Shared Ownership Launch In Sought-After Harpenden

Due to its many benefits as a place to live, the average deposit to purchase a home in Harpenden, Hertfordshire town stands at £77,577 but with the launch of Roan Place by developer Catalyst, buyers can purchase a brand new home with a deposit of just £6,900 through Shared Ownership.

A development in high demand, just a handful of one-bedroom apartments remain there, providing an opportunity for first-time buyers to get on to the ladder in the affluent area. All homes feature Symphony linear kitchens and integrated Zanussi appliances including a dishwasher, electric hob, single oven, extractor hood, fridge/freezer and washing machine. There are two communal gardens and each apartment includes a private balcony. Every home also comes with at least one allocated parking spot.

Ideally situated for young professionals and commuters, the homes offer an attractive balance of country and city living. Harpenden High Street is a 12-minute walk from Roan Place, as is Harpenden railway station, whilst the variety of parkland near the means buyers have the countryside on their doorstep. The development is situated along the edge of Westfield Park, an expansive open park with a children’s play area and basketball court. Directly opposite the homes is an entrance to The Nickey Line, a leafy seven-mile footpath and cycle way on a former railway line, giving residents a wide variety of countryside walking routes.

Steve Pickering, head of sales and marketing (Counties) at Catalyst, commented: “Moving out of London into the Home Counties is a well-trodden path for many families seeking a well-connected neighbourhood with extra space for growing families. However, in the aftermath of the pandemic, it’s no longer just families wanting to make this move – young first-time buyers are now making the same jump, perhaps a few years earlier than they would have before. The one-bedroom Shared Ownership apartments available at Roan Place are perfect for younger purchasers.”

Helping first-time buyers get on to the property ladder, Shared Ownership is a government-backed scheme which allows purchasers to buy a percentage share of the property, and pay rent on the remaining portion. Buyers only require a deposit and mortgage to cover the share they are purchasing, helping those with lower savings and income to buy their first home. As and when they can afford to, buyers can purchase larger shares in their home until they own their home outright, through a process called staircasing.

Harpenden’s local high street is well equipped with a diverse range of big-name and independent shops, restaurants and pubs. The town is well-connected, with trains into central London taking 26 minutes, whilst for international travel Luton Airport is just seven miles away.

Prices for the remaining homes at Roan Place start from £138,000 for a 40% share of a one-bedroom apartment (full market value £345,000). Find out more at catalyst.homes.

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