Buying a two bedroom apartment with London Help to Buy at The Gateway, Chiswick, could save you over £500 a month, compared to renting a similar size apartment in the W4 area.
New figures reveal the average price of renting a two bedroom home in the West London postcode is £2072 pcm, compared to monthly repayments of just £1550 – including both mortgage repayments and service charge – when buying a two bedroom home worth £575,000 through London Help to Buy at the L&Q development.
Additionally, those currently letting a one bedroom home could save almost £200 per month by buying, with just a 5% deposit required when purchasing through the scheme – which offers buyers the opportunity to borrow up to 40% of the purchase price from the Government, resulting in a lower mortgage amount.
Cathy Lloyd, Sales and Customer Services Director for L&Q’s North Region, comments; “Raising a 10% deposit has always been an issue for those looking to purchase their first home, especially here in the capital, where the cost of renting is so high. To be able to own your own home in Chiswick and save up to £500 per month in outgoings at the same time is a great opportunity for those wanting to stay in the same area in which they rent.”
A new development of 95 homes on Chiswick High Road, The Gateway offers a selection of one and two bedroom apartments to buy in the bustling West London neighbourhood, ideally located for the popular high street and transport into central London.
Each with a private balcony, homes at The Gateway centre around a podium landscaped communal garden, promoting community living, with full-length windows allowing plenty of natural light into the apartments.
Inside, the apartments feature bright open-plan living areas with integrated appliances, while pristine bathrooms have smart white sanitaryware by Roca and porcelain floor and wall tiles. Underfoot, floor finishes include Oak Amtico to living areas and entrance halls, with luxurious carpets in soothing neutral tones in the bedrooms.
The Gateway is ideally located for Kew Bridge Station, with regular direct trains running into Waterloo taking less than 30 mins, while Gunnersbury Station is just a nine minute walk from the development, connected to both the London Overground and District Line. Stamford Brook Station, on the 24-hour Piccadilly Line, is also a 10-minute bus ride away, granting locals quick, direct access into King’s Cross and Piccadilly Circus.
The majority of homes at The Gateway come with an underground parking space, with the development offering easy access to the M4, which connects to Heathrow Airport in just under 20 minutes and Central London in less than 40 minutes.
The first launch of homes includes one bedroom apartments, with prices from £460,000, and two bedroom apartments, with prices starting from £575,000. London Help to buy is available on all homes under £600,000.
To find out more, call 0208 557 2034 or visit thegatewayw4.london