - image by Peabody New Homes / Lovell
An artist’s impression of the latest phase at Southmere – image by Peabody New Homes / Lovell

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Nearly 200 new homes are set to be released for sale in south-east London next month.

The one, two and three-bedroom apartments – plus duplexes – are scheduled to hit the market in June as Peabody New Homes and Lovell unveil the second phase of their joint venture to regenerate Thamesmead – Southmere.

Spread over two red brick-clad buildings, Lakeshore and Skyline, the properties are set alongside £2.5million regeneration of Southmere Lake.

The blocks boast direct views over the water with apartments that feature large windows, and private outdoor space for all residents. 

Interior design firm Suna has created schemes for both buildings with distinct colour palettes for bathrooms and kitchens in green and blue to differentiate the properties on offer.

Properties have been designed with distinct colour schemes - image by Peabody New Homes / Lovell
Properties have been designed with distinct colour schemes – image by Peabody New Homes / Lovell

lakeside living

 “Providing lakeside living with Zone 2 convenience, we are excited to soon be launching our next phase of highly anticipated homes at Southmere,” said  Raquel Soares, assistant director of sales strategy, intelligence and compliance at Peabody New Homes.

 “Located at the heart of Thamesmead’s vibrant regeneration, Lakeshore and Skyline are set to the backdrop of gorgeous green and blue spaces, exciting new amenities and exceptional transport links. 

“With properties in regeneration areas typically seeing an additional annual sale price performance of 4.3%, Southmere is inviting buyers to invest in a growing community. 

“Launching shortly, those hoping to find their place in this up-and-coming destination can register their interest now.”

Apartments come with private outdoor space - image by Peabody New Homes / Lovell
Apartments come with private outdoor space – image by Peabody New Homes / Lovell

amenities at Southmere

Residents at Southmere get access to a 16-hour concierge service, a residents’ lounge, co-working spaces and a cinema room.

Those moving into Skyline will also benefit from an entertainment room.

Those living locally will also be able to take advantage of paddleboarding, kayaking and sailing facilities at a new boat club, which is set to be unveiled on Southmere Lake.

Simon Ginsburg, head of sales at Lovell said: “We’re really excited for Southmere phase two on the beautiful lakefront in Thamesmead.   

“Our vision is to create amazing places where people want to live and a lakeside view in London on the balcony is truly a rare find.”

Southmere is located a 10-minute walk from Abbey Wood station, which offers connections to the likes of Canary Wharf, Farringdon and Paddington in 11, 20 and 28 minutes, respectively.

The hub also offers rail services to a range of destinations and there are plans to extend the DLR to Thamesmead too.

Local amenities include the likes of The Nest Library And Community Space, a Co-Op, an Anytime Fitness gym, a health centre and a dentist as well as the open public space of Cygnet Square.

The project to regenerate Thamesmead aims to preserve as much open space in the area as possible while providing new homes for Londoners.

Residents at Southmere will be within easy reach of nature reserve Tump 53 and the ancient woodlands of Lesnes Abbey Woods.

Southmere Park boasts South London’s first ever Tiny Forest, made up of 600 trees, while walking and cycling routes offer connections to the area’s five lakes, 18 kilometres of riverside walks and 7 kilometres of canals.

Homes in the latest phase of the Southmere scheme are set to go on sale from June 21 - image by Peabody New Homes / Lovell
Homes in the latest phase of the Southmere scheme are set to go on sale from June 21 – image by Peabody New Homes / Lovell

key details: Southmere

Prices for private sale homes in the second phase of Southmere start at £350,000. The apartments will be available from June 21, 2025.

Shared ownership properties at the development are scheduled to launch in 2026.

Find out more about the development here

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Bromely-By-Bow Gasworks set for thousands of St William homes

Redevelopment of brownfield land is one of three sites in east London in Berkeley Group company’s pipeline of regeneration projects

An aerial view of the Bromley-By-Bow Gasworks site - image by Berkeley Group
An aerial view of the Bromley-By-Bow Gasworks site – image by Berkeley Group

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East London is set to see an explosion in the number of homes built on former gasworks as developer St William gets going with its plans.

Part of Berkeley Group, the company is set to build thousands of homes on the former industrial complexes in the coming years.

