Price: £126,000 for a 40% share
Deposit: £6,300 assuming 5%
Thames Valley Housing (TVH) have recently launched a selection of one and two bedroom apartments in Isleworth, West London which are available to purchase via shared ownership. The 16 properties are available from £315,000 or £126,000 for a 40% share with a 5% deposit.
Kush Rawal, sales & marketing director at TVH, says: “Acacia provides a fantastic opportunity for buyers looking to get their first step on the property ladder. It offers everything people want from urban living - a great location within easy reach of central London, smart design and an affordable price. With the recent shake up in the shared ownership rules, more buyers than ever are eligible and we're expecting very high interest in these stunning homes.”
Each individual apartment has been designed the make the most of natural light and integrated storage. The kitchens come fully fitted with oven, hob, fridge-freezer and washer/dryer providing a major saving opportunity for first time buyers. Each apartment will also have an allocated parking space as wells as storage for push bikes.
Isleworth, where the development is located, is a cracking place to live in London. It has plenty of amenities including shops, pubs and leisure facilities. Richmond is only three miles away with bars, restaurants and a cinema. Acacia is also ideally placed to travel to Central London or Heathrow Airport. You can get to:
Chiswick in 10 minutes
London Waterloo in 37 minutes
London Victoria in 42 minutes
Prices begin at £315,000 for one-bed apartments and £400,000 for a two-bed. However, shares in the properties can be purchased for just 40% of the full list price.
New rules introduced in April increased the maximum household income buyers are permitted to earn to be eligible for shared ownership in the Capital to £90,000. The eligibility restrictions on where you live or work have also been relaxed meaning more people can now enjoy the benefits of shared ownership in London.
Read - First Time Buyer Legals Checklist (members of Propertychecklists.co.uk receive a 10% discount when using Beaumont Legal services)