Crossrail set to boost homes in Hanwell
For first time buyers looking to take their first step onto the property ladder, Cambridge Yard on Maunder Road just five minutes walk from Hanwell station, offers a stylish collection of new homes available through the Genesis shared ownership scheme. Those who get in early by buying now are expected to benefit most from the boost Crossrail will bring in future years.
Shared ownership schemes, such as the one offered by Genesis at Cambridge Yard, offer first time buyers the ideal opportunity to escape paying increasing rents to private landlords, while also being an investment in bricks and mortar. Purchasers buy the share of their home that they can afford (at least 25%), and pay subsidised rent on the remaining share of the property, usually resulting in lower monthly costs than renting on the open market. They can increase the share that they own at any time, right up to 100%. Prices start from as little as £52,750 for 25% share of a one-bedroom apartment, based on a full market value of £211,000.
Up-and-coming Hanwell has been identified as one of the locations set to benefit most from the arrival of Crossrail. The area is already becoming a popular choice for young professionals seeking good value property with strong future potential.
Hanwell, situated between Ealing and Southall, is currently much more affordable than Ealing or West Ealing. When Crossrail services begin in 2018, journey times from Hanwell station will be cut to just 10 minutes to Paddington and 15 minutes to Tottenham Court Road, making it even more convenient for commuters to access the main employment areas of Central London. Even journey time to Canary Wharf will be just 27 minutes and four trains per hour in each direction will serve Hanwell station. Crossrail is expected to bring 1.5 million more people within 45 minutes’ commuting distance of the capital’s key business districts, giving an estimated £42billion boost to the economy.
Offering the best in contemporary living, the homes at Cambridge Yard are generously sized with floor to ceiling windows to make the most of space and light. Each home has a private balcony or Juliette, whilst many have access to a communal or shared roof terrace.
Interiors are finished to a high quality specification, including sleek kitchens fully equipped with integrated appliances and granite style work surfaces. Bathrooms include a thermostatically controlled shower above the bath and white floor to ceiling tiling. Built-in wardrobes in the bedroom provide ample storage. Security is a high priority, with video entry phone in every apartment and secure covered car parking, as well as bicycle storage space.
The location is already well suited to commuters, located within a short walk of Boston Manor underground station for the Piccadilly Line, whilst Ealing Broadway for the Central Line is less than 3 miles away or 10 minutes by car. Hanwell railway station currently offers services into Paddington in 18 minutes and is two stops from Ealing Broadway. Travelling by road, there is good access to the M4 and M40, putting Heathrow Airport within a 20-minute drive. There is also an excellent local bus network.
To register your interest go to genesishomes.co.uk.