Most recently it received planning permission to construct more than 2,150 residential properties at Bromley-By-Bow Gasworks, a 23-acre site on the River Lea, just south of Three Mills Island.

The plans include a £72million investment in the restoration of the site’s seven Grade II listed gas holders and boast extensive open space including a 4.2-acre park on the river bank.

An artist's impression of the Bromley-By-Bow Gasworks development - image by Berkeley Group
An artist’s impression of the Bromley-By-Bow Gasworks development – image by Berkeley Group

prime brownfield: Bromley-By-Bow Gasworks

“This is one of the most challenging brownfield sites in the country and transforming it into thousands of sustainable, well-connected homes and a publicly accessible 4.2-acre river front park was always going to require a unique, collaborative solution,” said St William managing director Dean Summers.

“It is a testament to our brilliant partnerships with Historic England and the London Borough Of Newham and the invaluable input we have received from residents that we have reached this milestone and that we move one step closer to realising this site’s enormous potential. 

“Private-public sector collaborations like these have never been more important as we continue to navigate challenging market conditions and work together to boost housing delivery and growth.”

The east London scheme features buildings constructed within the gas holders - image by Berkeley Group
The east London scheme features buildings constructed within the gas holders – image by Berkeley Group

from historic into the future

Regional director for Historic England in London and the South East, Tom Foxall, added: “These regeneration plans form Bromley-By-Bow Gasworks are an exemplar of how historic brownfield sites can be transformed into new developments that both help address the housing shortage and boost local economic growth, while embracing an area’s cherished heritage.”

The plans include 13 residential buildings, some of which will sit within the existing gas holder frames as well as 30,000sq ft of commercial space.

This latest scheme sits adjacent to Berkeley’s 22-year TwelveTrees Park development, which will deliver more than 3,800 homes on a site next to West Ham station and includes a new entrance to the transport hub.

A series of open spaces and parks will be created as part of the project - image by Berkeley Group
A series of open spaces and parks will be created as part of the project – image by Berkeley Group

and beyond Bromley-By-Bow Gastworks, in Stratford and Beckton…

In addition to these schemes, St William was also granted planning permission in January for the long derelict Stratford Gasworks site.

Here the developer is set to build a 245-home development, designed in partnership with Cowen + Partners and LDA Design. 

Its scheme responds to the nearby Grade II* listed Abbey Mills Pumping Station and a group of listed mid-19th century houses designed by sewer network creator Joseph Bazalgette.

St William has also submitted a planning application for Beckton Gasworks, a site close to the Thames, up the river from Royal Albert Dock.

Here the company plans to build around 2,900 new homes and more than 50,000 sq ft of commercial space on 12 hectares of land.

With permission granted for thousands of homes, buyers seeking properties on former industrial land won’t be short of choice in the coming years.

key details: Berkeley Group homes

While homes at Bromley-By-Bow Gasworks and the other industrial sites are not yet available to buy, those looking to secure a Berkeley-built property can find apartments for sale from £495,000 at TwelveTrees Park.

More information about the forthcoming schemes can be found online.

Read more: How Orbit Clipper is set to become the first all-electric ferry on the Thames

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Southbank Place unveils final apartments to buy at Seven

The final part of Braeburn Estates’ riverside scheme offers 92 apartments for sale overlooking the London Eye, the water and the city beyond

An artist's impression of Southbank Place's Seven - image by Braeburn Estates
An artist’s impression of Southbank Place’s Seven – image by Braeburn Estates

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The opportunity to buy into Southbank Place is coming to a close.

With the rest of the central London development sold out, only a last act awaits with the forthcoming release of apartments in its final block.

Braeburn Estates, a joint venture between Qatari Diar and Canary Wharf Group, recently unveiled the first images of what that last building – Seven – will be like.

Set to complete and launch to the market in the second half of 2025, the block will house 92 homes, all facing the Thames and the north bank of the river beyond.

One, two, three and four-bedroom apartments will be available as well as penthouses. 

Designed by architects Stanton Williams, the properties feature open-plan design and come with a full complement of technological features. 

Interior schemes have been created by studio Albion Nord, although with prices starting at £3.85million, buyers are likely to want to put their own stamp on their surroundings.

