Talk about a room with a view: while the first flats inside the Olympic Park will not go on sale until next year, homes right on the border of the Games complex are available now.
Residents of the Stratford Halo - a development with a centrepiece 43-storey skyscraper being built 500 metres from the main Olympics entrance - will have a bird's eye view into the stadium, as well as of the landmark ArcelorMittal Orbit sculpture, the UK's largest piece of public art.
'To qualify, buyers must have an annual household income of less than £60,000 and should have savings of about £3,500'
In fact the 132-metre Halo's tower is something of an artwork itself. Programmable LED lights clad its exterior and will illuminate the building in a variety of motifs and patterns when it is completed later this year.
The development by Genesis Housing Association (www.stratfordhalo.com) includes about 700 new homes in six separate buildings, as well as shops, offices and artists' studios. Of those homes, 401 are being sold or rented privately, 65 are sheltered units, and 138 have already been let with subsidised rents.
The final 91 apartments - in the lower-rise blocks around the main tower - are being sold on a shared-ownership basis. An early launch of just eight flats has almost sold out, while the remaining 83 are due to go on the market at the end of March.
£55,000 starting price
A 25 per cent share of a one-bedroom flat will start at about £55,000, based on a full market value of £220,000. Two-bedroom flats start at about £65,000 for a quarter share (market value: £260,000). There are also a handful of three-bedroom flats, and prices for these will be unveiled closer to the launch date.
To qualify buyers must have an annual household income of less than £60,000 and should have savings of about £3,500 to cover moving and legal costs. People already living — or working — locally will get priority.
Meanwhile, the private flats will go on sale in the autumn, with prices from £260,000, and the entire development is due to complete in spring next year. The obvious selling point for these homes is the location. From the upper floors residents can peek into the Olympic stadium and see all the main venues. These will all be in regular use after the Games.
Landmarks from the Shard of Glass in the City to the Dartford Crossing and Wembley will be clearly visible. Residents of the lower floors can still enjoy excellent views across the Olympic Park, over the slightly opaque Waterworks River.
Stratford has unmatched transport links
Stratford is served by the Jubilee and Central lines, with links to Liverpool Street, the DLR and overground rail services, including the high-speed rail link that will allow commuters to travel into central London in only seven minutes. It is also a 10-minute walk from Westfield Stratford City.
All the flats have smart kitchens fitted with Bosch appliances, and either wood-strip flooring or carpets throughout. There is a 24-hour concierge service and CCTV, with a car club and underground parking available.