First-time buyers: new riverside shared-ownership homes on the Isle of Dogs

Once a semi-derelict wasteland, this loop of the Thames is sharing the spoils of Canary Wharf’s success - with homes on the way for first-time buyers.
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The Isle of Dogs, once a disconnected stretch of semi-derelict dockland snuggled in a meander of the Thames, is having a prosperous moment.
The tremendous resurgence of Canary Wharf is rippling outwards, bringing new life — and new homes — to the area, with glass-and-steel skyscrapers replacing disused warehouses and abandoned industrial land.
When Lincoln Plaza, at the junction of Millharbour and Lightermans Road, came to the market three years ago, it sold out to a mixture of British and overseas buyers keen to get into E14. The first of these 381 owners are due to move in by the end of this year.

One Housing Group has 42 shared-ownership homes on sale in iCON — a 14-storey block designed by architects BUJ as a series of five interlinked buildings, ranging up to 31 storeys.
The homes will be completed at the end of the year. Final prices have not yet been agreed, but expressions of interest are being taken.
Guide prices start at about £106,250 for a 25 per cent share in a one-bedroom flat. A 25 per cent share of a two-bedroom flat will start at £135,000, and buyers who want a quarter-share of a three-bedroom home need to budget about £163,750.

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Those living or working within the local area will get first pick of the flats, all of which have a private balcony or winter garden. The upper floors have views of the Canary Wharf skyline and the river, and there is also a communal roof terrace to enjoy.
There are restaurants and an Everyman cinema at Canary Wharf, with sailing and windsurfing available at Millwall Dock, home of the Docklands Sailing and Watersports Centre.

iCON is no more than a five-minute walk from South Quay Docklands Light Railway station, in Zone 2, and less than a mile from Canary Wharf, where prices have risen 27 per cent since the start of 2013. This compares to just 10 per cent across prime central London in the same period.
In 2018, the whole area will be given a boost when Canary Wharf gains a direct train link to the West End and Heathrow thanks to Crossrail, and a foot tunnel beneath the Thames links the area to Greenwich.
London E14: Lincoln Plaza sold out to a mixture of British and overseas buyers

The knowledge: Isle of Dogs
Past: historians bicker about how this Thames-side area got its name — one suggestion is that it is where King Edward III used to kennel his greyhounds.
Future: this summer, Galliard Homes got planning permission for Millharbour Village, 1,500 new homes within six new skyscrapers alongside South Dock, which will one day be home to more than 4,000 people.

Trivial pursuit: iCON overlooks Millwall Dock, which was used as a location for boat stunts in the 1999 James Bond film The World Is Not Enough.
What it costs: the average price of a home in E14 is £514,022. A two-bedroom flat costs an average £2,574 a month to rent (source: Zoopla).
First-time buy: ex-local authority homes can be good value. A well-maintained two-bedroom flat, a short walk from Island Gardens DLR station, is £340,000.
Landmarks: the shimmering skyline of Canary Wharf, just across South Dock.

Eat: at Toddy Shop, run by a former Goldman Sachs trader, where you can enjoy a traditional Indian breakfast of anda bhurji — scrambled eggs mixed with red onion and curry leaf served with a brioche bun and vine tomatoes.
Drink: the terrace at Boisdale is a great place for a cocktail, if you can forgive this Scottish venue’s liberal use of tartan and stags’ heads.

Buy: the mall at Canary Wharf has more than 120 shops.
Walk: if the weather is bad, explore the new covered rooftop garden at Canary Wharf station. If it is dry, visit Mudchute Park and Farm.

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