Shared Ownership is a type of affordable homeownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
Please note: Eligibility criteria may vary per housing association and therefore you should always check the exact criteria with the developer or housing association responsible for the exploitation of the project.
We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.
Pontoon Reach is placed right at the centre of Royal Docks, a fast-growing industrial district that lies within the London Borough of Newham. Surrounded by the waterways, the new complex provides stunning views across the River Thames. The area is packed with business hotels and refined restaurants that offer Asian and European cuisine. In addition, Pontoon Reach is within strolling distance of ExCeL London, an enormous events venue hosting huge exhibitions and trade shows.
To get a temporary reprieve from the hustle and bustle of Royal Docks, residents of Pontoon Reach can go for a walk in Thames Barrier Park, a charming riverside green space located mere minutes away from the complex. Visitors are welcomed to roam about beautiful gardens and wildflower meadows while admiring the water sceneries. There is a 5-a-side football and basketball pitch for those who feel an urge to compete in a friendly game, while children are welcomed to explore a play area.
Pontoon Reach boasts unrivalled transport connections. Pontoon Dock DLR station is a short walk away from the complex, providing a swift way to reach the City or Canary Wharf in addition to a 2-minute trip to London City Airport, which is also just a 12-minute walk from Pontoon Reach. The new development is perfect for those who regularly travel abroad.
The high-rise development is set around the landscaped courtyard garden. The exterior features light-coloured brickwork that gives off a charming village-like feeling. Some top levels resemble warehouse-like structures with a contemporary touch, featuring grey panelling. Pontoon Reach boasts a huge collection of spacious cantilevered balconies that come with simple straight-line railings. Moreover, the new residential complex benefits from an abundance of floor-to-ceiling windows that fill the living areas with natural light.
At Pontoon Reach, residents are spoiled with green spaces to stroll around. First, the focal point of the development, the courtyard garden offers plenty of space to unwind and meet your neighbours away from prying eyes. Second, there is a charming rooftop terrace, where you can enjoy a beautifully landscaped garden overlooking the Thames. For maximum convenience, Pontoon Reach is served by a concierge, who ensures that all residents feel welcomed and catered to. In addition, there is a lift to all floors.
Pontoon Reach delivers an array of one-, two-, and three-bedroom apartments. The homes benefit from either a balcony or a terrace, where residents can enjoy some fresh air and wonderful views of the surrounding waterways. Each unit comes with an interior-designed kitchen, fitted with matt-finished cabinets, laminate worktops, and a mix of AEG and Zanussi appliances, which includes an oven, a ceramic hob, a dishwasher, a fridge/freezer, and a washer/dryer. The bathrooms feature a white bath with a timber-effect bath panel, while the en-suites benefit from a white shower tray with a shower door. The floor and walls are covered with ceramic tiles. To keep your feet warm throughout the year, all units are equipped with an underfloor heating system.
Peabody is responsible for the construction of Pontoon Reach. Based in London, the property development company was established in 1862 by George Peabody. Striving to boost communities throughout London and the South East, Peabody is focused on delivering impeccably designed homes that complement the surrounding area. The outstanding expertise of the company can be proved by numerous awards and a diverse portfolio of projects, which includes Williamson Heights, Patchworks, the Pomeroy, and Fish Island Village, to name just a few.
To find out more about Pontoon Reach or Peabody, please visit the official website of the developer.