Council-run shared ownership scheme available to both Newham residents and non-residents
The McGrath Road development, in Stratford, East London, is coming soon under the Newham Newshare equity loan scheme, with SiteSales Property Group providing consultancy on sales, marketing and specification.
The development comprises 26 houses, positioned around a communal courtyard, each with a private balcony or a terrace. Boasting unique architecture and a contemporary design, the site is finished to a high quality specification. The interiors are well lit and feature integrated appliances.
Prices begin at £445,000 for the two bedroom properties and £510,000 for the three bedroom properties. All houses are available for purchase under the Newham Newshare scheme, allowing a percentage of the property to be bought via a mortgage and for the value of the remaining share to be provided as an equity loan from Newham Council.
McGrath Road is situated in a swiftly up-and-coming part of London. The recently opened Westfield Stratford City is home to over 350 retail outlets, restaurants and bars, making it one of Europe’s largest shopping centres. The area has also benefited greatly from the after effects of the 2012 London Olympics, and residents will enjoy easy access to all the amenities of the Queen Elizabeth Olympic Park, which include the London Stadium and the London Aquatics Centre with its wave-shaped roof.
Superb transport links, such as the DLR, Central and Jubilee underground lines, as well as Stratford International, conveniently connect the residents to the rest of the capital and continental Europe.
Murray Smith, Managing Director of SiteSales Property Group said, ‘Stratford is a burgeoning and vibrant part of London, its attraction increased following the investment in the Olympic stadium and athletes’ village and the recent influx of new businesses. The McGrath Road development is all about bringing high specification affordable housing to this area. The work Newham Borough Council is undertaking on developments such as this makes a crucial contribution to addressing London’s housing issues.’
