Snap Up These London Homes With Just £10,000 or Less
Assembling a down payment is frequently the most difficult hurdle for individuals. aspiring to home ownership .
But shared ownership provides a rescue line, as a deposit is needed solely for the shares you purchase, not for the entire market value, which means you require much less saved up .
First-time buyers in the capital now currently pay up an average of £108,848 – a staggering amount for most people earning an average salary of £43,628.
In these London projects, though, down payments begin at only £3,406, which makes climbing the property ladder seem much more within reach.
Barking Riverside, Barking
Minimum deposit: £3,406
Eager to begin your home-buying adventure?
You can obtain entirely free mortgage advice through London & Country (L&C) Mortgages, which is partnered with . Clients enjoy the following benefits:
– Acclaimed service from the top UK mortgage broker
– Specialists available every day of the week
- Access to thousands of mortgage offers from throughout the marketplace
In contrast to numerous mortgage brokers, L&C will not impose an advisory fee upon you.
Discover how much you might be eligible to borrow online.
The mortgage services offered by London & County Mortgages (L&C) are authorized and regulated by the Financial Conduct Authority (with registration number: 143002). It’s important to note that the FCA typically doesn’t oversee most Buy to Let mortgages. Keep in mind that failure to maintain timely payments could result in the repossession of your home or property.
Starting at £68,125 for 25% of £272,500 .
Various one- and two-bedroom apartments featuring individual outdoor areas, located in a newly developed area beside the Thames that will ultimately consist of more than 10,000 residences.
The amenities feature a fitness center, shared workspace, and concierge services. Additionally, there are five nearby schools, with plans for two more in the future.
People travel through the Suffragette line for their commutes or opt for the river bus to reach central London.
To learn more, check out L&Q Homes.
West Acre Square, Southall
Minimum deposit: £3,937
Starting from £78,750 for a 25% share of £315,000.
These residences are located in the Green Quarter, which stands as one of the nation's most biologically diverse projects.
The website features half of its area as green space, and it includes amenities such as a café, ceramics studio, playground, padel club, and more within the community hub called Parkside Yards.
The Southall station, serving the Elizabeth line, is merely an 8-to-10 minute stroll distant.
To learn more, check out Southern Housing New Homes.
Royal Albert Wharf, located within the Royal Docks
Minimum deposit: £4,188
Starting at £83,750 for a 25% share of £335,000.
The last available one and two-bedroom apartments in a waterside development just steps away from Gallions Reach DLR station.
Everyone gets a balcony, wooden floors, and stone countertops for the kitchen. Plus, you'll have access to a concierge, shared lounge area, and workspace facilities.
Nearby are cafés and parks, and an on-site monthly market featuring arts, crafts, and local cuisine is held regularly.
To learn more, check out NHG Homes.
The One Hundred, Alperton
Minimum deposit: £4,250
Starting from £85,000 for a 25% share of £340,000.
You don't necessarily have to spend top dollar to reside near the waterfront, as shown by these studio, one, two, and three-bedroom apartments located next to a tranquil section of the Grand Union Canal.
Each features either a balcony or terrace along with a fully equipped kitchen complete with an induction stove top. Additionally, there is a shared rooftop terrace for all residents to enjoy.
Both Alperton and Stonebridge Park stations can be reached on foot.
To learn more, check out Guinness Homes.
Beaufort Park, Colindale
Minimum deposit: £4,937
Starting from £98,750 for 25% of £395,000.
Dace House, which consists of 46 one- and two-bedroom apartments, is part of a recently completed large-scale redevelopment project located just a short stroll from Colindale’s Northern line station.
The location boasts a beautifully maintained park featuring a central plaza, playgrounds, European-inspired patios, and well-groomed gardens, along with dining options, pubs, and childcare facilities just steps away.
To learn more, check out Places For People.
The Perfume Factory, Acton
Minimum deposit: £5,125
Starting from £102,500 for a 25% share of £410,000.
There's an opportunity to receive up to £5,000 cashback when you reserve one of the final remaining one-bedroom apartments at this location, provided that contracts are signed within 28 days.
Westfield London, the city's biggest shopping center located in White City, is just a couple of stations away from North Acton station.
To learn more, please visit: NHG Homes
Parkside Triangle
Minimum deposit: £8,125
Waddon CR0
Starting from £81,250 for a 25% share of £325,000
Around 70 residences — including one- and two-bedroom apartments as well as three-bedroom maisonettes and townhouses featuring balconies, patios, or gardens — have now been introduced.
Caddon is a lesser-known suburb brimming with amenities like parks, a recreational center, boutique coffee houses, highly rated schools according to Ofsted, and quick train services to Victoria and London Bridge.
To learn more, check out: Hyde New Homes
Nexus
Minimum deposit: £8,850
Enfield EN3
Starting from £88,500 for 30% of £295,000
If you desire to reside in a location that offers easy access alongside natural surroundings, choose among these studios and one-to-two-bedroom apartments.
The Ponders End station, offering routes to Liverpool Street, is just a short two-minute stroll away. Behind this location lies the National Cycle Route 1, and nearby, you can relax post-work at a waterside pub along the Lee Navigation river, or enjoy the view from your very own private balcony.
To learn more, check out Newlon Living.
L&Q at Kidbrooke Village, Greenwich
Minimum deposit: £9,688
Starting from £96,875 for a 25% stake in a property valued at £387,500.
First, second, and third-floor apartments within a pet-loving neighborhood where 4,800 residences are under construction.
These include big windows, completely incorporated kitchens, and balconies.
Discounted London Living Rent properties – designed for tenants to save money toward a deposit with the ultimate aim of purchasing through shared ownership – are now accessible.
To learn more, check out L&Q Homes.
West Ham Village, West Ham
Minimum deposit: £9,875
Starting from £98,750 for a 25% share of £395,000.
The initial residences in the first stage of Cherry Point, which is included in the larger Twelve Trees project, will be available for occupancy this coming summer.
It's just one station away on the Jubilee line from Stratford and is also accessible via the DLR and Fenchurch Street routes.
To learn more, check out Peabody New Homes.
Interested in shared ownership?
Head to the London Home Show To gain comprehensive knowledge about shared ownership and investigate additional housing purchase alternatives.
You'll have the opportunity to delve into the newest trends and converse with real estate specialists, lending professionals, and lawyers. Here, you can obtain personalized financial guidance as well as legal counsel and ensure all your queries are addressed.
The event is held at the Queen Elizabeth II Centre, located in Westminster with the postcode SW1P 3EE, on Saturday, April 26 from 10 AM to 5 PM. Sign up in advance for a complimentary entry right here. .
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Reach out via email LifestyleTeam@.co.uk .
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