The apartments all feature views of the river - image by Braeburn Estates
The apartments all feature views of the river – image by Braeburn Estates

creating Seven at Southbank Place

“We’ve always been passionate about the quality of the spaces we inhabit – how important the details and materials are for our wellbeing and quality of life,” said Stanton Williams principal director, Paul Williams. 

“Our aim is always to focus on those qualities of space, movement through space, how buildings unfold, how natural daylight enters, engages and transforms a building. 

“These are the fundamental elements of architecture and that is the main aim of the design for Seven.”

Buyers at the building will get access to the 5.25-acre development’s 17,000sq ft private health club that comes complete with a 25-metre swimming pool, a gym, workout rooms, relaxation pods, treatment rooms and a hair and beauty studio.

“Seven provides the final opportunity to own a piece of London’s iconic skyline at Southbank Place,” said Qatari Diar chief sales and marketing officer, Richard Oakes.

“It not only presents the final chance to live here, but also provides some of the finest apartments available at this landmark development. 

“There has been a fantastic response from the market during the initial off-plan sales period, with a number of sales and reservations, which we believe will only gain further momentum as we near completion.”

An artist's impression of Seven, the final phase of Southbank Place - image by Braeburn Estates
An artist’s impression of Seven, the final phase of Southbank Place – image by Braeburn Estates

central location

Located within easy walking distance of the Southbank Centre, Royal Festival Hall and the National Theatre, the development also benefits from the transport links of nearby Waterloo station including a direct Tube link to Canary Wharf. 

“The interior and exterior designs at Seven are exceptional, with large balconies offering sensational views and impressive open-plan interiors that make a real impression when walking through the door,” said Canary Wharf Group director of residential sales, Melanie Conway. 

“We look forward to working towards the full launch and welcoming prospective purchasers to secure their own piece of this iconic building.”

The properties feature open-plan design and private balconies – image by Braeburn Estates

key details: Seven at Southbank Place

Homes at Southbank Place’s Seven start at £3.85million. Each faces the Thames.

The development has been built by Braeburn Estates, a joint venture between Qatari Diar and Canary Wharf Group.

Call 020 7001 3600 for details or follow this link for more

Read more: Awe London to open its doors at 8 Harbord Square

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Poplar Riverside delivers shared ownership homes by the Lea

Housing association Poplar HARCA is marketing a collection of 96 affordable apartments at the east London development by Berkeley Homes

Poplar Riverside is located within walking distance of Canary Wharf – image by Simon Taylor / simontaylorphoto.com

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Housing association Poplar HARCA is currently marketing a selection of 96 shared ownership properties on the west bank of the River Lea in east London.

The apartments form part of the wider Poplar Riverside development, which is currently under construction by Berkeley Homes and will eventually see 2,800 residences built on the site of a former gasworks.

Plans for the 20-acre site include a new one-hectare park with green spaces, play areas and extensive landscaping, commercial space for businesses and amenities, a freshly cleared riverside walk and a secondary school.

Poplar HARCA’s collection of one and two-bedroom apartments are spread across three buildings at the development. 

Prospective buyers can expect open-plan living areas, fully fitted kitchens with Bosch appliances, rainfall showers in the bathrooms, underfloor heating, fitted window coverings and private outdoor spaces.

The apartments feature open-plan design - image by Simon Taylor / simontaylorphoto.com
The apartments feature open-plan design – image by Simon Taylor / simontaylorphoto.com

facilities at Poplar Riverside

But Poplar Riverside offers buyers more besides what’s in their own property.

Residents will enjoy access to The Riverside Club, with planned facilities including a 20m swimming pool, jacuzzi and spa, a lounge area, co-working spaces, a games room and a private cinema. 

“There are many reasons why buyers should consider looking to secure an apartment at east London’s Poplar Riverside,” said Helen Mason, head of sales and marketing at Poplar HARCA.

“The developer, Berkeley Homes Group, is an award-winning company with 40 years of experience and a proven history of delivering exceptional places for people to live, work and enjoy, with sustainability in mind.   

“Poplar HARCA is an award-winning Housing Association in east London, helping to create a place where people, communities and business grow and thrive. 

“Our sales team takes pride in making shared ownership simple and straight forward with our staff on hand throughout your journey to make it stress-free. 

“Being a shared owner is one of the most flexible ways on the market to make your home your own.”

Location is of key importance to buyers and Poplar Riverside’s situation places it at the heart of widespread local regeneration. 

