From £66,000: shared-ownership flats for first-time buyers and football fans in Tottenham

A new 22-storey tower that kicks the hated 'poor doors' policy into touch has launched in Tottenham, with prices from £66,000 for a 30 per cent share.
Click to follow
There can be problems when affordable homes are integrated into private housing developments, with young first-time buyers banned from using communal gardens or the gym, which are only available to “full-price” residents. Despised “poor door” entrances can mean shared-ownership occupants never cross the path of the full-pricers.
A sensible solution at a new Tottenham development called Rivers Apartments, close to Tottenham Hotspur’s stadium at White Hart Lane, is to make the entire scheme shared ownership. There are 100 affordable apartments for sale in this 22-storey tower through Newlon Home Ownership.


What it costs
The full market prices of apartments at the scheme, on which shared-ownership prices are based, start at £220,000 for a one-bedroom flat and about £290,000 for a two-bedroom property. The minimum 30 per cent share, therefore, works out at £66,000 and £87,000 respectively. Buyers will also pay a monthly rent, starting at just over £350 a month, and a monthly service charge.
The homes are due to be move-in ready later this month. The Tube station is Tottenham Hale in Zone 3, a 20-minute walk, but Overground services from White Hart Lane railway station, which is on the doorstep, get you to Liverpool Street in 25 minutes, making it a great option for City workers.
Tower of strength: the Rivers Apartments have a contemporary feel with views over the city 

Downsides to this undeveloped quarter of north London
Tottenham High Road is determinedly ungentrified, without trendy cafés or nightlife on the doorstep, and gets uncomfortably busy on match days.
More seriously, Tottenham is an area of serious deprivation — more than 42 per cent of households in Tottenham Green are on low incomes, according to Haringey council — and its crime rate is one of the highest in London at 12 offences per 1,000 population, more than double the rate in nearby Crouch End.

But on the plus side
Tottenham is a focus for major regeneration. A new Sainsbury’s supermarket has upgraded local shopping — currently heavy on chicken shops and Spurs-themed greasy spoons — and kicks off plans for the complete redevelopment of White Hart Lane stadium, with additional plans for scores of new homes and offices along the High Road.
Haringey council has secured £1 billion in investment for the area, part of it pledged by the Government to help the area recover from rioting in the summer of 2011.
Match day: La Barca restaurant is a popular haunt of Spurs fans, but the area has yet to create an alluring café culture. Image: Rex
Jordan Maynard, branch manager of Kings Group estate agents, says most buyers come from north-east London, as well as Hertfordshire, in search of an affordable first home and are attracted by the good transport links.
He likes to think the area is growing out of its criminal ways. “A few years ago people would have said the same thing about Hackney and look at it now — the prices are ridiculous and the people moving in are more law abiding.”
As well as new homes, the ground floor of Rivers Apartments will provide space for local start-ups and the site — a former rubber factory — will include a new building for the troubled Hartsbrook School. This free school opened in 2012 and was quickly criticised as “inadequate” by education watchdog Ofsted. It has now been renamed Brook House Primary School and is under new management.
The future: the planned redevelopment and replacement of White Hart Lane stadium
Local knowledge
  • Past: Tottenham Hotspur was formed in 1882, and initially played its matches on Tottenham Marshes dressed in navy shirts and shorts.
  • Future: the club is planning a £400 million expansion of its stadium with capacity for 56,000 fans. It hopes the venue will open in time for the 2018-19 season. It has been designed by KSS, the architectural practice that also designed the Rivers Apartments.
  • Trivial pursuit: Rivers Apartments is within a few minutes of Bruce Castle, once owned by Sir William Compton, whose claim to fame was as King Henry VIII’s Groom of the 1 Stool, a role which, ahem, involved assisting the king with his bodily functions.
  • What it costs: the average Tottenham property costs £333,161, up 10.89 per cent in the past year, according to Zoopla. The average rent for a two-bedroom flat in the area is £1,355 pcm.
  • First time buy: water views usually cost a fortune, but a one-bedroom flat, close to Tottenham Hale station, is on the market with Kings Group for £220,000.
  • Landmarks: Tottenham High Cross, erected on the site of a wooden wayside cross in the early 17th century. The gothic-style cross on the High Road marks the centre of Tottenham.
  • Eat: sample West African and Caribbean cuisine at African Torch on High Cross Road.
  • Drink: locally brewed beers at the Beavertown Brewery.
  • Buy: hand-made cheeses from Tottenham’s microdairy, Wildes Cheese — or book a course and learn how to make your own.
  • Walk: stroll to the Tottenham Marshes, less than a mile away, and walk by the River Lee Navigation.

Follow us on Twitter @HomesProperty, Facebook and Instagram