AFFORDABLE HOMES
MAKE 2025 THE YEAR YOU GET ON THE PROPERTY LADDER WITH NHG HOMES
With rents in the capital set to continue rising in 2025, many people will be looking for a route out of the rental trap. NHG Homes’ shared ownership apartments could be the answer. Shared ownership offers As we settle into a new year, first time buyers in London could make their homeownership dreams a reality sooner than expected with NHG Homes
Heybourne Park
a
a more accessible route on to the property ladder – as a much smaller deposit is
make their house a home.
At Heybourne Park in Colindale, apartments feature contemporary, simple interiors, meaning buyers have the perfect base to add their personal flair, with the freedom to hang artwork, paint walls and add furnishings. Heybourne Park is part of a 15-year regeneration project in Barnet in north London. Residents here can make use of an outdoor gym, library and supermarket as well as an abundance of leafy green space nearby. Apartments include a versatile freestanding breakfast bar, integrated appliances and underfloor heating throughout. One bedroom shared ownership homes at the development start at £88,125 for a 25% share, with 5% minimum deposits starting at £4,406. While shared ownership does not involve physically sharing your home, it does open the door to sharing your space with man’s best friend, as buyers are free to welcome a canine flatmate (or an alternative furry friend). Set within the urban nature oasis of Woodberry Down, NHG Homes’ Gadwall Quarter – part of an award- winning regeneration project – offers a haven of green in the heart of north east London. Dog owners, runners and nature enthusiasts alike can make use of the 15 acres of parkland and 42 acres of open water surrounding the development. Prices at Gadwall Quarter start at £120,000 for a 25% share of a one bedroom home.
required for a mortgage on part of a home compared to when buying on the open market, making it ideal for first time buyers. NHG Homes has developments across the city, from Kidbrooke Square in an up-and-coming part of south London and Heybourne Park in vibrant north London, to The Perfume Factory in well-connected west London. Every development offers high-quality, well-designed homes within growing and welcoming communities, so buyers can choose London without compromising on style or substance. On the NHG Homes website, prospective homeowners can try our price breakdown and comparison tools to better understand long term costs against their own finances. Sleek one bedroom homes at Kidbrooke Square feature open-plan living areas, built-in wardrobes and private outdoor space with prices starting at £91,875 for a 25% share and a minimum deposit of £4,594. Apartments are centered around a new village square, with a cafe and shop planned for future stages. The up-and- coming area has plenty of local cafes, restaurants and bars a stone’s throw away and a farmers’ market on the first Saturday of every month. Against the backdrop of an unstable rental market, shared ownership buyers can enjoy the stability and security of homeownership and embrace the ability to
Kidbrooke Square
NHG Homes is currently offering buyers a £5,000 cashback incentive when they put a deposit down on a one bedroom home at Gadwall Quarter, Kidbrooke Square, Heybourne Park or The Perfume Factory. Buyers can choose how to best make the cash work for them by adding to their deposit, using it to buy more shares of their home or keeping the money to use on furniture or a holiday to celebrate their step on to the property ladder. Diana Alam, Director of Sales and Marketing at NHG Homes, commented, “Purchasing a shared ownership home gives buyers the independence, flexibility and stability of owning their own home. We encourage prospective buyers to make full use of our cash-back incentive and make this the year you choose London by starting your homeownership journey.” For further information visit nhghomes.com/ developments or speak to the sales team on 020 3504 3434
54 First Time Buyer February/March 2025
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