It’s well located for East India DLR station as well as the Jubilee Line, DLR and bus services at Canning Town. 

Canary Wharf is less than 30 minutes’ walk or a 10-minute bike ride.

Just across the Lea, ecological regeneration project Cody Dock is working to understand and boost local wildlife. 

There are plans for three bridges in the area to increase connection across the water and shorten travel times to public transport stops.

Prices for shared ownership properties start at £105,000 for a 25% share of a one-bed based on a full market value of £420,000.

Two-beds start at £117,500 based on a full value of £470,000. 

Assuming buyers purchase with a 95% mortgage that could mean 5% deposits on those properties of £5,250 and £5,875 respectively. 

Poplar HARCA is offering one and two-bedroom properties at Poplar Riverside - image by Simon Taylor / simontaylorphoto.com
Poplar HARCA is offering one and two-bedroom properties at Poplar Riverside – image by Simon Taylor / simontaylorphoto.com

key details: Poplar Riverside

Poplar HARCA has two show flats for prospective buyers to view in two blocks at Poplar Riverside. For more information or to register your interest, email

sales.enquiries@poplarharca.co.uk or call 020 7538 6460.

Find out more about the homes here

Read more: SO Resi’s Kevin Sims on the advantages of shared ownership

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Royal Albert Wharf offers shared ownership homes in east London

Royal Docks development by NHG Homes provides apartments in an established neighbourhood in E16

Royal Albert Wharf is located on the Thames in east London - image by Uliana Slovova
Royal Albert Wharf is located on the Thames in east London – image by Uliana Slovova

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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.

The development is located on the eastern edge of Royal Docks - image by Tidyworks
The development is located on the eastern edge of Royal Docks – image by Tidyworks

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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Square Roots Lewisham homes boast easy access to the Wharf

London Square’s affordable housing provider is delivering shared ownership homes within easy reach of E14, the City and beyond

Square Roots Lewisham shared ownership apartments are ready to move into - image by Matt Clayton / mattclaytonphotography.co.uk
Square Roots Lewisham shared ownership apartments are ready to move into – image by Matt Clayton / mattclaytonphotography.co.uk

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what’s this?

This is Square Roots Lewisham, a development in south-east London with a collection of 116 shared ownership properties available. 

lovely, what’s on offer?

There are one, two and three-bedroom apartments on sale as well as duplexes. The homes feature open-plan design, fully fitted kitchens and bathrooms plus private balconies or terraces as well as space for home working.

who built it?

The scheme has been delivered in partnership with affordable housing provider Square Roots’ parent company developer London Square, providing affordable housing to prospective buyers.

what else do buyers get?

The scheme’s shared ownership properties come with a 990-year lease and form part of a newly created riverside development that features landscaped gardens, play areas and a communal rooftop space.

The project also boasts space for retail business and offices. 

Cycle storage space has also been included, meaning residents who favour two wheeled transportation can easily take advantage of an extensive network of local cycle paths connecting the area to Greenwich, Blackheath and Deptford.

This image has an empty alt attribute; its file name is vb5166227_MClayton_2406-8-LSQ-LEW_030_3200x2134WEB.webp
Prices start at £102,500 for a 25% share of an apartment at the development - image by Matt Clayton / mattclaytonphotography.co.uk
Prices start at £102,500 for a 25% share of an apartment at the development – image by Matt Clayton / mattclaytonphotography.co.uk

buying in the right location

where is it? 

Square Roots Lewisham is located about seven minutes’ walk from Lewisham station, which offers direct links to Canary Wharf and the City via the DLR and national rail services respectively.

Set on the edge of the River Ravensbourne, residents will benefit from the wider regeneration of Lewisham, which has seen many homes and amenities arrive in the area in recent years.

and the quality of the scheme?

The Square Roots Lewisham scheme has won much positive recognition for its offering. 

To date, the development has collected an Evening Standard New Homes Award 2024 for Best Shared Ownership Home, the Gold Award for Best Starter Home at the WhatHouse? Awards 2024 and Best Large Development Of The Year at the First Time Buyer Readers’ Awards 2024.

can I see it?

Yes. Square Roots has show homes on-site for prospective buyers to explore, enabling interested parties to get a feel for the finishes and location of the apartments. 

