With deposits starting from just £14,500*, Notting Hill Genesis is offering a helping hand to first time buyers on the hunt for an affordable move into a new home. Located in one of east London's most vibrant locations, Godfrey Place in Shoreditch has two stylish apartments available to buy with Shared Ownership. This valuable home buying solution enables purchasers to secure a new home using a deposit that is more than £33,000[1] less than the average required to live in one of London's most sought-after hotspots. 

Shared Ownership offers buyers at Godfrey Place the chance 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 this popular scheme, means purchasers need only put down a deposit on the share they purchase and not the full market value of the property. This allows prospective buyers to become a home owner with a lower level of savings than if you were to buy the same home outright. Purchasers can choose to buy additional shares on their property as and when they can afford to, staircasing right up to 100%.

Occupying a prime setting within the heart of Shoreditch, with Liverpool Street, Old Street and Shoreditch High Street stations within walking distance, buyers here would be hard-pressed to find a better-connected part of London to call home. Whilst contributing a rich cultural heritage with some of London's oldest and most well-known destinations, including Brick Lane, Spitalfields and Columbia Road Flower Markets only moments away from Godfrey Place, the area has benefitted from a surge of regeneration and popularity that has lovingly embedded a modern, trendy and edgy vibe within this neighbourhood.

James Munson, Head of Marketing at Notting Hill Genesis comments: “First time buyers wanting to buy a home in London are often priced out of central areas like Shoreditch – not least because areas like this have experienced a staggering level of popularity and growth over the last decade. This is where Shared Ownership creates the perfect opportunity to get on the ladder for less, in locations that would otherwise be out of reach. Godfrey Place is a striking development that delivers an array of benefits – stylish, spacious and contemporary homes with an outstanding specification, outside space and excellent travel connections, in a local area bursting with a variety of eclectic venues, quirky boutiques and bustling markets.”

Both remaining two-bedroom apartments feature a high-quality and contemporary specification, alongside well designed flexible open plan layouts and excellent storage space. Both homes feature their own private outdoor balcony/terrace – perfect for enjoying alfresco dining with views across London's city skyline. Fully fitted kitchens are sleek in design and come with a range of integrated Bosch appliances, leading through to spacious living and dining areas. Other features include underfloor heating and secure onsite cycle storage facilities. Residents also have access to landscaped communal gardens.

Known for its great ambience Shoreditch still has an industrial aesthetic, even though the weavers, tanners and printers have long since left, adding to its cool, bohemian vibe. Commuters are well placed to enjoy some of the area's best travel connections. Hoxton or Shoreditch High Street Overground stations can be reached on foot in under 10 minutes, or access the tube network via Old Street, Shoreditch High Street or Hoxton. Multiple bus routes run from outside the development directly to Tower Bridge, London Bridge, Waterloo, and Battersea. For those who prefer a two-wheel commute, cyclists can get to London Bridge in approximately fifteen minutes.

Prices for the remaining two-bedroom apartments at Godfrey Place start from £145,000 for a 25% share of the full market value of £580,000. For further information or to book your virtual viewing before making your appointment to view in person visit www.nhgsales.com or call 0203 815 2222

-ENDS-

For further media information, please contact Emma Heaney at The Oracle Group on: 020 8394 2821 or email emma@oraclepr.co.uk

NOTES TO EDITORS

About Notting Hill Genesis (NHG)

Notting Hill Genesis is one of the largest housing associations in the country, with around 64,000 homes across London and the south-east, serving more than 170,000 residents.

It was formed in April 2018 when Notting Hill Housing amalgamated with Genesis Housing Association. It is a social enterprise committed to creating thriving communities and providing homes for lower-income households.

NHG owns and manages homes across a range of tenures including social, affordable and private rent, leasehold, care and support, temporary housing and Shared Ownership, of which we are the largest provider in the country. For more information, visit www.nhggroup.org.uk

[1] https://www.credit-connect.co.uk/consumer-news/first-time-buyer-deposits-increase-as-housing-market-emerges-from-lockdown/

*Deposit of £14,500 is based on purchasing a 25% share in two-bedroom apartment with a FMV of £580,000