First time buyers pocket in London

May 20 2018

Just five miles from Central London and a short journey from Stratford lies Bow, an understated cultural district proving popular with first time buyers for its rich culture, artisanal treasures and most importantly, its affordability. With the average price of an apartment in Bow standing at £460,840, compared to the London average of £601,354 , this cultural pocket of East London is well suited to prospective homeowners looking to purchase in the capital without breaking the bank.

Bow is not only an attractive option for its price point but its efficient transport links too. It is within walking and cycling distance to the city and boast fast connections via Mile End station, served by the central underground line, offering journey times of just 7 minutes to Bank and 4 minutes to Stratford. From December 2018, the Crossrail links at nearby Canary Wharf and Stratford will provide more efficient links to the West End with access to Bond Street in 15 minutes and Heathrow Airport in less than 45 minutes.

Residents of Bow also have the advantage of vibrant arts and culture on their doorstep, from the Bow Arts organisation to the Nunnery Gallery. Also in easy reach of the development is Roman Road, a street market that houses vintage, craft and street food traders. A plethora of independent shops including artisan cafes, furniture and design stores and fashion boutiques are within walking distance.

An abundance of green space is within easy reach including the vast Victoria Park with its cafes, lakes and wildlife enclosures, through to 32-acre city farm in Mudchute. Residents are also just moments away from Regent’s Canal, where the changing character of the city can be witnessed on foot or by bicycle as the canal path journeys through the capital, ending at Little Venice.

Bringing more first time buyer friendly homes to Bow is Telford Homes with their newly launched Bow Garden Square development.

With first completions due later this year, the majority of Bow Garden Square will comprise of a collection of one bedroom suites and one, two and three bedroom apartments. The development is crowned by a unique collection of just 12 two and three bedroom sky villas forming the top two floors, offering panoramic views across Canary Wharf and the City beyond. Ranging in size from 482 sq. ft. to 1,115 sq. ft., all homes feature private outdoor space and offer buyers the rare opportunity to experience city-style living but in the historic, vibrant neighbourhood of Bow.

Bow Garden Square is well suited to first time buyers, young professionals and investors alike, with an extensive range of shops, bars and restaurants on the doorstep as well as fast and efficient transport connections across the capital. Homes available under £600,000 will also be eligible to purchase through the Help to Buy Scheme. With spacious three bedroom apartments and sky villas, families will also be attracted with the added benefit of the primary school directly below the development.

Apartments at Bow Garden Square have been thoughtfully designed to maximise space and create generously sized contemporary living. Floor to ceiling windows flood the rooms with light and the addition of a private balcony or terrace provides extensive views over either the landscaped square, Canary Wharf or the East London skyline. The contemporary kitchen and living spaces effortlessly combine form with function; with kitchens by East London’s Urban Myth combined with stone work surfaces and fully integrated Smeg appliances making a stylish and enjoyable space for cooking and entertaining.

Community is central to the ethos of Bow Garden Square and the addition of the new state-of-the-art primary school plays a major role in bringing both new and existing residents of Bow together. Occupying the ground floor of the development, the school will deliver 420 places as well as a multi-use games area and free play area. This innovative living-learning environment presents an immediate solution for both new and existing local residents who are on the lookout for suitable schools in which to enrol their children.

First completions are scheduled at the end of 2018 with prices at Bow Garden Square starting from £390,000 for a one bedroom suite. Help to Buy is available.

For more information potential buyers can visit www.bowgardensquare.co.uk or contact Telford Homes on 020 3620 8005.

http://cdn.telfordhomes.net/files/press_releases/2018/bow-garden-square-area-guide.pdf