Published 18 Nov 2020
First Time Buyer Readers' Award 2020 - Stonelea Gardens
We have won the "Best First Time Buyer Family Home" for 6 Oakum Square, a stunning townhouse at our East London development Stonelea Gardens. This townhouse offers a comfortable environment, ample space at a realistic price which is ideal for family living. The First Time Buyer Readers' awards are one of the most acclaimed in the industry, and celebrate excellence, innovation and creativity in the affordable housing sector, something that all our homes at Stonelea Gardens exemplify.
Best First Time Buyer Family Home
Surrounded by lush green gardens and nestled next to properties of Victorian and Regency era, Stonelea Gardens is a stylish and energy efficient collection of three and four-bedroom townhouses located in vibrant Leyton, East London. Built to meet the needs of the modern family, all houses feature generously sized gardens – some with rooftop patios - on-site private parking, and free daytime electricity via the solar photovoltaic system.
Offering real affordability to families, buyers required a deposit 80% less than the average first-time buyer deposit requirement in London. Beautifully centred around a new village green, the houses are in close proximity to Central London; just 10 minutes’ walk from Leyton Underground Station. Bordering Langthorne Park and additional picturesque green spaces, including the Queen Elizabeth Olympic Park within walking distance, means the choice of a vibrant neighbourhood or a quiet oasis is one families didn’t have to make – Stonelea Gardens offers both.
Designed for generations
The townhouse interiors at Stonelea Gardens are both stylish and contemporary, using quality materials and offering thoughtful finishing touches, whilst designed to last for generations. Built to meet the needs of the modern family, the practical layouts include robust fixtures to support a busy lifestyle, whilst the electrical, heating and hot water is energy efficient to ensure bills are kept to a minimum.
Shared Ownership homes at Stonelea Gardens boast large hallways with storage, combined with a convenient ground floor washroom are practical essentials found within all three and four bedroom townhouses. Spacious open-plan kitchen/dining/living areas are perfectly designed to ensure family connectivity, complete with integrated Bosch and Zanussi appliances, whilst the large French doors open up to the private rear patio and gardens. These large and secluded private gardens range in size from 50m² to 162 m², inclusive of a private garden shed with space for two cycle spaces, helping to encourage more sustainable forms of transport. Private allocated parking is available with every house for the days when the weather is not so fair.
The bathroom and ensuite benefit from floor to wall tiling, whilst all bedrooms are fitted with luxurious carpets. The stunning master bedroom and ensuite in the 4 bedroom town houses have a lofted ceiling height of over 13ft, whilst light pours in through the skylights. A substantial walk in wardrobe and south facing floor to ceiling windows lead onto the roof terrace too. This offers extensive views of the City skyline and Langthorne Park which borders Stonelea Gardens, providing a truly unique and luxurious sanctuary within an urban family house. The park provides an abundance of greenery whilst offering plentiful activities for family and friends alike including a streetball court, tennis wall, basketball facilities and outdoor gym.
Affordable for all
Through Shared Ownership, 3 bedroom houses started at £186,000 (a 30% share of £620,000 full market value) whilst the 4 bedroom houses started at £201,000 (a 30% share of £670,000 full market value)
Residents required on average a deposit of £19,463 and household income of £70,402 to purchase a house at Stonelea Gardens. This compares very favourably to the average London income requirement for a first-time buyer of £84,000 and a deposit of £118,000.
Furthermore, Stonelea Gardens offers the most affordable new build 3 and 4 bedroom houses that are available in Waltham Forest, whilst the 4 bedroom houses offer the most affordable houses with Shared Ownership in London transport Zones 1 – 3.
Homes at Stonelea Gardens are nearly all reserved, however we have a vibrant collection of 2 & 3 bedroom apartments at nearby Motion, Waltham Forest E10 and elegant 1, 2 & 3-bed homes at Greenway at Beckton Parkside, Newham - all available for purchase through Shared Ownership.
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