The first phase of east London development Merchants Walk has proved popular with buyers after 24 reservations were made over its launch period.

The inaugural tranche of the scheme has been released by developer Peabody, offering 40 affordable studio, one and two-bedroom apartments, available on a Shared Ownership basis.

Situated between Canary Wharf and the Olympic Village, Merchants Walk gives first time buyers the chance to get onto the property ladder in an enviable location.

CGI's of Merchants Walk by Peabody

Part of the London Borough of Tower Hamlets, the Merchants Walk development is positioned within the Olympic regeneration zone which has undergone and continues to experience large scale rejuvenation.

The nearest tube is Devon’s Road DLR, with Bromley-by-Bow Under- ground station, which is on the Circle and Hammersmith and City line, around a 10 minute walk away.

Canary Wharf is five stops away on the DLR where, from 2018, residents will be able to pick up fast Crossrail services to the City, the West End and Heathrow Airport.

Prices for a studio flat (worth £280,000 at full market value) start at £140,000 for a 50% share. Register at peabodysales.co.uk .