L&Q: Shared Ownership launched at Beam Park, East London
First time buyer apartments available in Havering and Barking & Dagenham
Leading housing association L&Q has recently launched the first phase of new Shared Ownership homes at L&Q at Beam Park, offering first time buyers the chance to get on to the property ladder in this pioneering residential neighbourhood.
Transforming a 71-acre site with 3,000 new homes and substantial public infrastructure, Beam Park is a joint venture between L&Q and Countryside creating a brand new neighbourhood bordering two of London’s most affordable boroughs to live in.
Located across the London Boroughs of Barking & Dagenham and Havering, residents at L&Q at Beam Park will enjoy a new public square, a medical centre, two schools, retail spaces, a gym, nursery, community facilities, and a multi-faith space. Purchasers will be joining an already growing community, with over 100 of Countryside’s residents moved in to Beam Park.
L&Q’s recent launch of 10 one and two bedroom apartments offers the chance for first time buyers to get on to the ladder through Shared Ownership at L&Q at Beam Park, with deposits starting from just £6,500. Priority was initially given to residents who live and/or work in the London Borough of Barking and Dagenham and London Borough of Havering.
Claire Brenlund, Sales Director at L&Q London comments, “L&Q at Beam Park is one of London’s most exciting new developments, delivering a significant number of homes as well as fantastic community infrastructure, benefitting both Beam Park local residents and the surrounding neighbourhoods. We are thrilled to be offering the affordable housing at Beam Park, which represents an impressive 50% of all homes in the masterplan, ensuring local first time buyers can benefit from the immense investment in the area.”
All Shared Ownership homes at L&Q at Beam Park have been designed for 21st century living. Contemporary kitchens feature a range of integrated appliances, including an oven, ceramic hob, fridge-freezer, dishwasher and chrome fixtures. Main bedrooms are complete with built-in wardrobes, whilst bathrooms have modern white sanitaryware. Every home includes private outdoor space, whether a garden, balcony or terrace.
Included in the masterplan is an array of idyllic green landscapes, including a major 2.5 hectare central park, with plans to feature children’s play areas, outdoor exercise equipment and informal play space. Residents will be able to enjoy new cycle paths and fitness trails which will weave throughout the development, as well as other nearby green spaces like RSPB Rainham Marshes Nature Reserve and Beam Valley Country Park.
For retail therapy, L&Q at Beam Park is ideally located for nearby Lakeside Shopping Centre which is home to over 250 shops, 50 cafés and restaurants and a seven-screen Vue cinema. A little further afield is Europe’s largest shopping centre, Westfield Stratford, which offers something for everyone from designer labels through to quirky boutiques.
Ideal for families moving to the area, the development will soon offer two new, purpose-built primary schools with excellent facilities, adding to the numerous nurseries, primary and secondary schools in the region already rated ‘Good’ or ‘Outstanding’ by Ofsted.
L&Q at Beam Park is conveniently located on the 278 and Z2 bus routes, providing a fast service to Barking Station, serviced by the District Line, Hammersmith & City line, C2C service and London Overground. From nearby Dagenham Dock Overground station, London Bridge and Stratford International are just 30 and 20 minute train journeys away, respectively.
Shared Ownership prices at L&Q at Beam Park start from £65,000 for a 25% share of a one bedroom apartment (FMV £260,000) and £84,375 for a 25% share of a two bedroom apartment (FMV: £337,500).
For more details, please visit the L&Q website at lqhomes.com/beampark.
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.