SO Resi, a leading housing provider, has announced the launch of a shared ownership scheme featuring 37 homes in the vibrant neighborhood of Canning Town, within the bustling city of London. This exciting development is set to hit the property market in May, with a show home available for viewing in June.
The range of properties includes one to three-bedroom apartments, providing a multitude of options for potential homeowners. Prices for these shared ownership homes start at an affordable £96,875 for a 25% share, with the full market value being £387,500.
Kevin Sims, the director of sales at SO Resi, expressed the growing appeal of Canning Town as a sought-after area of London due to Newham Council’s ambitious £3.7 billion regeneration project for the neighborhood. The development aims to provide a level playing field for aspiring homeowners, addressing the challenges posed by an unpredictable housing market and high property prices.
The upcoming Canning Town development exemplifies SO Resi’s commitment to offering shared ownership solutions that provide more opportunities for prospective homeowners. In addition to the shared ownership homes, the area will be host to a new community hub, cinema, shops, and office spaces as part of the proposed plans by Newham Council.
To celebrate the launch of this exciting scheme, there will be two exclusive launch events at The Crowne Plaza Hotel Docklands. These events will take place on May 18th and 25th from 10am to 4pm, and participation is by appointment only.
With the introduction of this shared ownership scheme in Canning Town, SO Resi aims to empower individuals and families to achieve their dream of owning a home in one of London’s most vibrant neighborhoods.