Built on former brownfield land, Banbury Park has a stunning selection of one, two, three and four-bedroom homes available for shared ownership and private sale.
The E17 area continues to grow in popularity and has seen a 32% increase in house prices over the past year (ONS, June 2015).
Through shared ownership, buyers could purchase a 50 per cent share of a one-bedroom home at Banbury Park from as little as £148,500. One-bedroom homes are available for outright sale from £350,000.
Tim Seward, Head of Property Sales, said: “E17 - or ‘Awesomestow’, as it has been dubbed - is reaping the benefits from significant investment and is rapidly becoming one of the most exciting and sought-after places to live.
“Our new homes present a great opportunity to be part of this well connected and stylish community. Banbury Park also represents good value for money in comparison to other parts of the capital.”
Located on Billet Road, Banbury Park has 76 homes for shared ownership and 174 for private sale. The new £70m development replaces disused warehouses, industrial works and an electronics factory.
Steve Leakey, Managing Director for Higgins Construction, who are responsible for the design and build of Banbury Park, said, “We are proud to be part of this regeneration project to turn an under utilised piece of industrial land into much needed homes, community facilities, retail and commercial space. We are also pleased to have been able to take on a number of local apprentices and trainees as part of our commitment to ensuring we employ local labour on all our projects.”
Over 2,400 square feet of retail and commercial space will also be created to house a major new retail unit, as well as smaller shops, boutique stores and business premises. It will also have landscaped community spaces, shops, offices, and a public square that will help to continue the regeneration of the area.
Banbury Park also boasts excellent transport links into central London - there are numerous bus connections from Billet Road to Walthamstow and Blackhorse Road tube stations. The development is also situated beside the north circular and a 10 minute drive from the M11.
The first residents are expected to move in to their homes by the end of the year. The development will have 350 homes in total when it completes in 2017.