New homes in Hackney to suit first time buyers
Genesis’ two phases of development at Woodberry Park provide a wide range of properties to suit first time buyers – and thanks to the shared ownership scheme, purchasers can be sure to find their perfect home in north London without stretching the budget.
This is especially good news as recent research revealed by the Office for National Statistics has shown that house values have risen 1.4 per cent in the year to April, adding £15,000 to the price of the average home.
Woodberry Park and Woodberry Park North set out to challenge the increase in prices by offering apartments, through shared ownership, that will benefit people aiming to get onto the property ladder.
At Woodberry Park, prices for a one bedroomed apartment start from £57,500, based on a 25% share of a full market value of £230,000. A three bed starts from £78,750 based on a 25% share of a full market value of £315,000. Meanwhile at Woodberry Park North, prices start from just £57,500 for a 25% share of a full market value of £230,000 for a one bedroom apartment.
By taking advantage of the Genesis shared ownership scheme buyers can purchase between 25% and 75% and increase their share at any time, all the way to 100% and outright ownership. Apartments are available to anyone who does not already own a property and is unable to buy a home on the open market. Their total household income must be less than £64,300 per annum for a one or two bedroom apartment or £77,200 for a three bedroom apartment. Ideally they should also have savings of around £3,500 to cover moving and legal costs.
The view from the upper floors at Woodberry Park must be seen to be believed: a panoramic sweep across a picturesque boating lake, fringed with trees and pleasant paths, towards the majestic skyline of central London, including the city’s latest architectural icon, the Shard.
Woodberry Park North offers a fantastic combination of generous interior space and light with a wonderfully 'tucked away' location that gives a real sense of privacy. Many of the top floor apartments have fantastic views across North West London towards Alexandra Palace, whilst others have far reaching views up and down the New River, ideal for watching the ducks, Canada geese and grey herons that thrive there.
Every aspect of the apartments has been designed for ultimate style, comfort and convenience. Interiors are finished to a superior specification, with dramatic floor-to-ceiling windows; sleek contemporary bathrooms fully tiled with ceramic feature wall and co-coordinating ceramic floor tiling; and fully fitted Indesit appliances in the kitchen. An electronic audio door entry system ensures security and peace of mind, while stylish glass and steel balconies and paved terraces make sure that homeowners enjoy as much time outside as they will inside.
Ideal for commuters, the development is just around the corner from Manor House underground station, from where the Piccadilly Line runs services to Finsbury Park in two minutes and King’s Cross St Pancras in 10 minutes – making it ideal for regular Eurostar users.
Visit genesishomes.co.uk for more information.