LOCATION
FACT FILE
Average property price in Barnet (February 2024) – £583,647 Property breakdown* Detached − £1,381,457 Semi-detached − £823,568 Terraced − £615,975 Flat − £421,380 *According to the Land Registry House Price Index
HOMES ON THE MARKET...
HENDON Square Roots Hendon
Now there is an opportunity for rst time buyers to buy a home at an affordable price in the highly desirable borough of Barnet in north London – close to a stunning nature reserve. Square Roots Hendon is a collection of
studio, one, two and three bedroom high-quality apartments, near the picturesque Welsh Harp reservoir with its woodland walks, wildlife and watersports. The apartments are available through shared ownership. Starting prices are from £95,000 for a 25% minimum share of a stylish one bedroom apartment.
There are fast transport links from Hendon and Colindale underground stations and national rail links to King’s Cross St Pancras in 19 minutes. All the apartments have an excellent speci cation inside, with open-plan living areas and private balconies or terraces. Residents can also access attractive podium gardens, a play area, secure off-street parking and cycle storage. The area has Ofsted-rated Outstanding primary schools at The Hyde School and St Robert Southwell Catholic School, plus highly rated secondary schools. The Welsh
Harp nature reserve covers 340 acres and features a sailing and canoeing club, with paddle boarding and kayaking available. Hampstead Heath is a 15-minute drive, with its open-air bathing ponds and wild acres of woodlands and heath, and the great restaurants and bars in Hampstead village. The monthly outgoings on an apartment where the buyer is purchasing a 25% share of a one bedroom apartment, with the full value of £380,000, are: Monthly mortgage £664 Monthly rent £859 Monthly service charge £107
HELP IS AT HAND On the rst Thursday of the month, 5:30- 7:30pm, Square Roots Hendon hosts an information evening to help you navigate the property ladder, from understanding mortgage options to exploring
FAMOUS RESIDENTS
• Singer Zayn Malik • Singer Emma Bunton • Presenter Johnny Vaughan • Footballer Dele Alli
shared ownership, plus a chance to view the new show home.
include leafy Barnet and Finchley as well as beautiful Hampstead with the historic Kenwood House, gardens and expansive heath – complete with glorious views out over the capital. Lovely Mill Hill, with a great range of quality cafes, eateries and a lovely park, makes for a perfect weekend day or evening out. Meanwhile, days out in London’s centre, to appreciate the city’s many and varied assets, are made simple with a short train ride home and frequent services throughout the day.
Square Roots is the independent housing provider established by award- winning developer London Square, which now has high-quality affordable homes under way in the London Boroughs of Bexley, Lewisham, a second site in Kingston, and Barnet. This follows on from the success of Square Roots' inaugural site at Kingston. That development won two major awards, and has received outstanding feedback through customer surveys as well as support from the Mayor of London.
To visit the new show home and nd out more, contact Square Roots Hendon, call 0333 666 4242 or visit squareroots.co.uk
*Based on a 25% share with a full market value of £380,000
CASE STUDY
Looking to break away from escalating rental costs and step on the property ladder without compromising on space or location, rst time buyer Miguel Tercero purchased a one bedroom apartment at Square Roots’ rst development at Kingston. Miguel, 35, moved to London in 2013 and is a Senior Project Manager for a telecommunications company in Aldgate in the City. For the past four years, he rented a studio apartment in Surbiton, paying £1,200 per month in rent. Miguel, originally from Spain, decided to research his buying options when the rent was about to go up. Miguel was delighted to nd a stunning rst- oor one bedroom apartment with a balcony at Kennet House in Square Roots Kingston, which was within his budget and in the area where he wanted to live. He explains, “With my rent due to increase, I felt it was time to buy my own home and get on the property ladder. I really wanted to remain living in Kingston and was delighted to discover that by using the shared ownership scheme, I could afford
a one bedroom apartment. I paid a £16,000 deposit for a 25% share of a property with a full market value of £430,000, paying a total of £1,400 per month on mortgage, rental and service charges. I also bene t from a parking space, with an electric car charging point for my Renault Zoe. “I was really impressed with the spacious design of the apartment and the overall speci cation and nish. The rooms are all generously sized and there is an external balcony, great for dining outdoors when the sun is shining. There is built-in storage and integrated appliances, including energy- ef cient integrated Bosch appliances in the kitchen, and tted USB sockets in every room.” Miguel adds, “The sales team at Square Roots has been really helpful throughout my buying journey, from when I rst saw the apartment through to moving into my new home.”
First Time Buyer June/July 2024 71
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