Buying a new property in London is not a cheap option but of course there are many Londoners and others for whom the city is home and a place of work. The government's shared ownership scheme has been a real boon for those unable to afford a home at its full market price and that's the deal on offer at Humes Avenue, which Notting Hill Home Ownership is launching on 2nd and 3rd February 2013 in Ealing.
Buyers will be able to purchase a minimum share of 40% of a two- or three-bedroom home with a parking space and private garden from £138,000. The part-buy/part-rent deal means that a subsidised rent is payable on the proportion of property not owned, usually at around 80% of the market rate, plus a service charge for maintenance.
These properties will be in high demand from all sorts of house-hunters thanks to their impressive specification and convenient location. Family buyers will appreciate the range of good schools within just a mile of the development, the proximity of open spaces such as Elthorne Park and a range of shops.
Commuters will be attracted by a wide array of transport options to many popular destinations, with bus and night bus services, three tube lines and a main line route all within easy reach of home. There are major roads like the A40, M40, M4 and M25 within a short drive and Heathrow is around half an hour away too.
Mark Vaughan, managing director of Notting Hill Home Ownership, said, "Buying a family home in a popular area like Hanwell can be a real challenge, so we expect our Humes Avenue houses to be in great demand. These properties feature high-quality interiors as well as outdoor space and parking, which are so important to many buyers and often hard to find in and around London. In addition, as Humes Avenue features houses rather than apartments, service charges are lower than many Shared Ownership developments. Homes are limited so we'd urge interested buyers to get in touch right away to be in with the best chance of getting their hands on one of these exclusive homes."