With average property prices for first time buyers in Greater London exceeding £492,000 at the end of 2023, according to the Bank of Scotland, purchasing a home outright in the capital remains out of reach for most first time buyers looking to start their homebuying journey. Help is at hand though, thanks to shared ownership, which gives a first timer a much more affordable opportunity to live in a new property, and Guinness Homes is offering this great scheme at developments across London.
THE ONE HUNDRED, ALPERTON
Just launched, The One Hundred is located in a popular and well-connected part of the London Borough of Brent. Here, 51 of the 100 one, two and three bedroom apartments will be available to purchase through shared ownership.
Set in striking contemporary buildings with a communal rooftop garden, these energy-efficient new homes are finished to a quality specification throughout. The fitted kitchens come with integrated Zanussi appliances, while bathrooms are complete with sleek chrome features. The apartments all have a private balcony or terrace, some offering views over the Grand Union Canal and its towpath, ideal for enjoying a walk, run or bike ride. Perfect for unwinding, residents will also have access to the rooftop garden and podium garden Being in Zone 3, this is a great location for commuters to travel into the heart of the city, with Stonebridge Park and Alperton stations both a 15-minute walk away with a tube journey time of around half an hour to the West End. The Overground services from Stonebridge Park make trips to the likes of Watford Junction, Clapham Junction and Stratford effortless.
There are plenty of other places to go within easy reach. BOXPARK Wembley is under 25 minutes away by bus, where residents can enjoy a diverse range of street food and on-site events. For a superb choice of shops, places to eat and entertainment options, Brent Cross shopping centre and Westfield London in Shepherd’s Bush are both 30-35 minutes away. Away from the crowds, Fryent Country Park is located a 25-minute cycle ride from The One Hundred. The expansive green spaces of Horsenden Hill Nature Reserve and One Tree Hill recreation ground are both just a short journey away by road or public transport.
SIGNAL PARK, TOLWORTH
The current phase of 211 shared ownership homes at Signal Park has been very popular, now 70% sold but with a selection of one and two bedroom apartments still available. When completed, the development will comprise 950 homes complete with landscaped podium gardens, a new public square and a new restaurant/cafe.
There’s an impressive specification to all of these pet-friendly homes, including stylish and contemporary open-plan kitchens with a range of Zanussi integrated appliances as standard. The attractive bathroom fixtures and fittings are also a highlight, and there’s a useful fitted wardrobe to the main bedroom. Neutral shades to walls, high-quality flooring and tiling throughout provide a perfect blank canvas for decoration. The provision of a private balcony or terrace to every property makes Signal Park a real stand-out place to live.
The area has lots to offer across the board. Within just a few minutes on foot are popular Italian and Vietnamese restaurants as well as the lanes and amusements of Hollywood Bowl. From literary festivals to drama and singalongs, the cornerHOUSE Arts Centre has something to entertain all ages, while Kingston-upon-Thames has the Bentall Centre and is also on the doorstep of Hampton Court Palace. Wimbledon Common, Bushy Park and Richmond Park aren’t far away for thousands of acres of open space, woodland and diverse wildlife.
Tolworth is in Zone 5 and provides some excellent public transport services. The railway station is only a couple of minutes’ walk from home at Signal Park, with direct services to the likes of Wimbledon, Clapham Junction and Waterloo (31 minutes), as well as several bus routes. Signal Park will be getting its own brand new bus stand too, making journeys even easier.
Find out more at guinnesshomes.co.uk
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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.