The Stratford Halo development offers shared ownership for first time buyers looking to get onto the property ladder.
The first phase of apartments has been released at Genesis' Stratford Halo development in east London.
Located just 500 metres from the Olympic Stadium, the mixed use development comprises 704 new homes in five buildings, as well as shops and commercial spaces, workshops and leisure facilities.
Genesis runs a shared ownership programme at the development, allowing buyers to purchase a 25 per cent share of a one bedroom apartment for £55,000. A 25 per cent share in a two bedroom property starts from £65,000.
To take advantage of the shared ownership scheme, first time buyers must have an income of less than £60,000 a year. Buyers can purchase between 25 per cent and 75 per cent, eventually working their way up to 100 per cent ownership.
Residents at the Stratford Halo development will also benefit from CCTV, secure underground parking spaces, a car club, a children's play area and a riverside promenade.
A total of five developments are planned for the Olympic Park area over the next 20 years, delivering 8,000 homes, with a number designed to meet affordable and family housing needs.
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