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Owning a home in Clapham needn’t cost the earth!

31 August 2012

CPH-BH5 Street View

A new stylish development will be launching in Clapham Park today. Bringing affordability to a sought-after area, Park Grove has 28 modern apartments available to buy through Metropolitan.

The Park Grove development consists of one, two and three-bedroom apartments which are ideal for professionals and families. The location is fantastic with Clapham Junction, Clapham Common and Clapham Old Town and vibrant Brixton all within easy reach.

The homes are available to buy with the help of Metropolitan’s FIRST STEPS Shared Ownership: making them the ideal option for first time buyers and other purchasers on a moderate income. Priority will go to people who are currently public sector tenants in Lambeth or qualifying armed forces personnel but you don’t have to be a tenant or a key worker to apply to buy at Park Grove.

Fiona Hopkins, Sales Manager for Metropolitan said:

"This is a really good opportunity for people looking to buy their own home in South London. The advantage is that they will need a smaller mortgage and a lower deposit than if they were buying the property outright. They will then have the option to buy more of the property in the future, which could lead them to evenutally owning their home outright."

Prices start at £215,000 for one-bedroom apartments, £300,000 for two-bedroom apartments and £365,000 for three-bedroom apartments with minimum shares of 30%. A subsidised capped rent can then be paid on the remaining share, enabling buyers to get on the property ladder without overstretching themselves financially.

The total household annual income threshold is now up to £64,300 for people looking to buy or rent one and two bedroom homes and up to £77,200 for family sized homes, making home ownership a possible option for many.

Anyone interested in the Park Grove development should register with FIRST STEPS at www.firststepslondon.org or call 0845 230 8099.  To arrange a viewing call our Sales Team on 020 3535 2555 or email mhosales@metropolitan.org.uk.

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