According to the Office for National Statistics, proximity to London is one of the most important factors driving up house prices,* meaning properties in the capital and its satellite counties often come with a significant price premium. The city and the surrounding suburbs are often considered to be highly desirable places to live, with the average property in London, Surrey and Hertfordshire currently sitting at £732,933, £663,588 and £570,263 respectively. **
Providing much-needed relief for house hunters in the South East, Shared Ownership is a scheme that allows eligible first time buyers the opportunity to purchase shares (typically between 25% – 75%) in a property, and pay subsidised rent on the remaining portion. The part-buy part-rent scheme offers an alternative route onto the property ladder in a number of popular areas that would otherwise be out of reach to many budding buyers.
Helping first time buyers put down roots, leading property portal Share to Buy have rounded up five developments currently listed on sharetobuy.com that can be purchased in London or the Home Counties for less than £100,000 through the Shared Ownership scheme.
Brand-new apartments at Tandem are the perfect purchase for those looking to step onto the property ladder in trendy East London. Homes have been designed with clean lines, a light and airy living space, a stylish kitchen, a contemporary bathroom and a private balcony. Tandem is well connected, with Bromley-by-Bow tube station (linking to central London via the District line and Hammersmith and City line) and Devons Road DLR station both within walking distance, meaning residents are well-positioned to discover the best that London has to offer.
Prices at Poplar HARCA’s Tandem start from £49,000 for a 10% share of a one bedroom apartment (FMV: £490,000).
Goodsyard, Bishop’s Stortford
Located in the picturesque market town of Bishop’s Stortford, Hertfordshire, a collection of stylish two bedroom apartments are ready to move into now. Each home is designed with open-plan interiors and is complete with a private balcony, ideal for the summer months. Situated just a 40-minute train journey from London Liverpool Street, Goodsyard offers first time buyers an excellent opportunity to step onto the property ladder.
Prices at Sage Homes’ Goodsyard start from £79,750 for a 25% share of a two bedroom apartment (FMV: £319,000).
Angel Oak Point, Croydon
Angel Oak Point offers a brand-new collection of one, two and three bedroom Shared Ownership homes in Croydon, South London. Perfect for first time buyers, the apartments are complete with a fully fitted kitchen and integrated appliances, secure cycle storage and a balcony to every home. Located close to East Croydon station, a well-connected hub, residents are situated on the main London to Gatwick line and can travel to London Victoria in under 20 minutes.
Homes are available through sales agent Red Loft with prices at Angel Oak Point starting from £78,750 for a 25% share of a one bedroom apartment (FMV: £315,000).
L&Q at Hayes Village, Hayes
L&Q at Hayes offers brand-new studio, one and two bedroom apartments, an exciting opportunity for first time buyers to purchase their own home in one of London’s most exciting new property hubs. Located on the site of a former Nestle Factory in Hayes, the contemporary homes are located close to a vast array of amenities, with communal gardens and Grand Union Canal within easy reach. Less than a 10 minute walk from L&Q at Hayes Village, Hayes and Harlington station is well connected, providing quick links to Heathrow and Bond Street via the Elizabeth line.
Prices at L&Q at Hayes Village start from £57,500 for a 25% share of a studio apartment (FMV: £230,000).
Leaside Lock, Bromley-By-Bow
Set on the banks of the River Lea, apartments at Leaside Lock are finished to a high specification and complete with integrated Bosch appliances, while private balconies offer residents spectacular views of the capital. The homes are a short walk away from Roman Road, a historic street which is home to an array of local shops, restaurants and bars, while Stratford and the Olympic Park can be reached by walking east along the River Lea towpath. Located in Zone 2, Bromley-By-Bow has excellent transport links across the capital via the District line, Hammersmith and City line, and nearby DLR station.
Prices at Guinness Homes’ Leaside Lock start from £95,625 for a 25% share of a one bedroom apartment (FMV: £382,500).
Visit www.sharetobuy.com to discover more.