how East River Wharf is o ering buyers £5,000 towards their moving costs when reserving by June 30 Pages 14-15
Call our team on 020 7205 4021 or email cmiller@kiddrapinet.co.uk, ypatel@kiddrapinet.co.uk or mzvarykina@kiddrapinet.co.uk
£5k
Contribution towards moving costs for buyers reserving a home at East River Wharf by June 30
Homes at East River Wharf boast private balconies and open-plan living areas
The Sky Lounge overlooks the Thames, Greenwich Peninsula and Canary Wharf
how East River Wharf is set to host an open day for prospective buyers and an incentive of £5,000 to purchase
by Jon Massey
what’s the news?
Legal And General Affordable Homes is set to host an open day for its shared ownership properties at East River Wharf.
when’s it happening?
The housing provider has scheduled the event for May 10 in the Sky Lounge at the development, which is part of Riverscape, a scheme on the banks of the Thames in Royal Docks.
what’s new?
Legal And General is currently offering a £5,000 contribution towards buyers’ costs when purchasing a new home. The idea is to lessen the burden of purchasing a property, be that stamp duty, moving costs or legal fees.
how does it work?
The £5,000 is deducted from the overall cost of the property on completion with the purchaser responsible for assigning the cash appropriately.
To be eligible, buyers must reserve their shared ownership home before midnight on June 30 this year.
tell me about East River Wharf Located close to Lyle Park, the scheme offers one, two and three-bedroom apartments within easy walking distance of Silvertown and Pontoon Dock DLR stations. They also benefit from Royal Wharf Pier, which is served by the Uber Boat By Thames Clippers river bus service.
what are the properties like?
The shared ownership apartments feature open-plan living spaces, fully fitted kitchens with integrated Siemens appliances, private balconies and an NHBC 10-year build warranty.
and the residents’ facilities?
Those moving into East River Wharf will get access to a residents’ gym, pool and spa as well as Riverscape’s Sky Lounge. There’s also a 24-hour concierge service and estate security.
what’s the area like?
East River Wharf’s blocks are located close to Lyle Park on the western edge of the Royal Wharf area. Locally, many businesses are now established including a
riverside pub, cafés, restaurants, a convenience store and a nail salon. The scheme is also close to publicly accessible tennis courts and Thames Barrier Park, which boasts extensive landscaping and open space along the river. and the location?
Royal Wharf is undergoing vast swathes of regeneration and boasts strong transport links to other areas of London. Canary Wharf is around 15 minutes away, with direct links to the likes of London City Airport, Woolwich and Bank also available.
why shared ownership?
The scheme allows buyers to access housing with a much lower deposit than when purchasing a home on the open market. This typically results in monthly outgoings that are cheaper than renting a home in the same area.
Housing providers sell a share of a home – often 25% – with buyers taking out a mortgage on just that portion of the property. That means they may pay as little as 5% of that value as a deposit. They then pay a capped belowmarket rent on the rest plus the full service charge and can live in the property essentially as though they own it.
getting more
Owners can choose to increase their share in a property via a process called staircasing right up to 100%. As their level of ownership rises, the rent they pay falls.
how much is East River Wharf?
Prices at the development start at £96,875 for a 25% share of a one-bed based on a full market value of £387,500. Two-beds and Three-beds are also available.
key details
Legal And General Affordable Homes Open Day at East River Wharf is set to take place on May 10 from 10am-4pm in the Sky Lounge, offering tours of available apartments.
Those wishing to attend should register online via the company’s website. Go to landgah.com for more information
Scan this code to nd out more about East River Wharf’s Open Day
Prices start at £96,875 for a 25% share of a one-bed
East River Wharf is hosting an open day on May 10
Rise in average asking prices for the whole of the UK. London also reached a record high
Rightmove found buyer con dence increasing despite stamp duty rises
signs of
strength
how the property market remains resilient as the latest Rightmove gures are released
by Jon Massey
Stamp duty increases don’t appear to have dampened the expectations of buyers according to a recent report by property portal Rightmove. The company reported a new record average asking price in April with a rise of 1.4% to £377,182. This increase of £5,312 comes against a backdrop of tax increases and the largest number of homes for sale at this time of year for a decade.
In London, the average asking price rose to a record £699,200, up 0.4% year on year with sellers taking an average of 65 days to find a buyer – just over the national average.
“We’ve seen our first price record in nearly a year, despite the number of homes for sale being at a decade-high,” said Colleen Babcock, property expert at Rightmove. “The increased choice seems to be bringing more movers into the market, with both buyer and seller numbers up as the market remains resilient. Confidence from new sellers is a good sign for the overall health
London, for example, is likely to see greater knock-on e ects from US tari s than the rest of Great Britain. It’s di cult to predict what the next months will bring
Colleen Babcock, Rightmove
of the market, but they do need to be careful when setting their asking price.
