STEPNEY Green is one of east London’s oldest settlements but the area, which is located in Tower Hamlets (the same borough that the Tower of London is in), is still relatively untapped. It suffered considerably during the Blitz, in which over a third of the housing was destroyed, and in the 60s gained a reputation for tower blocks and modern housing estates. Now things are beginning to change.
While it hasn’t experienced the same levels of gentrification as Bow, Wapping or Limehouse, Stepney is currently the subject of major regeneration. New developments continue to emerge in the area, offering the opportunity for open-plan living and impressive views of the City at unrivalled prices. VIVO, the new Levitt Bernstein-designed scheme, is the latest development to launch in the area and is already proving popular.
The 426-home project – created by East Thames Group and First Base, the companies behind the Olympic East Village – offers one, two and three bedroom apartments and is quickly becoming a hub for City professionals due to its close proximity to the Square Mile and unrivalled transport links.
Stepney Green Underground station is served by both the District and Hammersmith and City lines. Liverpool Street can be accessed within 11 minutes and Canary Wharf in 20. Bus routes and the Cycle Superhighway provide improved access for cyclists to the heart of the City.
Its central location means residents are at the heart of what the East End has to offer. Victoria Park is only a stone’s throw away and the bustling nightlife and eclectic mix of eateries in Shoreditch and Hoxton are close by too, perfectly positioning the development for both work and leisure.
The VIVO site is comprised of three apartment blocks, all of which centre around its own private landscaped courtyard, and each apartment comes with large windows allowing for floods of light. All are equipped with underfloor heating and a fully integrated kitchen with Bosch appliances and sustainable features.
Capital values in the area are expected to rise 22.7 per cent over the next five years, according to data published by Savills, making VIVO a popular choice for buyers looking for an investment.
Prices are competitive, starting from £225,000 for a one bedroom apartment to £395,000 for a three bedroom property.
For more information contact Savills on 020 3069 2073.