With flats very much in the up in London, BRX by Network Homes has been tapping into this to give the people what they want.
According to Rightmove, the majority of property sales in North London over the past year have been flats; with the average price standing at a whopping £559,308.
As a result of this, for many home-hunters, the prospect of buying in London simply isn’t a feasible option; however, with the help of the Shared Ownership scheme, the dream of putting down roots in the capital could be made possible.
Situated in Brixton – one of London’s most eclectic districts – BRX by Network Homes has a number of one-bedroom Shared Ownership apartments still available; perfect for buyers looking for a home that is as dynamic and upbeat as its location.
The Shared Ownership scheme gives buyers the opportunity to purchase a percentage of a home’s value – usually between 25% and 75% – while paying a subsidised rent on the remaining share. Buyers can then choose to purchase additional shares (up to 100%) on their property as and when they can afford to do so.
Lisa Ley, Head of Sales and Marketing at Network Homes comments: “The Shared Ownership Scheme can be hugely beneficial to buyers who are looking to take their first steps onto the property ladder but aren’t in the financial position to buy outright. The opportunity to live in London – one of the most expensive places to live in the UK – is a dream that many people are unable to fulfil. Using the Shared Ownership scheme gives them this chance, and the stylish collection of apartments at BRX are perfect for those looking to do so.”