Apartments at Ovaltine, Kings Langley available from as little as £23,750
17-11-2006
Assettrust Housing Limited has just 5 affordable units remaining at the landmark Ovaltine, Kings Langley development. Since launching, some 34 units have been sold under a shared ownership scheme which enables buyers to purchase a 2 bed apartment from as little as £23,750 for a 12.5% share.
An exceptional development set within the grounds of the former historic Ovaltine factory and backing onto the Grand Union Canal, it provides the best of both worlds – a rural retreat, yet just one mile from the M25 and some 25 minutes by rail into Euston station.
As Ken Cox of Assettrust Housing comments, "It's not surprising that this development has proved so popular, it's a great location and has great appeal to first-time buyers."
The developers, Fairview Homes, have created high quality homes at an affordable price and Assettrust Housing is currently selling the remaining three, 2 bedroom apartments and two, 2 bedroom houses. Prices for the houses start at £37,500 for 12.5% share.
Cox again, "Shared ownership offer buyers a real possibility to get a foot on the first rung of the property ladder. Put in simple terms it means buying a share of a property with a mortgage and paying a reduced rent on the remainder. At Ovaltine, purchasers can buy anything between 12.5 – 75% with the option to purchase further shares after 12 months."
As part of the agreement, buyers will have to pay a service charge to cover such items as buildings insurance and the cleaning of communal areas.
As Cox explains, "Purchasers may not be buying the property outright but they will have all the usual rights and responsibilities of a full owner-occupier."
For anyone wishing to visit Ovaltine please call 0845 37 32 424 for further information on the development, visit the Ovalitine website at
For further information please contact:
Ken Cox, Assettrust Housing Limited, Tel: 020 772 8431
Alison Blease, PR Director, Assettrust Housing, Tel: 020 7761 9598