AFFORDABLE HOMES
BEGIN YOUR BUYING JOURNEY WITH HOME REACH AT DOVER COURT , SOUTHALL Navigating the housing market as a first time buyer can feel daunting at the best of times – and the constant changes in interest rates certainly haven’t helped calm the nerves of many house hunters, particularly in the capital where prices are often much higher
Hoping to reassure buyers is Home Reach, a shared ownership provider with a wide range of part-buy, part-rent developments available across the whole of the country – including Dover Court, located in well-connected Southall. An exclusive development of one and two bedroom shared ownership apartments offering spaces fit for modern living, Dover Court is ideal for prospective purchasers in search of the ultimate city base. Featuring contemporary, open-plan kitchens complete with integrated Hotpoint appliances and quartz worktops – ideal for hosting friends and family – and spacious bathrooms complete with Hansgrohe showers and underfloor heating, the apartments also offer access to a balcony or terrace, as well as a residents’ landscaped garden. Dover Court’s excellent west London location offers a regular service into the capital – ideal for commuters and weekend explorers alike. Residents can easily access central London via the Elizabeth Line at Southall station, an 11-minute walk from Dover Court, which reaches Paddington in just 18 minutes – ideal for a quick trip into town, and beyond. For those looking to stay closer to home, Southall’s buzzing neighbourhood has a fantastic range of amenities close by, with residents spoilt for choice. From a range of Indian and South Asian restaurants, supermarkets and stalls, to jewellery stores and boutique shops, Southall’s high street is within easy walking distance. With an impressive array of green spaces including Osterley Park, walkable in 30 minutes, buyers at Dover Court can enjoy space to relax and unwind away from the buzz of the city. There are also two conveniently located gyms,The Gym Group and Featherstone Sports Centre, along with the nearby West Middlesex Golf Club – ideally situated to elevate the lifestyle of Dover Court residents.
full market value of £300,000 with shares beginning from 25%, a mortgage of just £71,250 is needed. With 5% deposits starting from £3,750, buyers require a much smaller deposit than when buying on the open market. Shared owners pay a mortgage on the share they own, and pay rent to a housing provider, such as Home Reach, on the portion they do not own. Prices for a one bedroom apartment at Dover Court start from £75,000 for a 25% share (full market value of £300,000), and deposits from £3,750.
As one of the largest homeownership programmes in the UK, Home Reach aims to make housing across the UK more affordable and accessible for aspiring homeowners.This Government-backed shared ownership scheme is available to eligible first time buyers. With shares starting from 25% and minimum deposits of 5%, Home Reach is giving first time buyers the opportunity to step on to the property ladder for a fraction of the price compared to the open market. As a guide of how this would work with Home Reach’s Dover Court development, it means that for a property which has a
For more information, visit homereach.org.uk
54 First Time Buyer April/May 2024
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