Newspaper article The Evening Standard (London, England)

Find the Right Price in the Best Location

Newspaper article The Evening Standard (London, England)

Find the Right Price in the Best Location

Article excerpt

Byline: Ruth Bloomfield

FIRST-TIME buyers on a budget usually have to compromise hard to take their place on the housing ladder, particularly when it comes to location. But two new shared-ownership launches will give young buyers the chance to make a home in a seriously fashionable postcode, whether their tastes are edgy or more refined.

Next month, the One Housing Group (onehousinggroup.co.uk) will launch shared-ownership schemes in Hoxton and Battersea -- both areas not exactly flush with subsidised housing opportunities.

CONVENIENT TRANSPORT The housing association has eight flats for sale in Orsman Road, Hoxton, priced from [pounds sterling]109,000 (for a 40 per cent share of a property with a full price of [pounds sterling]272,000). Two-bedroom homes start at [pounds sterling]152,000 (for 40 per cent of the full price, which is [pounds sterling]382,000).

The development has a total of 16 flats (the remainder are reserved for social rent) and the homes are built around a pretty walled garden.

Climbing plants will trail the balconies once building is complete, giving a pleasing, urban oasis effect.

The flats are around 10 minutes' walk from Hoxton High Street, which is packed full of clubs, bars, galleries, restaurants and independent shops.

London Overground trains from Hoxton give a direct link to both Canary Wharf and Islington, and easy journeys to the City.

"This particular spot on the City fringes is one of the most up-and-coming areas of London," said Matthew Saye, assistant director of home-ownership services at One Housing Group.

"It has become a very lively and fashionable part of London and this scheme is well-placed for all the venues and nightlife in the area. Brick Lane is pretty close, and the Regent's Canal is a four-minute walk from your front door, so you can be walking or cycling down the towpath very easily. …

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