If you are one of many young Londoners fed up of renting while struggling to save for a deposit, Genesishomes has the ideal solution to help you get onto the property ladder.
At its Factory Quarter development in Turnham Green, new apartments are available through the ‘Rent To HomeBuy’ initiative so first time buyers can live there first at a discounted rent whilst saving for a deposit to purchase a share in the property!
Available to those who live or work in Hammersmith and Fulham, the Rent to HomeBuy scheme offers the perfect option for buyers to try before they buy. Rent is starts at £1,040 per month for a two bedroom property, with a saving of £795 allowing tenants to save for a deposit, compared to an average of £1,835* per month in a private rented apartment in the same area. Once the property has been tried and tested and you have got your deposit, you can then apply to buy under the shared ownership scheme.
The collection of one- and two-bedroom apartments at Factory Quarter are set around landscaped grounds which include a children’s play area. Kitchens are equipped with integrated stainless steel electric oven, hob, extractor hood, fridge / freezer, washer / dryer and dishwasher. Selected apartments have an ensuite shower room while all bathrooms feature over-bath showers with glazed glass bath screen, ceramic white tiling and an electric heated chrome towel rail.
All apartments feature contemporary vinyl flooring to kitchen and bathroom areas, and laminate flooring to bedrooms, living areas and halls. There are video door entry systems, smoke alarm installation systems and BT telephone points in each master bedroom and living room. Selected apartments also come with a balcony.
Factory Quarter is in a fantastic location for residents to benefit from green, open space and there are a variety of local traders and family businesses which have been established for several generations in Chiswick and Turnham Green. The local area provides numerous excellent bars, cafes and restaurants while fitness enthusiasts can take advantage of one of the eight nearby health and fitness clubs.
The new Westfield shopping centre is a short journey away and includes a wide selection of shops from Prada, Jimmy Choo and Mulberry to Marks and Spencer and House of Fraser, providing you with everything you need for your new apartment.
Located on Larden Road, the development is less than a mile from Turnham Green Tube station with services to Richmond, Westminster and Heathrow in less than forty minutes. The potential Crossrail line at Acton station, a short walk away, will provide fast and frequent services to Maidenhead in the east and Shenfield in the west.
To be eligible for Rent to HomeBuy your total household income must be less than £60,000 per annum, you can’t own a home already or be able to buy outright on the open market. You must be able to show you can afford to pay the set rent as well as other financial commitments on a monthly basis, and that you will be able to do so in the event that you take a mortgage out in the future.
If you wish to proceed with a rent to homebuy property, you will need to pay a fee of £250.00, plus an administration fee of £125.00 per person, to be named on the tenancy agreement
Prices start from as little as £1,040 for a two bedroom apartment at Factory Quarter. For more information visit: genesishomes.org.uk
*based on information from property website nestoria.co.uk.
Repost from Easier Property