For people hoping to get an affordable first step on the property ladder in London’s expensive market, there are a number of releases of new collections of Shared Ownership homes across the capital that could make that wish a reality.
Providing first-time buyers the opportunity to purchase a home in Zone 2 with a friend, Guinness Homes have just launched 33 two-bedroom apartments at Leaside Lock, exclusively through Shared Ownership. Following a sell-out first phase, this new collection gives buyers an opportunity to purchase between 25% to 75% of the property’s full market value, paying a mortgage on the share they own and rent on the remaining, unowned share. Purchasers will be eligible for the scheme if both friends’ annual income combined is less than £90,000 a year. Purchasers only require a 5% deposit for the share they purchase, so split between two buyers, a deposit for a home at Leaside Lock could be £3,031.25 per person.
Set on the banks of the River Lea and just a three-minute walk fro Bromley-by-Bow Zone 2 Underground station, Leaside Lock is ultimately delivering 965 studios, one-, two- and three-bedroom homes – with a mix of Shared Ownership, Help to Buy and outright sale homes available, wrapped around a thriving central piazza with new facilities on-site including a café, a health and fitness studio, a gym, a convenience store and co-working space.
The high-specification homes feature underfloor heating throughout, contemporary kitchens complete with integrated Bosch appliances, and bathrooms and en suites are finished with sleek sanitaryware. All residents will have access to a podium garden and a number of blocks will have roof terraces, offering panoramic views across London from all angles.
Prices start from £112,500 for a 25% share of a two-bedroom apartment (full market value £450,000). Find out more at www.guinnesshomes.co.uk.
Bowden House at Windsor Apartments
Latimer has unveiled Bowden House at Windsor Apartments, a new collection of eight one-bedroom homes situated on Prince of Wales Drive, a prime street in Battersea. The residential complex is set amongst landscaped gardens creating natural tranquillity and is just 150 metres from Battersea Park.
Krete Luca, sales director at Latimer, part of the Clarion Housing Group, said: “We are delighted to be launching our second collection of homes in Battersea after a popular first phase. We have focused on creating homes fit for contemporary lifestyles with open-plan layouts and adaptable indoor and outdoor space. The location benefits from being a lively social hub and is enriched impressive green areas.”
As the site of a former Victorian gas holder, Bowden House’s external architecture carries strong connections to its industrial past, alongside the iconic Battersea Power Station. Modern interior elements, inviting communal areas such as a piazza and café and the extensive landscaped gardens complete with an ornamental pond, provide a balance of past and present as well as urban and rural.
The interiors of the homes include underfloor heating, open-plan kitchen and dining spaces featuring fully integrated Hotpoint appliances and Silestone worktops. Kaindl Chelsea Hickory wood-effect flooring in the living space and plush carpets adding extra warmth to bedrooms. Spacious bedrooms are welcoming retreats with a neutral colour palette, built-in wardrobes and roller-blind systems whilst luxurious bathrooms feature a shower bath with Holz wood-effect panels. Balconies or terraces give each apartment a private outdoor area while video/audio entry provides security along with a concierge service.
Through Shared Ownership, prices at Bowden House start from £158,750 for a 25% share of a one-bedroom apartment priced at £635,000. Find out more at www.windsorapartments-sw11.co.uk.
Origin at Middle Yard
In north-west London, Origin Housing has just launched a brand new collection of contemporary one-, two- and three-bedroom Shared Ownership apartments at Origin at Middle Yard, on the borders of leafy Dollis Hill and bustling Neasden.
Set in a striking architecturally designed building, which faces into a landscaped central public realm, the development is situated close to an array of open spaces, including Brent Reservoir and Gladstone Park. Buyers who choose to call Origin at Middle Yard home are also well catered for by a host of nearby amenities, including a retail parade a short walk away along Dudden Hill Lane with a number of shops, cafés and restaurants. Wembley BoxPark is a 25-minute walk away.
Inside these new homes, kitchens are complete with integrated Zanussi appliances including ceramic hob, oven, fridge/freezer, washing machine and slimline dishwasher whilst modern bathrooms all feature quality white sanitaryware, floor-to-ceiling stand-in shower and towel rail. Providing sought-after outdoor space, each home comes with a private balcony.
Perfect for families moving to the area, Gladstone Park and Ofsted ‘Good’ rated schools Northview Junior and Infant School and Gladstone Park Primary School are all nearby, offering a quick morning drop-off for parents. Ideally located for commuters, Origin at Middle Yard is located a short walk from both Neasden station and Dollis Hill stations, which are both serviced by the Jubilee Line, providing quick links into central London in just 13 minutes.
Prices start from £89,375 for a 25% share of a one-bedroom Shared Ownership apartment (full market value £357,500), meaning that a home could be secured with a deposit as low as £4,469. Find out more at originhousingsales.co.uk.
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