Shared ownership buyers live in their properties with the same decorative rights as leaseholders, so buyers will also be free to make any non-structural changes to the interior that they wish.

what about costs? 

Let’s take a look at a two-bed. The full market value of a 660sq ft apartment of the apartment in question is £525,000, meaning shared ownership buyers could purchase a minimum share for £131,250.

Assuming the buyer is able to access a 95% mortgage, they’d need a deposit of £6,563, meaning loan repayments of around £775 per month over a 25-year term. 

Below market rent would be payable on the remaining 75% of the apartment of £902, plus service charge of £174 making a total expected monthly outlay of £1,851.

At the time of going to press, this compared favourably with the vast majority of two-bedroom homes listed for rent locally either being smaller, more expensive or considerably further from the area’s transport links. 

This image has an empty alt attribute; its file name is vb5166212_MClayton_2406-8-LSQ-LEW_037_3200x2134WEB.webp
The apartment are located close to Lewisham for DLR and national rail services - image by Matt Clayton / mattclaytonphotography.co.uk
The apartment are located close to Lewisham for DLR and national rail services – image by Matt Clayton / mattclaytonphotography.co.uk

key details: Square Roots Lewisham

Homes at Square Roots Lewisham are available now, with prices starting at £102,500 for a 25% share of a one-bedroom apartment based on a full market value of £410,000.

Those interested in a home with Square Roots can either register their details via the company’s website or call 0333 666 0102 for more details.

Read more: SO Resi’s Kevin Sims on the advantages of shared ownership

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SO Resi director Kevin Sims on the benefits of shared ownership

We talk lower deposits, security of tenure and staircasing with the man overseeing Metropolitan Thames Valley housing association’s operation

SO Resi director Kevin Sims - image by SO Resi
SO Resi director Kevin Sims – image by SO Resi

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“It’s about educating people on what the product is and what process they will go through when buying something with us,” said Kevin Sims, director of affordable homes provider SO Resi, part of Metropolitan Thames Valley (MTV) housing association. 

As we’re running a special feature on shared ownership in Wharf Life, we thought we’d turn to an expert in the field to offer readers some clarity on the scheme and whether it might work for them.

First, a few facts.

The way shared ownership works is relatively simple.

Buyers essentially enter into a partnership with an affordable housing supplier such as a housing association. 

They purchase typically between 25% and 75% of a property, paying rent at a capped level on the rest as well as any service charges due.

To be eligible, buyers in London must have a combined household income of less than £90,000 a year and not own another property.

But why go down this route at all? 

“A lot of people aspire to home ownership – we’d all like to live in a five-bedroom house in Kensington, but most of us can’t do that,” said Kevin who joined MTV six years ago and now looks after the organisation’s shared ownership buyers throughout their journey with SO Resi. 

“While 100% ownership might be the goal, some people will only be able to achieve 50% or 75% but owning a share in a property is still better than renting. 

“One of the most important things you get as a shared ownership buyer is what I call: ‘Security of tenure’.

“If you’re renting, you don’t own anything.

“Your landlord might wake up on any given morning and decide they want to sell up – you’re constantly at the mercy of a notice period and all the stress and worry that comes with an unexpected move.

“That’s not going to happen to a shared owner.

“There might be a situation where someone defaults very badly on their rent and mortgage, but as a housing association we’ll be there to step in and help so, unless someone’s got themselves into a real pickle, there will never be anybody saying they have to move out in a month’s time.

“That security is a really valuable part of the product.

“There’s also freedom of expression of course.

“Shared owners can decorate the property however they want – they’re more or less free to live in it like they own it outright.”

Homes at SO Resi Canning Town in east London have proved popular -SO Resi director Kevin Sims - image by SO Resi
Homes at SO Resi Canning Town in east London have proved popular -SO Resi director Kevin Sims – image by SO Resi

more affordable

It’s not just peace of mind, however.

Not only is the monthly cost of a shared ownership property in east London typically cheaper than monthly rent on a comparable home, the bar to getting on the ladder is significantly lower too.

“Saving a 10% deposit for a £400,000 one-bed apartment would mean putting aside £40,000 before you consider the other conveyancing and moving costs and that’s unmanageable for a lot of people,” said Kevin.

“The only way many can manage to raise a 10% deposit would be to move out of London and that just isn’t possible for some.

