Battersea, from £175,000 for 25%
Radley House at Prince of Wales Drive comprises twenty two highly desirable one and two bedroom apartments available to buy through Shared Ownership from Clarion Housing. Homes at Windsor Apartments are in a convenient position just 180 metres from one of London's finest riverside parks. Battersea Park provides an oasis of calm in Prime Central London's fastest-developing and most dynamic quarter. In addition, the development benefits from 2.5 acres of new, landscaped, public open space featuring pedestrian access to Battersea Park through its own reclaimed railway arch. The aesthetic design is balanced harmoniously with extensive landscaped communal gardens that introduce an appealing corridor of natural tranquility. Shared Ownership is an excellent way for people to take their first step onto the property ladder. You buy a share of between 25% and 75% of the property's value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a security of tenure that renting cannot offer. Over time, you can buy more of the property until you own 100%. You will need a small deposit at the outset and you will need to raise a mortgage on the rest of the sum required. In line with government priorities, these Shared Ownership homes have been allocated to people who live or work in the local area as a priority.
One-bedroom Apartment: Full Value £700,000: Minimum share 25%: Cost of share £175,000
5% deposit £8,750: Mortgage on share £832: Rent on remainder: £1,203: Total £2,035
These figures are a guideline only, additional costs may be incurred.