A council run shared ownership scheme in McGrath Road development in Stratford, East London, is coming soon under the Newham Newshare equity loan scheme, with SiteSales Property Group providing consultancy on sales, marketing and specification.
The development has 26 houses around a communal courtyard, each with a private balcony or a terrace in a contemporary design, the site is finished to a high quality specification. The interiors are well lit and feature integrated appliances.
Prices begin at £445,000 for the two bedroom properties and £510,000 for the three bedroom properties. All houses are available for purchase under the Newham Newshare scheme, allowing a percentage of the property to be bought via a mortgage and for the value of the remaining share to be provided as an equity loan from Newham Council.
Murray Smith, Managing Director of SiteSales Property Group said, “The McGrath Road development is all about bringing high specification affordable housing to this area. The work Newham Borough Council is undertaking on developments such as this makes a crucial contribution to addressing London’s housing issues.”