“But if you bought a 25% share in that property with a 10% deposit, you’d only need to save £10,000. That’s still a lot, but it’s considerably easier than buying outright. 

“There’s also recently been an increase in the number of 95% mortgages available and having to only find £5,000 makes a very, very big difference. 

“That allows a whole load of people who can’t buy into the housing market any other way to do so.

“That means they have an asset and, while people would aspire to own 100% of a property, I’d certainly rather have 25% than nothing at all.

“In long term, the value of that asset will grow – nobody’s going to lose out on buying at any one of our London developments whether that’s at Canning Town, Nine Elms or Wembley.

“Of course there are places on the outskirts of the capital but they’re no substitute for London life, which is why people find it so attractive. 

“Consequently shared ownership is a big draw for lots of people, especially those who are renting at high rates in the city.”

staircasing with SO Resi

The journey doesn’t end with the purchase of the first share, however, with buyers able to increase their stake in a property, paying less rent as their level of ownership increases. 

“The process is called ‘staircasing’ and there are lots of ways that shared owners can do that,” said Kevin.

“For many years, for example, we’ve offered shared owners the option to increase their stake in a property by 1% every 12 months.

“Unlike some other housing associations, MTV under that SO Resi umbrella actively encourages staircasing and we have a big team to facilitate it. 

“At present, about 8% of our shared ownership buyers own all of their home so for some it’s an aim rather than a destination.

“If somebody then wants to move out, that’s not a problem either.

“We are very proactive if someone wants to sell their share and it’s now a straightforward process to either market it through us or via an estate agency.”

SO Resi Canning Town apartments feature open-plan design - image by SO Resi
SO Resi Canning Town apartments feature open-plan design – image by SO Resi

key details: SO Resi Canning Town

There are still some shared ownership properties left to purchase at SO Resi Canning Town in east London.

Prices start at £98,750 for a 25% share in a one-bed with estimated monthly outgoings of £1,371.

The apartments are located within easy walking distance of Canning Town station for access to the DLR and Jubilee line, offering direct connections to Canary Wharf, the City, London City Airport, Excel and Stratford. 

Kevin said: “There’s a whole raft of reasons why your London professionals will see Canning Town as a very attractive proposition – it’s got lots of appeal to lots of different kinds of people.

“It’s been really successful as a scheme for us and you can see why buyers want to live there.”

Find out more about the development here

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Stonebond schemes offer space plus easy drive to Canary Wharf

Buyers can make savings if they purchase home at Waterbeach, Woodbanks and Wintringham about an hour by road from east London


Stonebond is urging buyers to act rapidly to beat the 2025 Stamp Duty rise
Stonebond is urging buyers to act rapidly to beat the 2025 Stamp Duty rise

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For many Londoners, escaping the smoke is the dream.

The idea of cashing in and leaving the city behind for more space and a better quality of life is a potent temptation.

Developer Stonebond is currently urging those in a position to do so not to delay.

The company is currently marketing three schemes, one at in Hertfordshire, just up the M11 and two in Cambridgeshire about an hour from Canary Wharf by car.

Why the urgency? 

Well, on April 1, 2025, Stamp Duty is set to rise both for first-time buyers and those already on the ladder, presenting a window of opportunity. 

Stonebond said those purchasing their first home would be hardest hit with an extra £6,250 payable thanks to a drop in the threshold when tax becomes payable from £425,000 to £300,000 and a 5% charge for homes priced between £300,001 and £500,000.

Other buyers will see the threshold halved from £250,000 to £125,000 increasing the cost of moving home across the whole market.  

However, those able to buy and move into a home before March 31, 2025, can beat the tax rises and Stonebond has properties that are all ready to go.

The developer is currently marketing homes at three locations
The developer is currently marketing homes at three locations

places to purchase with Stonebond

Closest to east London is Woodbanks, a scheme in Takeley near Bishop’s Stortford.

The development benefits from 11 acres of green space and is located a six-minute drive from the M11, offering rapid journeys into Canary Wharf.

Homes available include The Gosfield, a four-bedroom house extending to some 1,497sq ft and on the market for £599,999.

Somewhat further out is Waterbeach, a scheme just north of Cambridge off the A10. Properties on offer include apartments offered through the Discount Market Sale scheme. 

