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First-time Buyer Homes in Ealing

Sell My House Quickly in Ealing

Sell My House Quickly found another interesting article about properties in Ealing. First-time buyer homes in Ealing: new high street development offers shared-ownership homes near west London Elizabeth line hub. The Elizabeth line is on the way and shining the spotlight on first-time buyer homes in the Queen of Suburbs.

First-time Buyer Homes in EalingWith Crossrail coming to the “Queen of Suburbs” in just over a year, the property spotlight is firmly trained on Ealing.

Prices in this west London hotspot have been on a strong upward trajectory ever since the route of the Elizabeth line, slated to launch in central London in 2021, was announced.

The average price of a property in West Ealing, the W13 postcode, stands at £605,000, up from £477,000 in 2012, according to Rightmove.

A typical flat here sells for £377,000, which is way beyond the grasp of many first-time buyers, particularly since a basic five per cent deposit comes in at close to £40,000.

Ealing’s verdant streets full of rambling Victorian villas inspired the architectural historian Nikolaus Pevsner (1902-83) to crown the district “queen” of London’s suburbs.

Today, the largest and grandest of these homes cost well in excess of £3 million, and even a simple three-bedroom semi or terrace will set you back between £800,000 and £900,000.

The same disparity is clear in one-bedroom flats. Dexters is selling a ground-floor flat in a grand period house in Lyncroft Gardens, close to Walpole Park, for £430,000.

Also close to the park, in Pursewardens Close, Colin Bibra estate agents is listing a one-bedroom purpose-built apartment that has less kerb appeal and a £330,000 price tag.

We found this article about First-time Buyer Homes in Ealing on Evening Standard. Kindly click the link to read the full story.

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