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Highly Affordable New Homes in Canning Town, London

Countryside Properties at East City Point block 16 MRHighly affordable new homes will soon be available with shared equity at Countryside Properties long-awaited East City Point development, launching on 22nd October, in Canning Town, London E16. Prices at this new development start at £132,000 for a one-bedroom apartment using Countryside Properties’ own Shared Equity scheme* meaning that buyers only require a deposit of £6,600 to make a start with home ownership. The developer will also help customers to save for their deposit.

The early phases of East City Point feature 102 homes for private sale including one and two bedroom apartments and penthouses, three bedroom family houses with private gardens and two and three bedroom ‘uberhaus’ duplex apartments with generous outside space. The development has already received a RIBA Housing Design award and is a short walk from Canning Town station which offers excellent connections to Canary Wharf (in just two stops), the City and Central London via the Jubilee Line and DLR.

There will be a stylish two-bedroom show apartment, which will display the high internal specification that comes as standard meaning that the new homes will be virtually ready for residents to move in. All the appliances in the kitchens are included, ceramic tiles are installed in the kitchens and bathrooms, and carpet is fitted in the remainder of the homes.

East City Point is at the forefront of the £3.7 billion regeneration of Canning Town and Custom House which will change the face of the local area. The development will feature a new primary school located at the heart of the scheme, which is a partnership between Countryside Properties and the London Borough of Newham. 39 homes will also be created for affordable housing provider Affinity Sutton.

Canning Town is a vibrant and exciting community in London’s East End. The cosmopolitan town centre is within easy reach of East City Point and offers a wide range of shops, bars and restaurants catering for most everyday needs. Ongoing investment and development in and around Canning Town and neighbouring Custom House will provide fantastic new amenities for the area. This includes new homes, schools, improved town centres including a new Morrisons superstore, offices and a rejuvenated Rathbone Market, based around a new market square. There will also be significant investment in transport links including a new Crossrail station at nearby Custom House.
Ian Hepworth, Sales Director of Countryside Properties said: “We are excited about launching our first homes for sale at East City Point. These are highly affordable new homes that through shared equity are available at an unbelievable price. The development has great connections to Canary Wharf, the City and Central London bringing them all within easy reach. This is a great time to buy and fully benefit from all the investment that is changing the face of Canning Town.”

Newham Mayor Sir Robin Wales said: “This development represents a crucial part of the borough’s physical and economic regeneration as we approach the London 2012 Olympic and Paralympic Games. At the heart of it is a new primary school which, coupled with a range of affordable new homes, will be a huge enhancement to the local community.

“We want our residents to have the same opportunities and aspirations as people living elsewhere in the capital. This project will provide a living environment of which they can be proud.

“London is moving east and there is huge potential here for investment, growth and greater prosperity. Canning Town is where London’s future essential economic growth can truly thrive.”

The Jubilee Line and DLR call at nearby Canning Town station and allow travel to Canary Wharf in just five minutes and Central London in 15 minutes. The new DLR extension links to Stratford International Station for the Olympics and local services, as well as Eurostar services to Paris, Brussels and beyond. London City Airport is also nearby with direct connections to many UK and European destinations.

Road connections are good with the nearby A13 leading directly out of London to the M25, 12 miles east of Canning Town. The M11 is approximately six miles to the north of Canning Town via the A13/A406.

Shared equity prices at East City Point are from £132,000 for a one-bedroom apartment and £160,000 for a two-bedroom apartment. Three-bedroom family homes are also available from £275,000. For further information please call 020 7473 1198, email eastcitypoint@cpplc.com or visit www.eastcitypoint.com.

* Shared Equity at East City Point allows purchasers to own 100 per cent of their home, yet only pay for 80 per cent of the cost. The balance is paid over a ten year period, so helping first time buyers to jump on to the housing ladder.

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