London Home Show Sponsors: Meet SO Resi
Step onto the property ladder in the London Borough of Barnet with Shared Ownership
Thinking about stepping onto the property ladder this year, but not sure how to achieve homeownership in London? Thanks to Shared Ownership, you could set your sights on your new home in the heart of the London Borough of Barnet, more specifically – Westgrove.
Situated on tree-lined streets between Hendon and Finchley, SO Resi Westgrove offers one and two bedroom apartments priced within reach of first time buyers, with prices starting from £35,000 based on a 10% share of a one bedroom apartment (full market value: £350,000).
Why Westgrove?
Recognised as a green suburban sanctuary, Westgrove is located in-between the bustling areas of Hendon and Finchley. SO Resi Westgrove offers buyers comfort, security and ease of living in the heart of North London at an affordable price point for those looking to get onto the property ladder.
Each apartment benefits from a private balcony, some with views over the landscaped gardens. Allocated parking spaces will be available for select units. Throughout SO Resi Westgrove there is access to amenity spaces, seating areas, trails and pedestrian routes, utilising the attractive natural landscape for residents to enjoy.
The development is within reach of several bus routes, plus Hendon Central Underground Station, which is just over a mile away. The main road links are the A1, the A41 connecting to the M25, as well as the A406 North Circular. For travel further afield, Heathrow, Luton, London City and Stansted Airports are all within one-hour’s drive, with Luton Airport being the most conveniently located.
Why Shared Ownership?
Shared Ownership allows buyers to purchase a share of a property that they otherwise would not be able to afford to buy. Buyers can secure a mortgage on the portion of the property that they are buying, while paying a below-market rate rent on the remainder – with the opportunity to buy more shares over time to achieve 100% ownership of their home.
Deposits for Shared Ownership homes start from just 5% of the value of the share that they are buying. At SO Resi Westgrove, this equates to deposits starting from as low as £1,750 (based on a 10% share) – just a fraction of the full market value of the property!
In London, Shared Ownership plays a vital role in supporting first time buyers to achieve homeownership. In Hendon, data reveals that flats sold last year for an average of £457,836[1], emphasising the importance of accessible schemes.
For more information
SO Resi Westgrove is a collection of one and two bedroom apartments available with Shared Ownership. Prices start from £35,000 based on a 10% share of a one bedroom apartment (full market value: £350,000).
To find out more, visit https://soresi.co.uk/find-a-property/westgrove-2.
Attend the London Home Show
Tickets for the London Home Show are free, but visitors must register in advance to attend. For more information, or to reserve your place at the capital’s no.1 first time buyer event, please visit the event page.
Share to Buy lists thousands of affordable properties across the country, including those available through Shared Ownership, Rent to Buy, and Discount Market Sale. Learn more about the different buying and rental schemes available today.
