At the end of October, the Government and Mayor of London announced plans to lower affordable housing quotas in London from 35% to 20% in order to stimulate housebuilding1. Affordable housing provider SO Resi, part of Metropolitan Thames Valley Housing is committed to building affordable developments in the capital, including its newly launched SO Resi Westgrove on Tenterden Grove in the London Borough of Barnet.
All 102 planned homes at SO Resi Westgrove will be available to purchase using Shared Ownership. Inside each home are generous living spaces featuring high-quality fitted kitchens, spacious bathrooms and private balconies, with some overlooking the landscaped gardens and benefiting from allocated parking.
Kevin Sims, Director of SO Resi by Metropolitan Thames Valley, commented: “Our commitment to providing accessible housing options continues to grow as we launch another Shared Ownership development in North London, which has already seen demand with all three-bedroom homes now reserved. Situated between Finchley and Hendon, the area is an ideal location for first time buyers and young professionals looking to begin their life in the city. Homes at SO Resi Westgrove offer a much more affordable price point for those looking to settle down in a bustling London Borough.
“Shared Ownership is increasingly being viewed as the answer for first-time buyers as its bridges the gap between renting and buying, allowing buyers the chance to take their first step towards homeownership in an accessible way. At SO Resi Westgrove, buyers can secure a 5% deposit, making Shared Ownership a much more attractive option!”
SO Resi Westgrove is ideally located among tree lined streets, midway between Hendon and Finchley and is surrounded by landscaped grounds, creating a peaceful environment for residents to enjoy. The development is within a few minutes’ walk of several bus routes and just over a mile to Hendon Central Tube station, offering links into central London in 20-minutes.
Close by is a selection of local shops and restaurants, as well as a variety of outdoor spaces to make the most of including Windsor Open Space and Hampstead Heath. Education is well catered for, with a number of highly rated primary and secondary schools close by, including North London Grammar School. For those that travel by car will find main road links such as the A1, the A41 connecting to the M25.
Now officially launched this October, currently available at SO Resi Westgrove is a collection of one and two-bedroom apartments. Prices start from £87,500 with a 25% shared [full market value: £350,000]. To find out more, visit www.sharedownership.co.uk or call 020 8607 0550.
First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.
