Families Can Flourish In West London With Shared Ownership
The London Borough of Brent has seen property prices rise by 45 per cent in the last five years. For first-time buyers, second-steppers and families feeling priced out of one of the most diverse boroughs in London, leading developer Genesis has an exclusive collection of two and three-bedroom Shared Ownership apartments at Jubilee Place in Queens Park, W10. Located in the heart of this inner West London neighbourhood, the new apartments offer the space and flexibility to suit a wide range of buyers looking for a home that will grow with their lifestyles.
Shared Ownership provides an affordable way to get onto the property ladder in desirable areas such as Queens Park. It does this by enabling the buyer to purchase a smaller share of the property value, usually between 25% and 75%, paying a subsidised rent on the remaining value. Residents can then increase their share at any time, all the way up to 100% and outright ownership. Prices for a two bedroom apartment at Jubilee Place start from £152,500 for a 25% share of £610,000.
Sarah Butler, Commercial Director at Genesis, comments: “Jubilee Place provides an exciting opportunity for young professionals and families to purchase an affordable home in a popular up-and-coming residential area. The apartments at Jubilee Place are perfect for first time buyers who are at a stage of settling down and for families who want to live in London and have access to a great range of local schools and amenities.”
The apartments are finished to a high specification and offer fully-fitted kitchens with a range of integrated Zanussi appliances and spacious open-plan living spaces. There is also a limited amount of on-site car parking at the development, a rarity for central London and perfect for those buyers with busy lifestyles. This is available at an additional cost.
Residents can take advantage of an eclectic mix of shops, restaurants and bars on Chamberlayne Road and Little Venice, the ideal location for some seasonal cheer. Knowing that a home is for life and not just for Christmas, six minutes’ walk away from Jubilee Place and providing a welcome green retreat, Queens Park has become a well-loved popular city space throughout the year.
Ideal for commuters, fast and frequent transport services into the heart of the capital are ten minutes’ walk from Queens Park and Westbourne Park underground stations. Residents will find direct journeys to Leicester Square and Waterloo in just 30 minutes. Kensal Rise overground station is also just a 14-minute walk from Jubilee Place, providing connections to Richmond and Clapham.