This is a sponsored article on behalf of Network Homes.
Looking for a little shortcut onto the London property ladder?
Shared Ownership could be exactly what you’re looking for and, if so, you need to know about Faber Green.
Located in the leafy Ealing suburb of Northolt, Faber Green is a brand new neighbourhood that boasts easy access to green open spaces — just look at how verdant the aerial shot above is — as well as great transport links to central London.
Faber Green — which is launching in three phases, through to spring 2023 — will offer a variety of homes, from one-bedroom apartments to four-bedroom houses. Yep, you read that right — actual houses in London that, thanks to Shared Ownership, could be more affordable than you might think.
Not sure how it works? Here’s a quick run-down. Shared Ownership is a government-backed scheme that allows you to buy a share of a property and pay subsidised rent on the rest (with Network Homes, this is capped at 2.75%. In addition, a service charge is payable per to cover any costs associated with maintaining and servicing communal areas or items).
Because your mortgage and deposit are based solely on the share you purchase, rather than the property’s full market value, both your upfront and monthly costs are typically lower than if you’d bought on the open market.
You can even ‘staircase’ your way to full ownership over time as your finances improve.
At Faber Green, properties start at £81,250 for a 25% minimum share. Whichever property you go for, you can expect bright, modern interiors, high-quality fixtures and fully integrated Zanussi appliances.
Every home is pet-friendly and comes with its own private oasis, in the form of a balcony, patio or private garden. But that’s not all: there are also generous communal grounds, part of Network Homes’ ambition to build a proper community, not just a place to live.
You’re also spoilt for choice when it comes to green space in the surrounding area. There’s Islip Manor Meadows, a near 60-acre nature reserve teeming with unusual plant species that’s great for a weekend walk.
Then there’s Northala Fields, one of London’s most delightfully unusual public parks, with its eye-catching manmade mounds (fun fact: these were created using the rubble of the old Wembley stadium!). Climb to the top of the highest one for panoramic views of central London, then go relax at the fishing lakes or take the kids to let off steam at its rather impressive play area.
When you do fancy venturing further afield, both Northolt tube station and Northolt Park mainline station are just a short walk away from Faber Green. The tube gets you to Oxford Circus on the central line in under 30 minutes, while the train offers a 6-minute journey to Wembley Stadium (great for sports and music fans!)
All sounding quite enticing? The first phase of Faber Green has just launched so, if you act fast, you could snap up your own little slice of it.
Faber Green by Network Homes. Prices start at £81,250 for a 25% share of a one-bedroom apartment (full market value: £325,000). Prices correct at the time of distribution, August 2022. Register your interest today.