Developer L&Q has released another phase of new-build shared ownership apartments at its Bourne Place development in South Kilburn, part of a major regeneration programme that will see some 3,000 new homes come to this part of northwest London.
Buyers have a choice of one-, two- and three-bedroom layouts with open market prices from £284,950, £349,950 and £474,950 respectively. A minimum 25% can be purchased initially, with the option to "staircase" to 100% ownership over time as funds allow.
With a required deposit of around £5,000 and household income of around £39,000, the shared ownership arrangement allows buyers to purchase a proportion of one of these brand new homes and pay a subsidised rent on the portion they don't own to allow them to save money to purchase further shares over time. A service charge is also payable to cover the upkeep of the communal areas of the development.
Each property has been designed to maximise natural light and comes with a private terrace or balcony from which to enjoy fresh air and landscaped surroundings. The contemporary architecture is matched with a high-quality, chic interior specification.
South Kilburn is a very vibrant area with lots to offer, including landmarks such as Portobello Market and the Tricycle Theatre, and many leisure options on the doorstep, including sports facilities at Paddington Recreation Ground, first-class cricket at Lord's and the open spaces and zoo at Regent's Park.
While there are numerous lively pubs and everyday shops in Kilburn itself, nearby Maida Vale and Little Venice are also home to a wide variety of upmarket boutiques, bars and restaurants. Bakerloo Line tube services from Kilburn Park station whisk you to the West End in just a few minutes and there are easy connections to the City and Docklands too.
Priority is given to prospective buyers living or working in the London Borough of Brent but you are also eligible if you live or work in the boroughs of Ealing, Hammersmith & Fulham, Hillingdon, Hounslow, Harrow, Richmond or Wandsworth. Call 0844 406 9294 for more details.