A recent report by NAEA Propertymark and ARLA Propertymark has revealed that 46% of tenants saw a rent increase in 2019, up from 26% in 2018[1]. For tenants fed up with increasing rental costs and dreaming of owning a home of their own, Echo @ London City Island could be the ideal choice.

Notting Hill Genesis' Shared Ownership scheme at Echo @ London City Island is open to buyers who live or work in London. Purchasers can choose to buy a share of the home between 25% and 75% of its full market value (depending on what they can afford) and pay a subsidised rent on the remaining unpurchased share. Owners can increase their share over time, known as staircasing, all the way up to 100% and outright ownership.

Jim Munson, Head of Marketing at Notting Hill Genesis comments: “The selection of apartments at Echo @ London City Island present the ideal opportunity to escape rising rental prices and begin the journey into home ownership. London City Island is home to two of the UK's foremost cultural institutions, the English National Ballet and London Film School. We are proud to be able to offer this stunning collection of apartments to aspiring home owners with the help of Shared Ownership and with almost 50% of units sold, we encourage interested parties to schedule a visit.”

Set within an enviable location just six miles from Central London, Echo @ London City Island is a contemporary collection of 15 stylish apartments. Ideal for busy modern living the apartments have been designed to combine the perfect balance of luxury lifestyle, comfort and contemporary style. With open-plan living and dining areas ideal for hosting friends and family, fully fitted kitchens, complete with a selection of integrated Siemens and Indesit appliances, as well as sleek and modern bathrooms, the properties are ideal for first-time buyers and busy city workers alike. All are complete with balconies where residents can enjoy their own outdoor space, an added benefit when living in the heart of the UK's capital.  

The New Art Hub in London City Island, nicknamed 'Mini Manhattan' includes 12 acres of mixed-use developments including, homes, offices, restaurants, boutique shops, pedestrian, cycle routes, waterside parks, arts and cultural space. Highlights include the English National Ballet's new headquarters and London Film School's new homes, a pedestrian bridge bringing Crossrail DLR transport links to within a short walk away, fantastic River Thames views and a range of cafes, shops, restaurants and cultural facilities. The development of London City Island has been inspired by some of the world's best cityscapes, including Tokyo and Chicago. 

The development also features excellent onsite facilities. Boasting an array of private amenities including a bespoke clubhouse complete with concierge, games room and grocer's shop. Residents are automatically members* and also gain access to the on-site high-spec gym, spa and treatment rooms, outside swimming pool and gardens.

For those who relish the outdoors, London City Island is located within easy reach of the wildlife haven Bow Creek Ecology Park, winner of the Green Flag Park Award for four consecutive years, the park is a must see for any wildlife enthusiast. Just across the river London's premier entertainment venue, the O2 Arena, provides a selection of restaurants, a cinema and live entertainment and is just a two-minute journey via the Jubilee line from nearby Canning Town station.

Echo @ London City Island is the ideal residence for commuters with plenty of transport options nearby. Canning Town DLR and Underground station is just a short three-minute walk, giving access to the Jubilee line to Westfield shopping centre in Stratford, the O2 Arena (North Greenwich), Borough Market (London Bridge), Southbank Centre (Waterloo) and the Royal Parks (Green Park). With the coming soon of Crossrail, Custom House will gain direct routes to destinations such as Liverpool Street, Paddington, Heathrow Airport and even the surrounding Essex countryside.

Prices start from £140,000 based on a 25% share of the full market value of £560,000 for a two-bedroom apartment. For further information or to register your interest, please contact 0203 733 7996 or visit www.nhgsales.com 

-ENDS-

For further media information, please contact Emily McKay or Emma Heaney at The Oracle Group on:

020 8394 2821 or email emily@oraclepr.co.uk

[1] https://www.propertywire.com/news/rent-hikes-surge-due-to-tenant-fees-ban/

* The City Island Arts Club is available as part of the service charge

NOTES TO EDITORS

About Notting Hill Genesis (NHG)

Notting Hill Genesis is one of the largest housing associations in the country, with around 64,000 homes across London and the south-east, serving more than 170,000 residents.

It was formed in April 2018 when Notting Hill Housing amalgamated with Genesis Housing Association. It is a social enterprise committed to creating thriving communities and providing homes for lower-income households.

NHG owns and manages homes across a range of tenures including social, affordable and private rent, leasehold, care and support, temporary housing and Shared Ownership, of which we are the largest provider in the country. For more information, visit www.nhggroup.org.uk.