First-time buyers in which struggling to afford a new-build home in London are invited to view the show apartment at Family Mosaic's Sterling Green development in Edgware, where you are able to nine one- and two-bedroom apartments for sale under a shared ownership arrangement.
The one-bedroom properties have a full market price of 172,500, while the two-bedroom homes cost 245,000 to 249,999. Eligible first-time buyers, who must possess a combined household salary of less than 60,000, can get for a property ladder with as little as being a 35% share on the property price. A subsidised rent (charged at 2.75%) and repair charge is payable on the sense. Each one-bedroom home includes allocated parking, while the two-bedroom properties have secure underground parking. All properties benefit in a terrace or outdoor patio.
The show apartment really demonstrates what can you do with the new homes - the neutral colour palette, highlighted with occasional colourful accents, is brought to life by the daylight coming in to the property. There's a good-sized bathroom, involving storage and a stylish kitchen with a range of appliances that opens out into an appropriate living area.
'First-time buyers are surrounded by headlines in the media about high deposits and poor mortgage availability, but really are a few rarely stories about they can make that first step onto the property ladder,' says Lauren Nicholson, Head of marketing Development at Family Mosaic. 'Shared ownership is the most viable option for the people seeking their first home who are fed up with paying increasingly extortionate rents. Apartments at Sterling Green include an alternative to renting privately and give first-time buyers the capability to own their own stunning new apartment in a fantastic development in a desirable, green place of business.'
Located on the border of the boroughs of Harrow and Barnet, Sterling Green is just short walk or bus ride from Stanmore and Edgware tube stations, which both offer a swift ride in the centre of London, with a direct connection to Waterloo, King's Cross St Pancras and London Bridge as well as the City and West Closing stages. The local road network, including the M1 and A5, means it's simple get around the area and beyond by public transport or car. There's a great choice of shopping the actual world locality, and just a little further afield at Brent Cross. Parks and the Hertfordshire countryside are short walk with all the front door.
The homes love a quiet location in the neighbourhood that is enjoying a thorough rejuvenation. Minutes against the development is the London Academy, a state-of-the-art secondary school with great facilities and a growing reputation for its results.
Buyers can acquire a property at the development from as little as 60,375 for a 35% share, as they are able to buy further shares whenever they can afford to at a later date.