Join the City Fringes Set for Less Than £80K

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Homes & Property First-time buyers homesandproperty.co.uk with Join the City Fringes set for less than £80k

From £86,625: for 25 per cent of a one-bedroom ﬂat at Elizabeth Wharf in Repton Street, E14, with Regent’s Canal and Limehouse DLR station nearby

Ruth Bloomfield finds shared-ownership flats with great transport, culture and nightlife

ROM Shoreditch to Lime- There are 14 shared-ownership homes house, the belt around the for sale through Currell (currell.com) City — appropriately labelled that are managed by Spitalfields Fthe City Fringes — is fast Housing Association. Prices start from becoming the coolest place £101,125 for a 25 per cent share of a to live. With fantastic transport links, one-bedroom flat with a market price Art attack: colourful graEti in a blossoming café culture, great bars of £404,500. The monthly rent is £695. Shoreditch gives the area an edge and nightlife plus the River Thames Two-bedroom flats start at £136,719 for

nearby, modern apartments springing a 25 per cent share of a property with REX up alongside warehouse conversions a value of £546,875. The monthly rent and Georgian townhouses are breath- costs £940. a mile. Fillery says: “The development rental costs on these larger properties of minutes’ walk from fashionable ing new life into areas that were barely is on Regent’s Canal, so there are nice will be £864 a month. Narrow Street, where star chef Gordon known before the recession. PARK LIFE walks and a small park nearby.” Ramsay has a gastropub, and where Today’s prices in these areas are unat- Close to Mile End Park is Elizabeth Prices start at £86,625 for a 25 per A ZEST FOR LIMEHOUSE actor Sir Ian McKellen, a long-time local tainable for most first-time buyers. But Wharf, another scheme with shared- cent share of a one-bedroom flat priced Tower Hamlets Community Housing resident, co-owns The Grapes pub. For three separate shared-ownership ownership homes included. This devel- at £346,500. Buyers also need to factor has three one- and two-bedroom flats culture, Whitechapel Gallery is a mile schemes launching this week and next opment by Hill has 16 one-, two- and in the cost of monthly rent, set at £595. for shared-ownership sale at Lime- and a half away. month bring the opportunity to live in three-bedroom homes available Two-bedroom flats start at £104,875 house Exchange through Currell. The Limehouse Exchange starts at £77,250 the fringes for less than £80,000. through Currell. They launch on Satur- for a 25 per cent share, with a rent of homes are on the eastern end of Com- for a 25 per cent share of a one-bed- Martin Fillery, head of affordable day. Canary Wharf and the City are £721 a month on top of mortgage costs. mercial Road, within seconds of Lime - room flat with a market price of homes at Currell, which is selling all within walking distance, and Lime- Three-bedroom homes start at house DLR station and railway station, £309,000. A 25 per cent share of a three schemes, says they are similar in house’s stations are within a quarter of £125,625, again for a quarter share. The in Zone 2. The development is a couple two-bedroom flat starts at £100,000. specification and size. He adds: “The choice is all about location. Together, they offer everything from quiet and THE KNOWLEDGE: demanding protection for historic Landmarks: St Anne’s Limehouse is green to right in the middle of things.” CITY FRINGES buildings on the site. one of the fine Hawksmoor London People living or working within Tower Past: Doctor Barnardo’s Ragged Trivial pursuit: Spitalfields City Farm churches. Hamlets will be given first priority for School opened in Copperfield Road was founded in 1978 by local residents Eat: an excellent lamb hotpot at homes in all three developments. in 1877 to provide impoverished who made wasteland into allotments Shanshuijian in Commercial Road. children with a basic education. It is and kept chickens, rabbits and geese. Drink: at the fabulously Art Deco HIPSTER HEAVEN now a museum. What it costs: all three of our former dance hall Troxy, right, also in Saffron Court in Pedley Street is cen- Future: proposals have been put featured developments are in Tower Commercial Road. trally located and half a mile from forward to build an £800 million Hamlets, where an average property Buy: homeware classics at trendy Shoreditch High Street station (Zone 1), development of 1,500 homes on the costs £493,138, up 3.1 per cent Labour and Wait in Redchurch Street. with services to Canary Wharf in less brownfield 10 acres of Bishopsgate year-on-year, according to Zoopla. Utilitarian and lovely. than 10 minutes. Bethnal Green or Goods Yard in Shoreditch. Locals who Renting : a typical two-bedroom flat Walk: through 79-acre Mile End Park, Liverpool Street stations on the Central say this is overdevelopment are costs £2,282 a month. once a World War Two bombsite. line are also within walking distance.

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