Anastasia Gurnell, 25, was living in a Battersea apartment with a pal who was paying?865 per month rent. She was determined to purchase a home of her own and was using a Lifetime Isa account in order to maximize her savings. However, she was having trouble finding affordable housing in south-west London. She said that she didn’t have a specific date in mind for when she would buy a flat. “I had hoped it would be with someone in a few years, as I didn’t think I could buy a flat on my own. “In May 2020, she went back to Plough Lane, Wimbledon FC’s home, to get a Covid-19 vaccine. The Switch / PR handout. While waiting to be jabbed, she discovered information about The Switch, a 1,818-unit shared-ownership development on the site being sold off by Catalyst. Gurnell stated that she had never seen any shared-ownership apartments under?450,000 before discovering The Switch. “I was so impressed at the quality of the apartments and their location, I decided to inquire immediately. She chose a one-bedroom apartment and was able purchase a 25% share of the property for?105,000. The timing couldn’t be better. She had to pay a deposit of $ 10,500, and her monthly expenses now total?1,235. This includes mortgage (?348) and service charge (??165). Rent on the part of the flat that she doesn’t own is?722. Gurnell still had two months on her Battersea rental contract, so she found the flat and moved in January. She said that her favorite part of the flat was the view to the stadium. “Being close to the stadium was a bonus for me as a football fan. Even if it’s not match day, you wouldn’t know you were so close. “READ MOREShared ownership in London: The most affordable properties through the part-ownership and part-rental schemeMicro Flats in Croydon and Sutton for sale for?235k. These tiny 400sq ft homes are for first-time buyers and have shared social areas, but no hallways. Londoners share their experiences buying in the 90s and 2000s. Plough Lane is less that a mile from Earlsfield with its cafes, restaurants, and is within walking distance to the shops and bars at Wimbledon. Wandle Meadow is a short distance away, and keen runners often make it to Wimbledon Park. She said, “I absolutely love the area.” It’s quiet and peaceful, not what you would expect from living in London. However, it is only 45 minutes from my office. I am looking forward to exploring the area and especially to visiting food spots such as Tooting Market. Gurnell plans to eventually buy her share of the flat, a process known as “staircasing”, so that she can one day own it.
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