17 November 2017

Octavia offers shared ownership houses to Londoners

Gladstone Village

A new scheme offering family-sized houses to buy in London under shared ownership has been launched by Octavia.

The scheme, which is a first for Octavia in that it is open to anyone currently living in a London borough, offers a selection of three or four bedroom houses at Octavia Living’s Gladstone Village*, a new development in a quiet, green space location, overlooking parklands near Dollis Hill, London NW2.

The scheme is aimed at helping working families across London, who are priced out of the London housing market but wish to live close to where they work and to be part of a community.  It represents a new departure in shared ownership for Octavia and recognises the growing need for affordable housing for people other than first time buyers.

A 50% share purchase could secure a three bedroom house with garden and off-street parking for a home valued at £850,000, making the houses some of the most affordable new family homes in London.

Gladstone Village overlooks the historic Victorian Cricklewood Pumping Station and is next to the 94-acre Gladstone Park. All the houses are spacious with two bathrooms and a cloakroom. They have stylish kitchens with integrated quality appliances and open plan living spaces. All the homes look out over green space and many of them have balconies on the upper floor.

The homes are well designed for family living and will suit Londoners seeking to ‘up-size’ their home to accommodate a growing family. With the option of staircasing available, buyers can benefit from increasing their investment in their long-term home when the time is right for them to do so.

The development is near good public transport links into central London, with Dollis Hill underground station (Jubilee Line) walking distance away across Gladstone Park. Willesden Green and Edgware Road are a short walk away and the development is within easy reach by car of Brent Cross Shopping Centre and Heathrow Airport.

Head of Sales and Marketing for Octavia, Sue Dance said: “We believe this is a fantastic opportunity which makes larger homes for growing families in London more affordable. It is our most flexible offer to date in that it is open to anyone living in a London borough and represents our approach to provide a broad range of home ownership solutions that meet current needs.

“We think the option to invest a 50% share in one of these family houses could be a perfect choice for people who may have out-grown their first family home but are struggling to up-size in London on their budget. We think for many people this scheme is a viable solution to finding a secure ‘forever home’ in a vibrant community location where they can settle and raise their family.”

For further information, or to arrange a viewing contact the Marketing Suite T: 0208 208 8355, E: gladstonesales@octavia.org.uk

*The shared ownership scheme applies to selected plots only. The scheme is open to people currently living in any London borough. Further conditions apply.