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WHY RENT WHEN YOU CAN BUY AT ACTON GARDENS

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26/07/2016

 

According to recent figures released by the Office for National Statistics, London has the fastest growing rental prices in the UK, with the average city dweller now spending 57% of their monthly wage on rent*. With West London now also considered the UK’s second most populous and productive city**, it is no wonder that areas such as Acton, W3 are seeing average rents of £2,175 per month***.

Why Rent When You Can Buy at Acton Gardens

At Acton Gardens, by joint venture developers Countryside and L&Q, prices for a one bedroom apartment start from £440,000 and are available through the London Help to Buy scheme, offering lower monthly mortgage repayments compared to renting the equivalent size property. 

Enjoying a prime West London location, Acton Gardens comprises a contemporary range of one, two and three bedroom apartments, three and four bedroom überhaus and penthouses, and four bedroom townhouses, providing West London renters with the opportunity to get onto the property ladder and also cut their monthly outgoings. The development is transforming the former 52 acre South Acton Estate into a new urban village. It is reconnecting the estate to the wider neighbourhood, with 2,850 new homes set within traditional tree-lined streets, and is increasingly providing a sense of place and community for residents.

Andrew Loveday, Sales Director at Countryside comments: “Buying a home means that annual tenancy contracts become a thing of the past, it offers a long term investment for the purchaser rather than a landlord and can also prove to be more affordable than renting.  At Countryside, we understand that everyone is looking for the best value for money and with London rents continuing to rise, getting onto the property ladder has never been more important.  Purchasers who buy early at Acton Gardens also benefit further with property prices likely to increase due to the long-term regeneration of the area.”

The Acton Gardens development is split into four zones with the Crown Quarter designed to be ‘the Hub’ of the development through the creation of 55,000 sq ft of new community and social facilities. Once complete it will include a central plaza with a supermarket, new public open space and other amenities, helping to bring residents of all age groups together. 

Liberty Quarter, boasts a prime commuter location adjacent to South Acton Overground Station, whilst West Park Quarter also offers a great position for commuters, as it is just a short walk from Acton Town tube station. Finally, North Park Quarter is situated within close proximity of Acton High Street.

Green open space plays a vital role at Acton Gardens, with the homes being designed around a series of new parks, squares and communal gardens, featuring extensive landscaping, play areas and allotments.  In a nod to the traditional appeal of London’s parks and squares, the outdoor spaces are designed to create social places for people to relax and enjoy, where pedestrians have priority and community interaction is encouraged. Nearby, South Acton Park provides an urban park with mature trees lining the footpaths and a play area for children. The plans also include a proposed new bus route and street network linking with the surrounding area, as well as a car club for residents use.

With excellent transport connections, Acton Gardens is located within a short walk of Acton Town underground station providing Piccadilly and District Line services into the West End and the City.  It is also close to Acton main line station, which will benefit from becoming a station on the Crossrail line when it opens in 2019.

Nearby Chiswick High Street offers an exciting range of designer boutiques, good pubs and restaurants, whilst the Westfield regional shopping centre at White City is only 20 minutes away by tube. For sports enthusiasts, golf is available at Old Deer Park, pitch and putt at Gunnersbury Park and tennis in Acton Park.

Prices for a one bedroom apartment at Acton Gardens currently start from £460,000 with the London Help to Buy scheme. To qualify for the new London Help to Buy, buyers need a deposit of 5% and a mortgage for up to 55% of the value of the home. The Government will then provide an equity loan of up to 40% of the property’s value, which is interest free for the first five years. For further sales information please visit www.actongardens.co.uk or call 020 8993 6923.

* https://www.theguardian.com/money/2016/jun/13/cost-of-renting-one-bed-property-soars-in-uk

** http://www.westlondonalliance.org/WLA/wla.nsf/Publications/WPB-519/$file/West%20London%20Vision%20for%20Growth%20October%202014.pdf

*** http://www.home.co.uk/for_rent/acton/current_rents?location=acton

Information correct at time of publication.


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