“The high level of supply in the market right now means buyers are likely to have plenty of homes in their area to choose from and an overpriced property will stick out for the wrong reasons.
“It’s important to remember that among records and national trends, Great Britain’s housing market is made up of thousands of diverse local markets, each uniquely responding to market changes and world events.
“London, for example, is likely to
see greater knock-on effects from US tariffs than the rest of Great Britain, while northern regions appear to be performing more strongly post-stamp duty rise. It’s difficult to predict what the next few months will bring, but if mortgage rates reduce more quickly, it would be a helpful boost to buyer affordability.”
Rightmove data shows sold prices in Tower Hamlets were down 4% on last year and 13% down on their 2021 peak. Values in Greenwich were up 1% on last year but down 2% on their 2022 peak. Newham sold prices saw a 3% fall year-on-year, but remain similar to their 2022 peak. Southwark saw prices plunge 6% over the last year, 4% down on their 2018 peak. The picture in Lewisham was brighter, however, with prices rising 6%, 4% up on the 2022 peak.
Go to rightmove.co.uk
Scan this code to nd out more about prices with Rightmove
Image by I-wei Huang
You’ve saved for the keys, let us help with the fees.
Save £5,000 on your moving fees this Spring with Shared Ownership!
With stamp duty rates rising and various other fees involved in the process, moving home can be a costly business. We want to help make your money go further, which is why we’re contributing £5,000 towards your new home at East River Wharf.
Contact our team for more details Call 020 3993 6649
East River Wharf
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PUBLIC NOTICE
MARINE AND COASTAL ACCESS ACT 2009
APPLICATION FOR ZEVI UK
Notice is hereby given that Collins River Enterprises Ltd, 3rd Floor, Clipper House, Trinity Buoy Wharf, London, E14 0JY, has applied to the Marine Management Organisation under the Marine and Coastal Access Act 2009, Part 4, for a marine licence to undertake the removal of 400m3 of material using plough dredging.
Copies of the application and associated information may be viewed online in the Public Register at: www.gov.uk/check-marine-licence-register.
Representations in respect of the application should ordinarily be made by:
- Visiting the MMO public register at https://marinelicensing.marinemanagement.org. uk/mmofox5/fox/live/MMO_PUBLIC_REGISTER/ search?area=3 and accessing the ‘Public Representation’ section of case reference MLA/2025/00061;
However, we will also accept representations via the following formats:
- By email to marine.consents@marinemanagement.org.uk; or alternatively
- By letter addressed to Marine Management Organisation, Lancaster House, Hampshire Court, Newcastle upon Tyne, NE4 7YH
In all cases, correspondence must:
- Be received within 28 days of the date of the rst notice – 16/04/2025;
- Quote the case reference; and
- include an address to which correspondence relating to the representation or objection may be sent.
The Marine Management Organisation will pass to the applicant a copy of any objection or representation we receive.
SPECIAL TREATMENT LICENCES
LONDON BOROUGH OF TOWER HAMLETS SPECIAL TREATMENT LICENCES
Notice is given that: STUDIO 34 Tattoo
Has applied to the London Borough of Tower Hamlets for: Tattoo
Licence(s) for the premises: STUDIO 34 Tattoo, 5 Skipper Yard, Lockside Studios, Studio 3, London, E3 2RF
Anyone wishing to oppose the application must give notice in writing to the Service Manager Of Regulatory Services (Commercial), Communities Directorate, 4th Floor Tower Hamlets Town Hall 160 Whitechapel Road London E1 1BJ WITHIN THREE WEEKS specifying the grounds of opposition. Persons objecting to the grant of a licence must be prepared to attend in person at a hearing before a Committee of the Council.
LONDON BOROUGH OF TOWER HAMLETS SPECIAL TREATMENT LICENCES
Notice is given that: Sophia Green
Has applied to the London Borough of Tower Hamlets for: Manicures
Licence(s) for the premises: 28 Gossamer Gardens, London, E2 9FN
Anyone wishing to oppose the application must give notice in writing to the Service Manager Of Regulatory Services (Commercial), Communities Directorate, 4th Floor Tower Hamlets Town Hall 160 Whitechapel Road London E1 1BJ WITHIN THREE WEEKS specifying the grounds of opposition.
Persons objecting to the grant of a licence must be prepared to attend in person at a hearing before a Committee of the Council.
