Shared ownership touches down in West Drayton
Notting Hill Home Ownership is addressing the need for affordable first-time buyer homes in West Drayton, with the launch of 30 contemporary shared ownership apartments at Park Lodge Avenue.
Workers and residents of Hillingdon are being in invited to register their interest in these much anticipated homes which start from as little as £51,300.
Park Avenue Lodge is part of Parkwest, the leading development in West Drayton by St George, which is located just one mile from West Drayton Train Station and Stockley Park. A total of 30 one, two and three bedroom homes spread over two blocks in Farringdon House and Garland House will be available. Suitable for singles couples and families these stunning homes will give first-time buyers the opportunity to get a foot on the property ladder.
Mark Vaughan, Director of Homes Ownership for Notting Hill Housing comments: “The shared ownership homes at Park Lodge Avenue offer a great opportunity for local residents currently priced out of the market. The development benefits from both a town and country feel and has great transport links into London which are set to increase with the launch of Crossrail in 2017.”
Homes boast a modern design and offer high internal specification. Kitchens feature contemporary units and worktops, ceramic floor tiles, spot lighting, integrated Zanussi oven, grill, hob and fridge freezer, complemented with stainless steel extractor hoods and sinks. Stylish bathrooms offer contemporary white suites, a thermostatic shower and ceramic flooring.
Oatmeal twist pile carpets feature throughout the living room, bedrooms and hallway and master bedrooms include fitted wardrobes. All apartments also benefit from a Sky + connection, low energy light fittings, balconies or gardens and unallocated car parking spaces.
Park Lodge Avenue is surrounded by open green spaces and parks. The borough of Hillingdon is known for being where town and country meet, boasting 800 acres of woodland, country parks, rivers and the Grand Union Canal.
Park Lodge Avenue is in a superb location for commuters, and international travelers and students alike. The M4 and M25 are just a couple of miles away, as is Heathrow -The World’s Busiest Airport. Despite its close proximity, the development is not under the flight path so there is no noise from passing planes. Stockley Park, Europe’s premier business park, which houses companies such as Apple UK, BT, Cisco, Marks and Spencer, Sharp and Hasbro is only a few minutes away and benefits from a Virgin Active Gym and an 18-hole championship golf course.
West Drayton Station has direct links to London with trains to Paddington going every half-hour and taking approximately 25 minutes. The £16 billion Crossrail scheduled to open in 2017 will allow commuters from Park Lodge Avenue to get direct connections to Bond Street, Tottenham Court Road and Liverpool Street. The world famous Brunel University is located only a few miles away and provides opportunities for thousands of undergraduates from all over the world each year.
To be eligible for shared ownership buyers must live or work in the borough of Hillingdon. Homes are being offered with shares of between 30% and 75% of the property’s full value. A subsidised rent is payable on the remainder, with the option to purchase additional shares later on. Based on a 30% share, prices for a one-bedroom apartment start from £51,300 with a full market value of £171,000. Applicants must be earning between £23,750 and £60,000. Applicants must register with Hillingdon Council.
For further information visit nottinghillhousing.org.uk.