Homes for everyday families in South London

Notting Hill Home Ownership is spearheading the Government’s requirement for the provision of high quality, value-for-money family homes in the capital, by offering a range of three-bedroom properties at its striking new-shared ownership scheme, Carew Grove.

Located in Streatham, these apartments are perfect for families seeking affordable, design-led homes.

In a recent announcement, The London Assembly highlighted that there is an unacceptable supply of family-sized homes in the capital and improving provision must become both a government and developer priority. It stated it is vital to increase the proportion of affordable family homes in order to assist young couples and their children into home ownership, especially in the current market, while at the same time helping to support and maintain strong family ties.

Notting Hill Housing, the London-wide provider for people, places and properties – prides itself on being a champion in addressing its customers’ needs and delivering change across the complete spectrum of home provision.

The company has long-standing relationships with all its residents; it knows their stories and it knows their requirements and it is through these relationships that Notting Hill Housing benefits from on-the-ground knowledge of its customers’ needs and changing circumstances. This has enabled it to stay ahead of the competition in its offering and respond to the growing need for the increased provision of good quality, family accommodation as opposed to the usual offering of one and two bedroom apartments.

As a result, Notting Hill Housing has pioneered the way in incorporating larger apartments into its new developments. A key example of this is at its impressive Carew Grove scheme, which not only offers the highest specification for shared ownership housing that the UK has ever witnessed but it has incorporated a range of three-bedroom apartments into the design of the development.

Mark Vaughan, Director of Home Ownership for Notting Hill Housing comments:

“We have noticed a new and growing trend among our customers, they are no longer just looking for affordable one and two bedroom apartments, more and more are seeking value-for-money family accommodation. By incorporating larger units into the design of our new developments, we are foremostly answering the needs of our customers but also the HCA and the Mayor’s call to provide an increased number of low-cost family homes.

“In the past, shared ownership was mainly targeted to offering accommodation to single people and couples, but Notting Hill Housing is dedicated to changing this and providing homes to all Londoners, including families. The provision of the larger apartments at Carew Grove is certainly testament to this.”

Carew Grove, situated in an excellent location minutes from Streatham Hill, is the redevelopment of the former Police residence building on Leigham Court Road and is set within a green and tranquil setting. The scheme comprises 25 apartments, eight of which offer spacious three-bedroom homes in addition to the one one-bedroom and 16 two-bedroom apartments.

The scheme offers purchasers stylish, spacious homes that boast an impressive specification and layout normally linked to private developments. By setting its standards higher than its competitors and showing that design integrity does not have to be compromised when it comes to affordable housing, Notting Hill Home Ownership has created a distinctive signature look that defines contemporary, yet practical, everyday living.

Streatham is ideally suited for those who enjoy the urban life, and who want to make the most of London’s countless and easy to reach attractions and amenities. However, as a centre in its own right, Streatham is a lively suburb and offers residents numerous different activities in a vibrant and diverse community.

For those making the daily commute into central London, Carew Grove is conveniently located on Leigham Court Road, only a ten-minute walk from Streatham Hill mainline railway station. Trains running to Central London are so frequent that commuters will be able to just ‘turn up and go’ at the station, taking passengers direct to Victoria in just 15 minutes and London Bridge in 30 minutes. Additional stations at nearby Streatham Common and Streatham will provide commuters with even more destination choices into the capital.

Carew Grove is available to purchase through shared ownership (New Build Homebuy). Anyone living or working in London is eligible, however priority will be given to those living or working in Lambeth. For purchasers looking to invest in the development they have the opportunity to buy an affordable share of between 25% and 75% of the property’s full value and pay a subsidised rent on the remainder, with the option to purchase shares later on.

Prices for the one-bedroom apartment start from £38,750, based on a 25% share with the full market price value at £155,000. Potential purchasers must have a minimum salary of £23,000 as a single applicant, or £26,250 if making a joint application, for the one bedroom apartment.

Prices for two-bedroom apartments start at £50,000, based on a 25% share with the full market value at £200,000. It is necessary to have a minimum salary of £26,250 as a single applicant, or £29,750 if making a joint application for a two bedroom apartment. Prices for three-bedroom apartments start from £57,500, based on a 25% share with the full market value at £230,000. Applicants must also have savings of £3,500 to cover the cost of buying the home.

For further information on Notting Hill Housing Group, visit nottinghillhousing.org.uk.