Shared-ownership homes in Silvertown are ideal for first-time buyers

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Are you thinking of buying your first home this year? With plenty of regeneration underway across East London, first-time buyers have a lot to look at. Our estate agents in E16 would like to focus your attention on what Silvertown has to offer.

Silvertown shines for all to see

Nestled between Royal Docks and the Thames lies Silvertown. Once an Industrial Wasteland, it is now full of promise. It is being transformed into new waterside homes beside Royal Docks, with schools, shopping facilities and parklands. The area also has great transport options. The river crossing and new DLR station is the icing atop the regeneration cake. They will allow onward travel to be faster and more frequent.

The Refinery, Millennium Mills and Royal Wharf are great examples of regeneration in Silvertown

Some of the developments to choose from work with the shared ownership scheme, which is a great help for first-time buyers. The refinery is one such development. Here, a 35% share of a one-bed flat will cost as little as £1333 per month. This includes mortgage repayments, rent and service charge.

Other fantastic developments in the locality include Royal Wharf bringing 5,000 new homes to Silvertown, and Millennium Mills.

Buying property in East London

East London is full of opportunity and regeneration. Superb sporting facilities and social projects alongside new jobs, trade and tourism have been the plan since the concept of the 2012 Olympics was birthed. It has been a huge success in all of the above areas.

Another part of the plan has been urban regeneration and with it the provision of good quality homes for people who need them. Together with new homes the plan is for increased infrastructure to provide support to a thriving population.

Property in East London is still in big demand therefore there are plenty of new and redeveloped property for sale in the area. East London is a prime investment location. The area was full of industrial wasteland and abandoned industrial sites for many years. Many of these sites have been beautifully developed to provide much needed housing and amenities for the people who live and work in the area.

Are you a first-time buyer in E16?

If you think that Silvertown is the location for you then we are happy to say that we are in agreement. For more information on opportunities to buy in Silvertown or E16, give our team in Henry Wiltshire a call today. We may have just what you are looking for.

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