According to The Building Societies Association’s latest ‘First-Time Buyers’ report, 2024 is roughly the most expensive time to be a first-time buyer in the past 70 years.1 Fortunately, SO Resi is offering an accessible route to homeownership, offering Shared Ownership at its newly launched SO Resi Wembley Park development on Brook Avenue, Wembley HA9.
Data from Shelter reveals that nearly half of private renters have no savings.2 Shared Ownership allows buyers the opportunity to purchase a percentage share in a property, with a smaller mortgage compared to buying outright, and a lower deposit. In the case of SO Resi Wembley Park, the housebuilder is offering buyers the opportunity to purchase through Shared Ownership with deposits starting from £9,750 for a 25% share of a one-bedroom apartment.
Properties range from one, two and three-bedroom apartments that come with private balconies for each home, a residents’ roof terrace and cycle storage.
Kevin Sims, Director of SO Resi, commented: “Our Wembley Park development offers buyers a pathway to owning a home in the heart of north-west London’s latest cultural hotspot, in two landmark new buildings. At SO Resi, we believe that everyone deserves the opportunity to own a piece of London, and Shared Ownership aims to make this a reality.”
With numerous cultural and leisure options like Wembley Stadium, the OVO Area, Boxpark Wembley, Wembley Park retail centre and the London Designer Outlet on its doorstep, homes at Wembley Park offer residents vibrant and diverse living. The development is just a stone’s throw away from Wembley Park Underground Station – giving interested buyers the chance to live just a 12-minute connection away from central London.
Currently available at SO Resi Wembley Park is a collection of one, two and three-bedroom apartments, available from £97,500 for a 25% share.
