Just £2,400 deposit for an affordable new home in London
Octavia Housing highlights: young adults in Wembley are among the highest savers in the UK with an average of £2,106 in savings compared to a national average of £1,296, according to figures from the Halifax.
With just a few hundred pounds more, young first time buyers in Wembley could secure a new home at Morello Apartments, where buyers need just £2,312 to secure a new one bedroom apartment.
This excellent opportunity is highlighted when compared to figures from the Council of Mortgage Lenders which state the average deposit across the UK in 2010 was £31,500.
Andy Warman, Assistant Director at Octavia Housing, commented: “The Morello Apartments offer a perfect opportunity for first time buyers to buy a property in London through shared ownership with a deposit of just over £2,300. We would advise all potential purchasers to view the development as quickly as possible to avoid disappointment.”
Featuring an impressive collection 9 one and 8, two bedroom apartments, located just a few minutes’ walk from North Wembley tube station, these properties are perfect for first time buyers. Prices start from £46,250 for a 25% share in a one bedroom apartment and from £60,625 for a 25% share in a two bedroom apartment. Set around a landscaped courtyard, each apartment has a balcony, terrace or private garden which is ideal for dining al fresco, entertaining guests or simply enjoying fine weather.
Located on Harrowdene Road, Morello Apartments are perfectly located for all of your everyday needs. There is a Tesco Express while other local shopping areas include Wembley High Road and Ealing Road which are local busy shopping areas and on Sundays, Wembley Market is has over 500 stalls selling food, fashion and household goods. King Edward VII and Barham Parks are great places for walking, playing tennis, running or other leisure activities such as football or even bowls!
Designer shops, a multi screen cinema, leisure facilities, restaurants and bars all set to come to Wembley as part of the £100 million ‘Destination Wembley’ campaign. As well as a pedestrianised Continental style boulevard, lined with boutique shops and cafés.
Wembley is fast becoming one of London’s most accessible locations thanks to fantastic rail and underground connections. The Bakerloo line from North Wembley offers services to Paddington, Oxford Circus and Waterloo in less than 40 minutes while from Wembley Park the West End is just 20 minutes away.
Watford Junction and London Euston are both easily accessible in just 26 minutes by rail from North Wembley. There are numerous bus routes that serve the area and for travelling by car, Junction 1 of the M1 is five miles away while Heathrow Airport is just 14 miles away.
Prices start from £46,250 for a 25% share in a one bedroom apartment based on a full market value of £185,000 and from £60,625 for a 25% share in a two bedroom apartment based on a full market value of £242,500.
For further sales information, visit: stagnellfox.co.uk
