SO Resi is introducing a new shared ownership program featuring 37 homes in Canning Town, London.
These one to three-bedroom apartments will be available off-plan starting this May, and interested buyers can visit a show home in June. The cost for a 25% share starts at £96,875, with the full property value at £387,500.
Kevin Sims, director of sales at SO Resi, stated: “Canning Town is becoming an increasingly popular place to live, thanks in part to Newham Council’s massive £3.7 billion regeneration initiative.
“The current housing market is uncertain and expensive, making it tough for first-time buyers to purchase a home. SO Resi’s goal is to make buying a home more accessible through shared ownership opportunities.
“The Canning Town project perfectly aligns with this goal. Newham Council’s future plans for the town centre include a community hub, cinema, shops, office space, and new shared ownership homes, highlighting the growing appeal of shared ownership for those looking to buy.”
Interested parties can attend one of two events at The Crowne Plaza Hotel Docklands on the 18th and 25th of May, from 10am-4pm, by making an appointment.
Shared Ownership makes it easier to afford a home by requiring a smaller deposit and allowing buyers to increase their share of ownership over time.
At SO Resi Canning Town, future owners can purchase between 25% and 75% of a property’s market value. SO Resi explains that rent for the remaining share will be less than the market rate.
