L&Q to launch second phase of homes at award-winning Whitechapel development
Named as one of the best places to buy a home in London in 2023, Whitechapel saw house prices soar by 10.3% last year to an average of £486,564.*
Offering hopeful purchasers an affordable route onto the property ladder in this vibrant and multicultural neighbourhood, L&Q is launching the second phase of homes at L&Q at The Silk District. The new phase comprises a total of 43 Shared Ownership homes, the first collection of 7 two-bedroom apartments to be released on 13th May.
Recently commended at the First Time Buyer and Resi Awards in the Best Partnership category, L&Q at The Silk District is the ultimate young professional bolthole. Situated just a five-minute walk from Whitechapel Station, the development is ideally located for commuters with the city districts of Canary Wharf, Liverpool Street and Bond Street all accessible within ten minutes via the newly opened Elizabeth Line.
Claire Brenlund, Sales and Marketing Director at L&Q comments: “The rise in property prices in Whitechapel reflects an overall growing demand for homes in vibrant, recession-proof neighbourhoods that offer more in terms of local amenities and strong transport links.
“Our Phase 2 launch at L&Q at The Silk District offers a fantastic opportunity for buyers looking for an affordable route onto the property ladder in this thriving East London district, with deposits starting from as low as £6,281.”
For all important outdoor space in the city, residents are well catered for at L&Q at The Silk District, where each home comes with a private balcony or terrace as well as access to an attractive communal area of open green space and landscaped planting. Inside, the apartments have been designed to maximise living space, with open-play layouts and ample storage which provide the flexibility needed for modern living.
Offering an impressive range of facilities that are rare to find with Shared Ownership homes, L&Q at The Silk District offers residents access to an array of on-site amenities right on their doorstep. A state-of-the-art gym is kitted out with a full selection of Technogym exercise equipment, as well as a private Peloton studio for spinning classes. Residents can also book out the private cinema space, with adjacent kitchen, perfect for entertaining guests.
Recent purchasers Yerin and Alex explain what initially attracted them most to the development. They comment, “L&Q at The Silk District really stood out to us because of the fantastic on-site amenities that were included – no other developments we had seen had such large communal gardens or a gym, cinema or concierge service – it really offered more than we were expecting.”
An East London hotspot, Whitechapel benefits from a whole host of entertaining and cultural venues in the immediate area and surrounding neighbourhoods. With its thriving food scene, street art, trendy cafes and bars, and vintage shops, Whitechapel is now a well-known creative hub with plenty to explore at the weekends. The famous Whitechapel Gallery has hosted works by Picasso, Pollock and Kahlo whilst the Wilton Music Hall is the oldest of its kind in the world and offers a regular schedule of music and theatre events. Plus, the lively neighbourhoods of Shoreditch, Brick Lane and Spitalfields Market are just a ten-minute walk away from the development.
A key intersection for East London, Whitechapel is well-connected on the District Line, Hammersmith & City and Overground lines, meaning residents at L&Q at The Silk District enjoy swift connections into central London. For those who prefer to travel on two wheels, residents can easily accessible the Cycle Superhighway 2, a network of cycle routes across the capital.
Prices for the new collection of homes at L&Q at The Silk District start from £125,625 for a 25% share of a one-bedroom Shared Ownership apartment (fmv: £502,500) and £147,500 for a 25% share of a two-bedroom Shared Ownership apartment (fmv: £590,000).