Choice Of Shared Ownership Homes In Hounslow

Posted 9 October 2020 by Keith Osborne

West London buyers can find a number of homes available on a part buy-part rent basis in well-connected Hounslow...

The west London suburb of Hounslow has become a popular location amongst homebuyers with its numerous transport links, close proximity to Heathrow Airport and impressive green spaces.

The multicultural town is undergoing a multi-million-pound regeneration, transforming and improving it’s offering in more ways than one. Particular focus has been placed on the high street; which is set to become a hub for all things shopping, leisure, and entertainment. A new multiplex, bringing a new public square, a 10-screen cinema, new shops and a wide choice of restaurants and cafés to visit.

Hounslow Central and Hounslow East Underground stations offer services to the West End and King’s Cross in under an hour. Residents can also make use of Hounslow railway station, offering direct trains to Waterloo or Clapham Junction in under an hour. For those travelling by car, both the A4 and M4 run past Hounslow, providing links to Hammersmith and central London, as well as Slough, Reading, Swindon and Bristol.

Positioned just a five-minute walk from Hounslow Central station, and overlooking 40 acres of green space at Lampton Park, The Staging Post delivers a modern collection of one-, two- and three-bedroom homes and Notting Hill Genesis has just released an exclusive three-bedroom duplex apartment under Shared Ownership which a lucky buyer can secure at £143,125 for a 25% share of £572,500.

This exceptional home offers spacious and flexible layout spread across two floors, both of which feature outside space in the form a private balcony accessed via the lounge/diner on the lower floor and via the master bedroom on the upper floor. A kitchen complete with integrated Zanussi appliances also features a storage/utility cupboard which is conveniently separated from the lounge/diner. There is a downstairs cloakroom and a further upstairs bathroom along with three spacious bedrooms.

James Munson, head of marketing at Notting Hill Genesis commented: “This area of west London has seen some major redevelopment, and is an exciting prospect for homebuyers. Having undergone a programme of regeneration plans to provide new and improved amenities for local people, this will be sure to attract further investment in renewal over the coming years. For first-time buyers and families, our final three-bedroom Shared Ownership apartment at The Staging Post offers a fantastic opportunity to own an affordable home without compromising on anything – good transport links, surrounding green space, good schools and new facilities on the horizon!”

Find out more at www.nhgsales.com.

For house-hunters on a more modest budget, award-winning property developer Network Homes is offering a helping hand to prospective purchasers at its A+ development, an eight-minute walk to Hounslow East Underground station, in the form of two incentives.

Helping to alleviate some of the costs associated with buying a new home, these are £500 towards legal fees, and free parking for one year.

A Plus There’s a selection of one- and two-bedroom Shared Ownership apartments, each with its own balcony or terrace and private access to a surrounding garden square. Inside, contemporary kitchens come complete with luxury Omega-designed base and wall units, fully integrated Samsung appliances, and laminated worktops with matching full-height upstands. Bathrooms feature white sanitaryware, white semi-recessed basins with chrome mixer taps, and ceramic tiling to floors and walls. Bedrooms feature fitted wardrobes with part-mirrored doors and elegant pendant lighting. All homes come complete with Amtico flooring and video entry system.

Lisa Ley, head of sales and marketing at Network Homes, commented: “We aim to make the process of buying a new home as stress-free as possible for our purchasers. Buying a property is a worthwhile investment, but for first-time buyers, the prospect of doing so can feel out of reach. In addition to providing a stunning collection of Shared Ownership homes, we are offering two incentives that will help ease the financial burden for those hoping to make this exciting step on their property journey.”

Courtney Reigh Gannon, regional sales manager at agent Haart, comments: “The apartments at this development have been built to an exceptional standard. The high-quality specification, which includes a selection of fully fitted Samsung appliances, was a huge draw for many of our recent buyers; as was the new parking incentive; which has been a significant driving force behind a number of our recent sales. Parking in London is a real luxury, and can also be extremely costly; so this incentive is sure to appeal to a broad range of buyers, not least those who are making their first step onto the property ladder and want to keep their costs low.”

Prices start from £75,000 for a 25% share of a one-bedroom property, based on a full market price (FMV) of £300,000, and from £93,750 for a 25% share of two-bedroom property (FMV £375,000)

Find out more about A+ from Network Homes.

 

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A Guide To Part Buy Part Rent
Part Rent Part Buy is a scheme you can use with Home Reach where you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.

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