Apartments in Barnet that won't break the bank
The meals are always hot, the fridge is always full and the rent is free but many twenty and thirty somethings across the UK are desperate to gain their independence and move out of the family home they share with their parents.
While recent figures from the Office of National Statistics (ONS) show that 25% of men in the UK aged 25 to 29 still live at home, leading specialists in affordable home ownership Family Mosaic are doing all they can to provide affordable homes for young London. With a range of new developments launched this year, the latest site is Grove Apartments @ King George Park in Barnet where one bedroom apartments start from £45,625 for a 25% share.
One in three "adult-kids" who have not left the parental nest say they are still living at home because they cannot afford to get a toehold on the property ladder by buying or renting.
In the past, British children have tended to leave home earlier than their European cousins but the latest ONS figures, 13% of women in their late 20s still live at home, this is almost less than half the number of men! The official statistics also show that, for more than 10% of men who have reached their early 30s, home is still with the parents; this compares with 5% for women of a similar age.
Chris Roads, Sales and Marketing Director at Family Mosaic, comments: “We understand the frustration of young Londoners who cannot afford to move out from the family home – and we also understand the frustration of their parents! Our new apartments at King George Park offer the ideal opportunity to live in one of the most vibrant London suburbs which has a lot to offer locally plus easy access to the city.”
Grove Apartments @ King George Park presents a unique collection of one and two bedroom apartments within a landscaped development. Contemporary in style, each new home is designed to provide a top of the range specification with fitted designer kitchens including a range of integrated appliances. Bathrooms feature thermostatically controlled showers, full height tiling to the bath and shower and contemporary style chrome-plated monobloc mixer taps. For security and peace of mind each apartment has an audio entry-phone and access to underground allocated parking.
Grove Apartments @ King George Park are being made available on a part buy, part rent basis. To be eligible purchasers must have a household income of less than £60,000, purchasing an apartment as their first and only home and unable to purchase a home on the open market. First priority will be given to those living and / or working in the London Borough of Barnet and those listed on the councils housing register.
The development is less than half a mile from High Barnet underground station on the Northern line. From here, Kentish Town is minutes away as well as Camden Town and Kings Cross St Pancras.
Prices start from just £45,625 for a 25% share based on the full market value of £182,500. For further information, visit: familymosaicsales.co.uk
