Abri Homes Shared Ownership apartments at Horlicks Quarter in the heart of Slough have proven a popular choice, with over 50% of homes having sold since it launched to market last year.
Among those that have chosen to make Horlicks Quarter home are Ali and Yasmin, who said: “The cost of purchasing a first home was a major hurdle for us and we quickly realised we were going to have to broaden our search outside of London to find a home we could afford. When we came across the Horlicks Quarter and Shared Ownership, and explained our finances to the team, it felt like the perfect fit for our family.”
Shared Ownership is a scheme designed to help aspiring homeowners by enabling them to purchase a share of a property, while paying a reduced rent to Abri on the remaining amount. With Shared Ownership, buyers only need a mortgage for the portion of the home they wish to purchase, meaning the deposit is typically lower than if buying on the open market.
With the average rent in Slough now set to cost renters £1,851 a month, Horlicks Quarter is providing an affordable step onto the property ladder and work towards full homeownership.
Stuart Hensby, Sales and Marketing Director at Abri Homes said: “First time buyers face enormous barriers to getting on the property ladder, with the average deposit now as much as 20% of the total purchase price. Shared Ownership provides a simple solution for priced out buyers, with lower upfront and monthly costs.
“Purchasing a two-bedroom Shared Ownership apartment at Horlicks Quarter is comparatively more affordable than renting privately, with the combined monthly costs of rent, mortgage and service charge approximately £1,440* per month, up to £300 cheaper than renting privately in Slough, which costs an average of £1,752, per month.
“Slough has cemented itself as a hotspot for first time buyers seeking value without compromising on a quality home. Demand for this location is rising fast, as residents benefit from ongoing regeneration and quick transport links into London. As a result, there has been a strong demand for our Shared Ownership apartments at Horlicks Quarter, where more than 50% of all homes have sold, and enquiries remain high.”
Once home to the world-famous malted milk drink, Abri Homes’ residents at Horlicks Quarter have access to a concierge, gym, cinema room, residents' lounge and rooftop gardens to enjoy. Meanwhile, Horlicks Quarter is located a seven-minute walk from Slough train station the Elizabeth Line, offering services into London in under 20 minutes.
Prices at Horlicks Quarter by Abri Homes start from £100,625 based on a 35% share of a one-bedroom apartment [full market value: £287,500].
To find out more, visit: https://www.abrihomes.co.uk/properties/horlicksquarter
*Includes monthly rent, mortgage payment and service charge, with prices subject to an annual review.