First time buyer Hannah (30) recently purchased her first property thanks to Notting Hill Genesis’ Shared Ownership scheme. Hannah, who was previously renting in Finsbury Park, chose to purchase a share of a two-bedroom apartment at their Traders’ Quarter development at Royal Wharf.
Hannah, an Influencer Marketing Manager, was searching for a home that was easily commutable to work and had plenty of amenities nearby. “Traders’ Quarter was the first property that I had seen online and the only one that I liked enough to visit in person” explains Hannah. “It stood out to me because it is conveniently located with plenty of local shops and the DLR within walking distance.”
Ideal for a first-time buyer, Hannah’s stylish new apartment features engineered oak wood flooring and large windows guaranteeing plenty of natural light. The spacious open plan kitchen and living area is perfect for entertaining friends and family which Hannah has been looking forward to since putting down her deposit.
“It’s so nice to finally have my own space, I was living with three other people in my rented home so I didn’t really have a space to call my own. The kitchen and living area in my flat are perfect for having my friends over. I have really enjoyed personalising the space, I just bought a new sofa and dining room table and can’t wait to put some photos on the walls” explains Hannah.
The two bedrooms are well-sized and feature fitted wardrobes, adding to the plentiful storage in the property. The master bedroom also includes an en-suite shower room and there is a further main bathroom for guests. Externally there is a pocket park which Hannah is looking forward to using in the summer months and meeting some more of her new neighbours.
“This development has a really nice community feel, I was worried about going solo however I really don’t feel alone here. There’s a Facebook group for the development and people are always updating it with upcoming events. At Halloween some of the families here came trick or treating which was really nice. My friend also lives at the development, it’s great to be living in an area where so many people have faced the same struggles of home ownership as me.” continues Hannah.
Locally there is plenty to see and do, Royal Docks Adventure offers the opportunity to take up Dragon Boat Racing or give rowing a go, and across the river is London’s flagship entertainment venue the O2 Arena. “I have really enjoyed exploring the local area and can’t wait to try out some of the water activities and use the Thames Clipper service. Overall the development is great for me, I feel really safe here and I love having everything I need on my doorstep” concludes Hannah.
Shared Ownership offers aspiring buyers the opportunity to buy a share of a home’s value, between 25% and 75%, while paying a subsidised rent on the remaining share. The lower deposit level required with the Shared Ownership scheme, means buyers need only put down a deposit on the share they purchase and not the full market value of the property. Shared Ownership also means you can become a home owner with a lower level of savings than if you were to buy the same home outright. Buyers can choose to purchase additional shares on their property as and when they can afford to, right up to 100%.
Prices for a one-bedroom Shared Ownership apartment at Trader’s Quarter start from £94,375 based on a 25% share of the full market value of £377,500. For more information or to book your viewing please contact Notting Hill Genesis on 0344 809 2016 or visit www.nhgsales.com