With the average house deposit in London currently reaching over £80,000*, home ownership is becoming increasingly out of reach for young professionals, usually on lower incomes and struggling to cover the monthly cost of living while simultaneously saving for a deposit.
For those feeling priced out of buying on the open market, schemes such as Shared Ownership are offering Londoners an alternative route onto the housing ladder. With a huge number of one and two bedroom Shared Ownership homes situated in trendy locations across London, close to direct transport links and thriving business districts, young professionals previously priced out of the property market are now able to put down roots across the capital.
Showcasing the best of affordable homes, leading Shared Ownership property portal Share to Buy offers a wide selection of homes for young professionals across London.
The Volt, Brixton
The Volt is a collection of 14 one and two bedroom apartments, set in the vibrant South London district of Brixton, SW2. Situated a four minute walk from Brixton underground station, residents can enjoy easy travel across the capital, as well as a host of eclectic landmarks nearby. All of the Shared Ownership apartments offer a contemporary specification and layout and feature their own outdoor space in the form of a balcony or terrace. Prices for a one bedroom apartment start from £108,750 based on a 25% share with a full market value of £435,000.
NEST, Leyton
A stylish collection of 73 one, two and three bedroom homes in the vibrant heart of Leyton. A contemporary and striking development in East London’s fashionable new postcode, NEST is where community and creativity meet. Five minutes walk from NEST is Leyton Underground station, reaching Liverpool Street and the West End in less than 30 minutes. Creative hub Bethnal Green is also just three stops from Leyton, a short walk from the boutiques and restaurants of Shoreditch. Prices for a 25% minimum share at NEST range from £81,250 – £138,750.
Furlong Court, Bow
Furlong Court is a contemporary new development in the heart of vibrant Bow, offering excellent transport links from nearby Mile End and Devons Road station. The first floor property is complete with integrated Zanussi appliances to the kitchen, while the bathroom features sleek white sanitaryware. The homes also come with a video entry system, a private balcony and access to a roof terrace. Prices from £125,000 for a 25% share of a two bedroom apartment (full market value £500,000).
Lansbury Square, Poplar
Positioned in the centre of Poplar, close to East London’s business district, Lansbury Square is a collection of two bedroom Shared Ownership homes. Ideal for city workers, nearby Langdon Park DLR station offers six minute journey times to Canary Wharf, also home to a buzzing selection of bars, restaurants and pubs. Prices start from £124,375 for a 25% share of a two bedroom apartment (FMV: £497,500)
Lyon Square, Harrow
Located in the heart of Harrow, Lyon Square is a distinctive collection of one and two bedroom Shared Ownership apartments. The new homes combine high quality specification in a sought after location – Harrow on the Hill station is just a short five minute walk away from the development, reaching central London in just 20 minutes on the Metropolitan line and National Rail. Prices start from £137,250 for a 25% share of a one bedroom apartment (full market value £305,000) and £100,000 for a 25% share of a two bedroom apartment (full market value £400,000).
All of the above homes are listed on Share to Buy, visit www.sharetobuy.com