Innovative new homes for an innovative town
16 August 2016
Metropolitan's 511 new homes offer new hope to people with aspirations of home ownership
Metropolitan's new development, much like their popular Six Hills House development in Stevenage, offers an innovative take on providing high quality homes to own for less through Shared Ownership. The development is ideal for those renting in London, Hertfordshire and other outlying areas who aspire to get on the property ladder.
The housing provider, one of the country’s largest, is currently promoting various developements and new homes for sale in London, Nottingham and Hertfordshire, offering a range of one, two and three-bedroom homes built for home buyers who would otherwise be priced out of home ownership by today’s rising house prices.
Times Square is an exciting new development offering a choice of stylish suites, one, two and three-bedroom apartments to own in the unique and popular Welwyn Garden City – a place that realises the vision of its founder Ebenezer Howard by offering the best of both town and country.
Stephen Williams, Metropolitan’s Sales Strategy Manager, explains:
“With Shared Ownership, first-time buyers can buy their first home more affordably, our customers only have to pay a deposit on the share that they buy rather than on the full market value, which keeps the cost of buying down, and their monthly costs are also kept lower than they would be if they were to buy the same home outright or rent it privately.”
Shared Ownership allows you to buy a percentage of the full market value of a property (usually between 25% and 75% of the full market value depending on what you can afford) and you pay a subsidised rent on the remainder. The rental element is index-linked – which means it rises predictably in line with inflation. If you can afford to, you can increase the share that you own to the point where you own the home outright. It’s a way of buying a home without financially over-stretching yourself.
Stephen Williams elaborates:
“Our new homes being developed in London and the South-East will provide much needed affordable options to own where the housing crisis is at its most acute and so many people are priced out. We’re building in both established hot-spots and in up and coming areas, meaning that our home buyers don’t just buy into a good quality, affordable home, they’re also buying into locations that have a lot to offer for a wide range of lifestyles.”
Times Square is within a short walking distance of Welwyn Garden City railway station, which offers access into London King's Cross St. Pancras in little over twenty-five minutes. The centre of Welwyn offers a range of leisure and shopping amenities from household name retailers such as John Lewis and Waitrose to the relaxing atmosphere of gastropub The two Willows. These apartments offer a fantastic opportunity to first-time buyers to buy their first home affordably at a development where locals and those currently renting or living with family in Hertfordshire, London and beyond can buy.
Times Square is a unique building, echoing stylish art-deco sensibilities from 1930’s New York. The building has an iconic atrium area, which provides a comfortable public meeting area with a 24 hour concierge service. The building was renovated over the last year for residential use and conveniently located a mere 10 minute walk from the town centre.
New homes developed for Metropolitan’s home owners come with a level of specification designed to give the new home owner everything they need in order to make the move into home ownership a smooth one, including fitted appliances in the kitchens, fully fitted bathrooms, carpeting, storage space, car parking or bike storage and a NHBC warranty.
To find out more about Metropolitan’s new homes, get in touch with the Sales team on 020 3535 2555 or by email to email@example.com
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