‘Tis the season for home ownership with Share to Buy!
Top 5 on Share to Buy!
According to new research from the Bank of England, Brits increase their monthly spending by £800 on average during December, splashing their cash on gifts, decorations, and Christmas celebrations. While first time buyers may dream of hosting the holidays in their own abode, festive spending can make saving for a deposit on a first home an even more daunting task in London’s competitive property market.
Shared Ownership is an alternative home ownership scheme helping first time buyers take their first step onto the property ladder, often requiring lower deposits and repayments compared to purchasing on the open market. Lower costs could help house-hunters keep a little extra cash aside for spending over the festive season – whether they’d like to splash out on gifts for loved ones, or simply want to explore all that the capital has to offer this Christmas!
Showcasing the best of affordable homes, leading Shared Ownership property portal Share to Buy have rounded up their top five Shared Ownership homes currently listed on the website that are within easy reach of London’s Christmas markets and light displays.
SO Resi Sydenham
Available through Shared Ownership, two bedroom new build apartments at SO Resi Sydenham are just a 17 minute train journey to London Bridge station. The apartments come with dedicated parking and are beautifully designed and light-filled; each home features an open-plan living/kitchen area with full height windows and a door opening on to a private balcony overlooking the gardens. The sleek kitchen is fitted with the latest appliances, while fitted wardrobes to the main bedroom are included as standard. The development is within easy reach of Beckenham Place Park where festive pop-ups, markets, and workshops will take place throughout the season. Prices for two bedroom apartments start from £116,250 for a 25% share (FMV £465,000).
NEON is a collection of contemporary one, two and three bedroom Shared Ownership apartments located in bustling Edgware, North London. One and two bedroom apartments are available from a 40% share, while three bedroom apartments are available from a 25% share. Edgware is transforming into a lively London neighbourhood with an excellent selection of amenities and transport links. The area is served by the Northern line, offering direct access to Kings Cross and the Christmas Canopy Market. Prices start from £132,000 for a 40% share of a one bedroom apartment (FMV £330,000), £168,000 for a 40% share of a two bedroom apartment (FMV £420,000), and £215,000 for a 40% share of a three bedroom apartment (FMV £537,500).
Carmen Street, Langdon Park
Each home in the Carmen Street development is designed to the highest standard with the majority having their own private balcony. Living areas are light and open plan, creating a great sense of space while the décor is stylish and understated. Langdon DLR is moments from the development meaning residents are less than 10 minutes from Canary Wharf or 20 minutes from Bank. Popular Chrisp Street Market is less than five minutes’ walk from the development, where the Chrisp-mas Street Market will return with Santa’s Grotto, lights, and an ice rink. Prices start from £93,125 for a 25% share of a one bedroom apartment (FMV £372,500), £116,250 for a 25% share of a two bedroom apartment (FMV £465,000), and £132,500 for a 25% share of a three bedroom apartment (FMV £530,000).
City North, Finsbury Park
Transforming the heart of Finsbury Park is City North, a new multiuse development featuring a selection of one, two, and three bedroom apartments available through Shared Ownership. Tree-lined walkways and rooftop gardens connect the modern development while a new purpose-built entrance to Finsbury Park underground station is on the doorstep. The open plan apartments are flooded with natural light from large windows, whilst the contemporary kitchens feature fully integrated appliances. Grade II listed Finsbury Park is just a five minute stroll from the development, where festive Christmas lights will set the park aglow from the end of November. Prices start from £96,250 for a 25% share of a one bedroom apartment (FMV £385,000), and two bedroom apartments start from £115,000 for a 25% share (FMV £460,000).
New River Walk, Hornsey
A new collection of one bedroom Shared Ownership homes has launched in Hornsey, in the borough of Haringey at New River Walk. Not only will residents be able to enjoy all that the classic Victorian suburb has to offer, they’ll also be within easy reach of Central London thanks to Hornsey Rail Station which is located just two minutes from the development. The hilly expanse of the iconic Alexandra Palace and Park lies just to the north of Hornsey, offering stunning views of the London skyline and will see the return of Santa and his grotto this December. Prices start from £156,000 for a 40% share of a one bedroom apartment (FMV £390,000). Priority will be given to people who live or work in Haringey.
Information and pricing correct as of 29/11/2019.