Alia Sulaiman
Oak Wharf, Stoke Newington, London
"I chose to live at Oak Wharf as it has much more to offer than other new builds in the area in terms of design, specification and location. I was really surprised by the high level of specification, particularly for a shared ownership apartment.
I love living by the river! The tranquil surroundings make it a pleasure to come home to. It is a great location for work too. I work in Tower Hamlets which is just a bus ride away but hope to cycle to work when it gets a little warmer. Its proximity to the shops is excellent, plus if I want to go into central London, I can be there within minutes! I could not have chosen a better place to live at such an affordable price."
Where in London can you purchase a luxury riverside apartment on
a minimum salary of £17,000? With the average household
income in London of £26,156, securing an apartment on the river was
proving increasingly difficult for first time buyers in N16.
Rental prices in the area for a one bedroom property averaged at
£820 a month as of December 2009 which would even leave those
earning a salary of £25,000 a year with just a few hundred pounds
for bills.
At Oak Wharf situated along the banks of the River Lea, Family
Mosaic launched a development of 27 modern one, two and three
bedroom apartments off plan in May 2009 with the show home opening
in August 2009. For single purchasers on a minimum salary of
£17,000 riverside living finally became affordable with an
approximate monthly cost of £660.00 a month, saving £160 on average
rental prices in the area.