First time buyers who find themselves locked out of the housing market will receive an early Christmas present thanks to the launch of hundreds of new homes across London by the UK’s largest affordable housing provider.
This winter Clarion Housing Group is launching a total of 261 new shared ownership homes in Colliers Wood, Southall and Havering - enabling hundreds of Londoners who may not be able to afford to buy a property outright, the opportunity to get on the housing ladder.
Tim Seward, Director of Sales for Clarion Housing said: “Tackling London’s acute housing crisis means building homes of all kinds to meet the wide range of housing needs.
“As the UK’s largest provider of affordable housing, we have a major role in helping to fix the housing crisis and delivering homes for shared ownership is part of the solution.
“We hope that by launching large numbers of shared ownership homes across London we can bring some early festive cheer to hundreds of Londoners.”
In Colliers Wood, 63 new homes have been released at Fortescue Gardens. The development, which is located on the site of a former water depot, offers a studio and one-, two- and three-bedroom apartments. The scheme is located close to Colliers Wood station - providing a direct link into London on the Northern line. Prices at Fortescue Gardens start at £97,500 for a 30 per cent share of a studio (full market value of £325,000).
Clarion is launching 118 new one- and two-bedroom apartments in Southall. The Union Walk scheme forms part of the wider Southall Waterside development - one of London’s largest regeneration projects. Buyers will be part of a vibrant new village with a wide choice of amenities, including a one kilometre stretch of the Grand Union Canal. Guide prices at Union Walk start at £96,250 for a 35 per cent share of a studio (full market value of £275,000) and £126,000 for a 35 per cent share of a one-bedroom apartment (full market value of £360,000).
Clarion is also making 80 one- and two-bedroom apartments available at Lowen Apartments in Havering. This development boasts a new public square and community centre and benefits from having a nursery and primary school situated on its doorstep. Prices at Lowen Apartments start from £94,500 for a 35 per cent share of a one-bedroom apartment (full market value of £270,000).
Through shared ownership, buyers can purchase a share of property, and pay rent on the remaining share. The scheme can dramatically reduce the amount buyers are required to find for a deposit and a report last month found that London renters could save more than £40,000 over two years if they were to opt instead for shared ownership.
Buyers can register interest by calling Clarion Housing’s sales team on 0300 100 0309 or emailing email@example.com.