£102,500

Leaside Lock | 8 Reed Avenue, London, E3 3DA
Share 25% / Full price £410,000 / Min deposit £5,125

Apartment
1 bedroom
1 bathroom

*LIMITED OFFER! £1000 voucher for new reservations*
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Summary

*NEW HOME RELEASED* Eighth floor, one bedroom apartment available to move in at Leaside Lock, Bromley-By-Bow. Receive a £1,000 voucher when you reserve by 14th of Fe...

Eligibility

You can apply to buy the home if all of the following apply:

  • your household income is £90,000 or less
  • you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

  • you're a first-time buyer
  • you used to own a home but cannot afford to buy one now
  • you're forming a new household - for example, after a relationship breakdown
  • you're an existing shared owner, and you want to move
  • you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Description

About

Leaside Lock is one of East London's most exciting developments, one which offers waterside living along the River Lea, city centre views, high-specification homes, direct-from-site underpass access to Bromley-by-Bow tube station (2-min walk) and some of the best amenities on offer at a Shared Ownership development - cycle storage, communal workspaces, convenience store* & a gym*.

It's time to life differently, to life better - at Leaside Lock.

Important information (C-8-3):

  • Receive a £1,000 voucher when you reserve by 14th of February.*
  • Full purchase price: £410,000
  • Share price at 25%: £102,500
  • Monthly rent based on purchasing a 25% share: £704.69
  • Estimated monthly service charge: £169.63
  • Minimum share initially available: 25%
  • Maximum share initially available: 75%
  • Staircasing to 100% allowable
  • Tenure: Leasehold
  • Lease term: 990 years

Apartment Information:

  • 1-bedroom, eighth floor apartment
  • Open plan kitchen with dining area
  • Integrated Bosch kitchen appliances including fridge/freezer and dishwasher
  • Utility space & ample storage
  • Underfloor heating
  • Carpet and flooring provided throughout
  • Superfast broadband
  • Large windows boasting spectacular views
  • Lifts in block
  • Outstanding planned amenities - cycle storage, concierge, convenience store*, gym* & more!

*Incentive Terms & Conditions: The incentive is for new reservations and would be offered in the form of a shopping e-voucher provided by Guinness Homes. E-voucher's will be via John Lewis, or alternative provider, at Guinness Homes' discretion. Incentive is valid for reservations before 14th February 2026 and completions made by 31st March 2026. Speak to the sales team for further information or visit guinnesshomes.co.uk/offers.

**Amenities are correct as of January 2025. The Gym is run by The Gym Group (memberships required). Amenities mentioned may not be directly within the block of this apartment, but are collectively accessible within Leaside Lock.

This development is car-free, meaning residents cannot apply for parking permits or use street parking nearby unless they purchase a home with a designated parking space. This policy complies with Local Authority planning conditions and cannot be changed by Guinness. Speak to a member of the sales team for more information.

Disclaimer: This property is offered for sale on a shared ownership basis and has been previously occupied. All information contained within these particulars is provided in good faith and is intended as a general guide only. Measurements, descriptions and condition statements should not be relied upon as exact representations. Prospective purchasers are strongly advised to undertake their own inspections, surveys and enquiries to satisfy themselves as to the condition of the property and its suitability for their needs.

Specification:

  • Kitchen/living room/dining area
  • Stainless steel Bosch built-in oven with electric hob
  • Bosch slimline cooker hood in silver
  • Integrated Bosch fridge/freezer
  • Integrated Bosch dishwasher
  • Gooseneck tap in brushed stainless steel
  • Chicago laminate worktops
  • Graphite grey kitchen cabinets
  • Graphite grey splashback over the hob and upstand to kitchen worktop

Bathroom:

  • Back-to-wall WC in white with chromium plated flush plate
  • Semi-countertop washbasin in white
  • Double robe hook and heated towel rail
  • Steel bath in white with glass screen to main bathroom
  • White resin shower tray to en suite
  • Bath shower mixer in chrome

Finish:

  • Off-white to living and bedroom wall and doors
  • Brilliant white eggshell to bathroom walls
  • Brilliant white to ceilings
  • Large light grey porcelain tiles to bathroom walls
  • Ribbed black peak feature wall tile
  • Natural tile flooring to bathroom in black peak
  • Avenue Oak laminate flooring to living area and bedrooms
  • Mode range white switches and sockets
  • Underfloor heating (except bathrooms)

Description

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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy Ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.
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£102,500 Shared Ownership New Build Full price £410,000
Estimated monthly cost £1,880
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