A new 12-storey luxury apartment complex by the Limehouse Cut goes on the market this week with prices starting at £250,000.

But the 60 apartments at Lime Quay being built at Teviot Street in Poplar, near the A12 Blackwall Tunnel Approach, won’t be ready for two years.

There are one-bedroom flats at £225,000 as well as two- and three-bedroom apartments and penthouses.

Many have waterside views of the Limehouse Cut, London’s oldest canal built in 1766, or skyline views of Canary Wharf and the City.

The development designed with a contemporary glass facade by Larissa Henke architects is marketed as a cheaper alternative to east London’s soaring property prices.

Telford Homes’ David Campbell said: “Prime parts of east London like Shoreditch are now out of reach of many buyers who are turning to more affordable areas such as Poplar.”

Apartments come with fitted kitchens, integrated appliances, laminate flooring, under-floor heating, carpeting and bathrooms with walk-in showers. All have a balcony or terrace and video entry-phones.

The tower block now under construction is 10 minutes from both Bromley-by-Bow Underground and Langdon Park DLR stations.