Get your foot on the housing ladder in Harrow
First-time buyers in Harrow have been given a new opportunity to get on the property ladder with the official launch of Catalyst Housing’s new part-buy part-rent development, Goodstone Court.
Built in partnership with Wates, Goodstone Court has already provided 24 new homes to Harrow families in a mix of one and two bed apartments. There are seven, one bedroom properties still available and with a small deposit of £6,000 this is the ideal solution for first-time buyers struggling to save for their new home.
Prices start from just £171,000, 35% lower than the Harrow average. Initially buyers will be able to buy a minimum 35% stake in the property and pay rent on the rest. Including service charge residents can expect to pay around £800 a month, substantially lower than renting a property of this size. Catalyst encourages buyers to increase their shares until they own 100% of the property.
The official launch on the 23 April was attended by the Mayor of Harrow Councillor Nizam, staff from Catalyst Housing and Wates along with new residents of Goodstone Court.
Rod Cahill, chief executive of Catalyst Housing said:
“In these tough economic times we know how difficult it is for Londoners to get on the property ladder. Average property prices in Harrow are over £350,000 with flats costing an average of £232,000. In schemes like Goodstone Court Catalyst is providing affordable opportunities for a new generation to purchase their first home.”
Shailesh Desai, resident of Goodstone Court:
“Goodstone Court is a beautiful development and with shared ownership I can afford to live in a great location which would have taken a lot longer to save a deposit for. For us, this is not just a flat or house, it’s our home.”
David Fish, project manager from Wates said:
“Wates Living Space is proud to work with Catalyst Housing in building affordable homes for the resident of Harrow and working on a project which has been shortlisted for the LABC London Regional Building Excellence Awards”