First Time Buyer June/July 2024

OVERGROUND

THE MILDMAY LINE: STRATFORD TO RICHMOND/CLAPHAM JUNCTION

CASE STUDY

Hono , an IT Consultant based in London, recently purchased a one bedroom apartment at Acer Apartments with Legal & General Affordable Homes.

The Mildmay Line, which runs through Dalston, honours the small but crucial NHS hospital in Shoreditch, most notable for its pivotal role in the HIV/AIDS crisis in the 1980s. Mildmay has a long charitable history. It opened in the 1860s as an informal help centre and when cholera broke out

in 1866, two Mildmay deaconesses volunteered to assist in the East End’s poorest slums. In 1892, the first purpose-built Mildmay Hospital opened in Shoreditch. In 1982, Mildmay was closed owing to its small size and a lack of funding but, after a six-year battle, it reopened as Europe’s first hospital for people with HIV- and AIDS-related illnesses. Mildmay was visited by Princess Diana numerous times and the press coverage of these visits is credited with helping break the stigma at the height of the HIV/AIDS crisis. It is still an internationally renowned centre for the rehabilitation of and care for patients with complex HIV and is a valued and respected place for London’s LGBTQ+ community. The name embraces the wider role of the NHS, and particularly its smaller healthcare centres, in caring for all Londoners.

Hono purchased his new home through the shared ownership scheme and was pleasantly surprised by the costs. Having lived in a private tenancy prior to his purchase, he was surprised to nd that buying a shared ownership home cost him the same each month as renting had, with the added benets of property ownership. Hono says, “I used to rent in West Ealing and the funniest thing is the amount I paid for rent and the amount it costs to get a property with shared ownership is actually the same – I’m now paying towards a property that I love, live in and I actually own.” Hono was attracted to the Acer Apartments initially primarily for their location; he continues, “Shared ownership has denitely helped me to buy, and indeed in the west London area – without it, it’s pretty much unaffordable to live here. With shared ownership, it just makes it happen.” As for the future, Hono would love to buy a dog one day – he recalls the second question he asked was if the ats were pet friendly! But, for now, he is just settling in and enjoying buying new furniture. He concludes, “It’s a new leap, but it’s a good one I believe.”

WHITE CITY – THE MILDMAY LINE The Acer Apartments

This impressive development, set within eight acres of green spaces, offers studio homes and one bedroom apartments with 24-hour security and concierge. The homes feature the latest energy-saving measures to keep bills low. The

Acer Apartments are located in a vibrant community close to a vast array of entertainment, leisure and retail options. They are conveniently located a 15-minute walk from Shepherd’s Bush station on the Mildmay Line.

landgah.com/shared-ownership/properties/the-acer-apartments-at-white-city 0808 256 1473

*Based on a 25% share of the full market value of £505,000

THE SUFFRAGETTE LINE: GOSPEL OAK TO BARKING RIVERSIDE

BARKING – THE SUFFRAGETTE LINE Barking Riverside L&Q is currently marketing one and two bedroom shared ownership apartments in this community-spirited neighbourhood. A perfect place for families, the development is

The Suffragette Line celebrates the working-class movement in the East End that fought for votes for woman and paved the way for women’s rights, paying particular homage to the East London Federation of Suffragettes who campaigned for the rights of working-class women.They held public marches and meetings, produced a weekly newspaper and formed a small People’s Army to defend themselves from police violence.The line runs to Barking, home of the longest surviving Suffragette Annie Huggett, who died at 103. A key member of the movement, she was a pioneer who fought for votes when she was just a teenager. She even held tea for the Pankhursts, a family of leading suffragettes, at her home.Women in the area continue to campaign for equal rights today, from the Women Activists of East London to The Fawcett Society based in Bethnal Green, which campaigns for equal rights at work – such as closing the gender pay gap – as well as at home and in public life.

home to an array of outdoor areas and play spaces, including a recently opened Wildlife and Wellbeing Trail. There are also ve schools already open on-site, including Riverside School which is Ofsted-rated Outstanding. For commuters, Barking Riverside has both a London Overground station and an Uber Boat by Thames Clippers Pier.

lqhomes.com/barkingriverside 020 8617 1747

*Based on a 25% share of the full market value of £270,000 If you are planning to buy in London, now is the time! Take a trip on the Overground, choose your new neighbourhood and be a part of our capital’s history.

26 First Time Buyer June/July 2024

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