The Boatyard: shared-ownership homes with a waterside view

Young buyers can find a waterside view only 18 minutes from central London
Grand Union Canal
© Alamy
Residents of shared-ownership flats at The Boatyard, Hanwell, will have direct access to the towpath of the Grand Union Canal
The future residents of the The Boatyard will enjoy views over the tranquil Grand Union Canal — just perfect for the summer. The new homes development is in a great commuter spot, a mile from Hanwell in south-west London and 10 minutes from Southall train station, with services to Paddington in 18 minutes.

The Boatyard offers 26 shared-ownership homes, including several three-bedroom houses. The entry price is £80,000 for a 40 per cent share of a one-bedroom flat, with a full market value of £200,000.

The monthly cost, which includes mortgage payments plus rent, is a total of £713. Two-bedroom flats start at £97,000 for a 40 per cent share of a property with a market value of £242,000. The monthly cost is calculated at £864.

There are also four three-bedroom houses, priced at £148,000 for a 40 per cent share of a property with a market value of £370,000. Their monthly cost will be £1,320 plus service charge.

All the homes will come kitted out with fitted kitchens, including white goods, and a neutral contemporary décor with carpets in the bedrooms, and laminated wood flooring in the open-plan living room/kitchens.

One of the good things about this development is that every property has private outside space, whether it be a balcony, terrace, or garden. There is also direct access on to the canal towpath. Another plus point is that this is a low-rise, low-density project of only 38 homes — the other 12 will be rented out — with a private children’s play area. The homes will be ready to move into in the autumn, and unlike bigger housing developments, residents will not have to put up with building noise while further phases are built around them.

Boatyard
From £80,000: for a 40 per cent share of a one-bedroom flat at The Boatyard with a full market value of £200,000
Mark Vaughan, managing director of Notting Hill Home Ownership (nottinghillhousing.org.uk) said: “I think the best thing about this scheme is its location. It is canal-side and very tranquil, and you are surrounded by somereally nice open space, including Tentelow Wood, which is an ancient bluebell wood.

You’ve also got Glade Lane Canalside Park a five-minute walk away. Warren Farm is another large park which has a very large sports ground with football and cricket pitches.”

While the development passes the green space test with flying colours, it does have some downsides. The nearest station is Southall in Zone 4. Southall is famously multicultural with its market and many good, low-budget Indian restaurants, but the noise and crowds can be a bit much for some.

The Boatyard is about a mile from Hanwell, which has more of a burgeoning London village feel about it, with fair-trade coffee shops, delis and an eclectic range of restaurants.

The distance from station and shops is, said Vaughan, the main downside of the scheme — though he pointed out that each property comes with a parking space. And there is aircraft noise because of the proximity to Heathrow airport. However, Vaughan said The Boatyard is not on the flightpath, which makes it more tolerable.

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