"I chose to live at Oak Wharf as it has much more to offer than other new builds in the area in terms of design, specification and location. I was really surprised by the high level of specification, particularly for a shared ownership apartment. I love living by the river! The tranquil surroundings make it a pleasure to come home to. It is a great location for work too. I work in Tower Hamlets which is just a bus ride away but hope to cycle to work when it gets a little warmer. Its proximity to the shops is excellent, plus if I want to go into central London, I can be there within minutes! I could not have chosen a better place to live at such an affordable price."
Where in London can you purchase a luxury riverside apartment on a minimum salary of £17,000? With the average household income in London of £26,156, securing an apartment on the river was proving increasingly difficult for first time buyers in N16.
Rental prices in the area for a one bedroom property averaged at £820 a month as of December 2009 which would even leave those earning a salary of £25,000 a year with just a few hundred pounds for bills.
At Oak Wharf situated along the banks of the River Lea, Family Mosaic launched a development of 27 modern one, two and three bedroom apartments off plan in May 2009 with the show home opening in August 2009. For single purchasers on a minimum salary of £17,000 riverside living finally became affordable with an approximate monthly cost of £660.00 a month, saving £160 on average rental prices in the area.