Be part of the regeneration game in Colindale
Savvy house-hunters know that the ideal scenario is to buy a home in area on the verge of regeneration and sit back and enjoy the improvements and uplift in values. Colindale in North West London is undergoing widespread regeneration and is tipped as one of the most exciting growth areas in this corner of London. Here leading housing provider Genesis is offering a range of properties at Zenith House through its shared ownership scheme, giving first time buyers an opportunity to get in on the regeneration action.
London’s outer boroughs are expected to be the strongest performing over the next five years according to Savills, which cited Barnet as one of the areas to watch. Within the borough, Colindale is recognised as an opportunity area in the Mayor’s London Plan and is already attracting major investment into its housing and transport links. Zenith House is one of the first landmark schemes that is leading the way in transforming Colindale into a vibrant and successful neighbourhood and acting as a catalyst for wider regeneration and employment in the area.
Genesis’ shared ownership scheme is exclusively for first time buyers and allows them to get their foot on the property ladder in a more manageable way. Purchasers can buy the share of their home that they can afford – as little as 25% - and pay a subsidised rent on the remaining share of the property, often resulting in lower monthly outgoings than renting an equivalent property from a private landlord.
Situated in a prime position on Edgware Road, the one and two bedroom shared ownership apartments at Zenith House benefit from a convenient location and excellent transport links, as well as a fantastic range of amenities, providing the perfect combination for stylish modern living.
Situated between travel zones 3 and 4, Zenith House is a short walk from Colindale underground station on the Northern Line, which will benefit from track improvements, meaning an easy commute into Central London. Colindale itself has a growing number of shops, eateries and leisure facilities, as well as new parks and public green spaces.
The homes boast high quality interiors and include the latest in green technology to reduce the carbon footprint of the scheme and lower utility bills for residents. Also included are added value extras such as a dedicated estate management service, super-fast hyper-optic broadband, parking with a number of electric car charging points at an extra cost and free member ship of the car club provided by Zipcar.
Inside, each apartment is designed with a spacious open plan living space and all homes have their own private balcony. Interiors are finished with a high quality specification, including underfloor heating, sleek kitchens complete with Bosch and Indesit integrated appliances, and engineered wood flooring and carpets. For peace of mind, the development offers gated security, a secure underground car park and in each home a video entry system, while outside landscaped courtyards and tree-lined walkways providing peaceful outdoor spaces for residents to enjoy.
The final phase at Zenith House has now been released. Properties at Zenith House under Genesis’ shared ownership scheme start from £61,250 for a one-bedroom apartment based on a 25% share of the full market value of £245,000. Two-bedroom apartments start from £83,750 based on a 25% share of the full market value of £335,000. Buyers can and increase their share at any time, all the way to 100% and outright ownership. The scheme is specifically designed for first time buyers whose household income is less than £66,000 a year and priority will be given to those who live or work in the borough of Barnet.
For further information and to arrange a viewing, visit genesishahomes.org.uk.
