Affordable family homes with shared ownership
Shared ownership may be the solution for nearly a third of parents who would like more space for their growing families and to get on the property ladder rather than renting. According to a study by This is Money 29% would like a larger property to accommodate the size of their family.
With average monthly rents in London for a three bedroom apartment at £1,732, it’s no wonder families are struggling to afford a deposit to secure a new home. The two and three bedroom apartments at the Bottle Store in Stockwell and two bed apartments at Market Green in Islington and are available under Family Mosaic’s shared ownership scheme, which brings the purchase of properties suitable for growing families within reach.
Prices for three bedroom apartments at The Bottle Store start from £145,500 for a 30% share of the full market value of £485,000 and from £125,550 for two bed properties. At Market Green, you can move in to a two bedroom apartment for just £90,750, based on a 30% share of a full market value of £302,500! Shared ownership allows purchasers to buy a minimum 30% share of the home and pay a subsidised rent on the remaining share. Buyers can increase their share at any time, all the way to up 100%.
Both affordable apartments do not compromise on location, style or quality as they offer an enviable city lifestyle right on the doorstep. Bottle Store is nearby to Brixton, which is one of the most culturally dynamic areas of London. At its heart is Brixton Market, a fantastic array of stalls offering everything from exotic foodstuffs to fashion and described by Time Out as a ‘sensory fiesta’.
Market Green is within walking distance of the world-renowned Almeida Theatre and the famed restaurants and nightlife of this most cosmopolitan of London enclaves. It’s also perfectly placed for open-air relaxation and family fun. The green expanses of Caledonian Park — 10 acres of grass and woodland — are just up the road, while Market Road Gardens lie directly opposite the development.
Potential homeowners will not just be buying an enviable and affordable address; they’ll also be investing in style and quality both inside and outside their new home. Both the apartments feature gloss units and laminate worktops, with integrated fan ovens, fridge/freezers and washer/dryers in the kitchen, a white bathroom suite with chrome fittings and oak effect laminate flooring throughout the hall, living room and kitchen. To add some luxury, the bedrooms feature 80% wool carpet and master bedrooms include fitted wardrobes.
For further information, visit familymosaicsales.co.uk.