For those who’d prefer a house, The Newbury is a three-bedroom detached home with two terraces and a private garden priced at £625,000. 

There’s also The Beckett, a four-bedroom townhouse with two en suites and a top floor terrace for £685,000. 

Finally, Wintringham, close to St Neots, promises a “thriving new community” and a range of four-bedroom homes with prices starting at £485,000.

All three schemes have properties that are ready for buyers to move into before the end of March.

Stamp Duty is set to rise in April 2025
Stamp Duty is set to rise in April 2025

a buyer’s feedback

Waterbeach buyer Karen Wong, who recently purchased a property at the development said: “I’m thrilled to have purchased a three-bedroom home. 

“From the moment I first visited, I was captivated by the peaceful, natural surroundings, and now I can’t wait to move in and start enjoying everything this incredible location has to offer. 

“My new home is characterful, with a cosy and beautiful courtyard garden and two terraces, giving me the perfect spaces to take in and enjoy in the breathtaking and scenic views.

“When I learned about the tax thresholds changing, I started my property search earlier than I initially planned. 

“The adjustments could potentially have cost me an additional £6,000, so I knew I needed to start looking for a new home quickly. 

“The Stonebond team have been brilliant, guiding me through every step of the process and ensured I could complete ahead of the deadline, even with purchasing off-plan.

“Their support has been invaluable.”

Stonebond sales and marketing director, Annette Cole, added: “We’re pleased to be providing an unmissable opportunity to our customers, allowing them to take advantage of the savings that come with completing before the adjustments set in.”

Stonebond's schemes offer countryside living
Stonebond’s schemes offer countryside living

key details: Stonebond

Find our more about Stonebond’s developments on the company’s website or call 01245 377 299.

Find out more about the schemes here

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SO Resi Canning Town homes still available at east London hub

With 17 apartments remaining, buyers have the chance to purchase shared ownership homes

SO Resi Canning Town is located in a bustling east London neighbourhood
SO Resi Canning Town is located in a bustling east London neighbourhood

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There are 17 chances left to get on the property ladder at SO Resi Canning Town.

Well over half of the shared ownership properties at the east London scheme – a collection of 37 one, two and three-bedroom homes located at the Manor Road Quarter development – have already sold.

But there’s still time to pick up a share and, with mortgage costs likely to fall if the Bank Of England cuts the base rate, the apartments are looking ever more affordable.

 “SO Resi Canning Town offers a real opportunity to purchase a Zone Two apartment in 2025” said Kevin Sims, director of SO Resi, the shared ownership brand of Metropolitan Thames Valley Housing, the fifth largest housing association in the UK.

“Proposed plans from Newham Council mean the new town centre is set to be home to a new community hub, cinema, shops, office spaces, as well as brand new shared ownership homes. 

“By choosing from our final 17 properties, prospective homeowners are set to gain a foothold in London’s property market alongside becoming a part of a vibrant and emerging community.”

There are 17 properties still up for sale
There are 17 properties still up for sale

getting on the ladder for less

While a first-time buyer purchasing a property worth £395,000 at SO Resi Canning Town might normally expect to have to find a 10% deposit of £39,500, the government-backed shared ownership scheme means raising significantly less up front.

For a 25% share of that apartment, worth £98,750, they could secure a deal with a 5% deposit of just under £5,000, paying rent on the unowned portion of the home as well as the service charge.

Owners then have the option to increase the share of the property they own in a process called staircasing, decreasing the rent payable on a home. 

SO Resi Plus offers owners the opportunity to incrementally increase their stake by 1% each year with no additional fees or valuations, a scheme that has proved so successful it is now available nationwide.

The Canning Town apartments themselves feature open-plan living areas, fully fitted kitchens with Zanussi appliances and solid timber floors. 

All enjoy private balconies and feature built-in storage solutions, with living spaces ranging from 557sq ft to 971sq ft.

The area is increasingly attractive to buyers with extensive regeneration ongoing and a multitude of transport links connecting it to the rest of the capital.

There are 17 properties still up for sale
Homes are available on a shared ownership basis

key details: SO Resi Canning Town

Prices at SO Resi Canning Town start at £98,750 for a 25% share of a one-bed.

Find out more about the scheme here

Read more: How Arc is bringing the ‘largest sauna in the UK to Canary Wharf

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