Basin Approach - Shared Ownership Development in Tower Hamlets Now Complete
Family Mosaic are delighted to announce our Shared Ownership development in Tower Hamlets, Basin Approach, is now completed. At Basin Approach, Family Mosaic offer a selection of 1 & 2 bedroom apartments available through Shared Ownership, located adjacent to Limehouse Basin in Tower Hamlets.
Basin Approach is a mixed tenure development, consisting of Shared Ownership, private sale and affordable rent apartments. The development is split into four blocks, which form an adjoining ‘C’ shape. Five of the six Shared Ownership apartments are located in block B, which is shared with affordable rent apartments, and one is located in block C, shared with private sale apartments.
About Basin Approach
A contemporary development of 48 mixed-tenure properties on Brownfield land close to Limehouse Basin, carefully designed within a varied context of new and historic buildings.
All of the Shared Ownership properties at Basin Approach come with a fully fitted kitchen complete with integrated fridge freezer, oven and washer dryer. There is no parking on site but the development boasts ample cycle storage. All of the properties have a predicted Energy Efficiency Rating between 85-88 (B) on the Predicted Energy Assessments (PEAs).
Situated perfectly for local London life, and with fantastic links into and around the city, this brand new development puts you within easy reach of the heart of the action. Built with intelligent, sustainable design and to a high specification, all six apartments also benefit from a balcony or terrace, a rare luxury in urban London.
Close to the DLR station at Limehouse and the numerous bus routes on Commercial Road, Basin Approach is perfectly placed for commuting or simply getting around town. There are scenic cycle paths along the local canals, and the Thames Path is just a quarter of a mile from the development, perfect for a summer evening stroll along the river.
Postal Address: Sat Nav Postcode: E14 7JB
Shared Ownership purchasers
The properties at Basin Approach started from £368,000 (£110,400 for 30% share) for a 1 bedroom apartment and £485,000 (£145,500 for 30% share) for a 2 bedroom apartment. The properties required a 10% deposit of the share value, meaning purchasers at Basin Approach could buy an apartment with as little as £11,040, helping many first time buyers onto the property ladder.
We are pleased to say that 100% of properties were allocated to those who lived or worked in the London borough of Tower Hamlets. Find out if you are eligible for Shared Ownership and get your foot on the ladder with the low cost affordable housing scheme.
Shared Ownership property search
Basin Approach has now completed with all sales exchanging contracts. At Family Mosaic, we have a selection of properties becoming available for Shared Ownership, simply view our property search to see what is currently available for sale and register your interest for development updates.