Mandeville Place, a new development in Northolt, west London, has genuinely affordable options for first-time buyers in both categories.
Network Housing Group has 47 shared-ownership homes for sale on the site as part of a reboot of the troubled Rectory Park estate, which will eventually provide 425 new homes.
There are 20 one-bedroom apartments, 23 two-bedroom flats, one three-bedroom flat and three three-bedroom houses on offer. Prices start at £54,950 for a 35 per cent share of a one-bedroom flat with a full market value of £157,000.
Buyers will need a minimum income of £22,000, and will need to raise a deposit of £2,747.50.
Two-bedroom flats start at £66,325 for a 35 per cent share (full value £189,500). Buyers will need to earn at least £26,500 and a five per cent deposit comes in at £3,316.25.
For the larger homes, the three-bedroom flat costs £89,950 for 35 per cent (full value £257,000), and a minimum income of £36,250 is required. The deposit comes in at £4,497.50. The houses are priced at £100,950 for a 35 per cent share (full value £317,000), and buyers will need a household income of at least £45,250, with a £5,547.50 deposit.
From £54,950: for a 35 per cent share of a one-bedroom Mandeville Place flat
LEISURE AND SHOPPING
This development has plus and minus points to consider. In terms of green space it is surprisingly leafy, overlooking Northolt Golf Course and with both Northolt and Greenford Country Park and Lime Tree Park within easy walking distance. The Paddington branch of the Grand Union Canal is also nearby for towpath walks.
And residents will certainly need to enjoy walking, as the nearest town centre and Tube station at Northolt is about a mile and a half away — although there are local buses.
The Tube station is on the Central line in Zone 5 and Oxford Circus is about 40 minutes away. Alternatively, take the mainline from Northolt Park to Marylebone in 17 minutes. An annual season ticket costs £2,136. Northolt itself is hardly a shopping mecca, though there are everyday shops and some good Indian restaurants.
A better bet is Greenford, also about a mile and a half away from Mandeville Place, which not only has the London Motorcycle Museum, but a much more comprehensive range of shops.
The long way up: one of the four mounds of Northala Fields, created in Northolt and Greenford Country Park using rubble from the old Wembley Stadium. Image: Rex
Schooling in the area is highly variable. Gifford Primary School is rated “outstanding” by the Ofsted education watchdog, and several other primary schools in the area, including Viking Primary and Greenwood Primary, have a “good” rating.
However, educational options for older children are more worrying. Northolt High School and the Alec Reed Academy both have serious problems to overcome.
The post-war council estate which is replaced by the new development suffered a range of problems including failing housing, antisocial behaviour and isolation.