‘Shared ownership helped me step back on the ladder’
ACHANGE in circumstances led to 37-year-old Timothy Percival, above, selling his former home and renting for three years. Then he discovered shared ownership and worked out that it would be more beneficial financially. ‘After doing the sums and realising shared ownership was a cheaper option, it made sense to investigate,’ says Timothy, an IT consultant. ‘Having owned, I wasn’t sceptical about the buying process and I decided to take the plunge.’
His priorities were to find a home in a well-connected location with lots going on and green space nearby, and
Peabody’s The City Angel development in Islington seemed the perfect fit. Timothy managed to get his hands on the last one-bed, top-floor shared ownership apartment, which included a sizeable terrace. He bought a 30 per cent share and plans to staircase to full ownership in the near future.
‘I absolutely love where I am. To be situated in Zone One in Islington, just minutes from any coffee shop and bar I desire, is amazing,’ he says. ‘The location really does tick all the boxes. I have everything I need on my doorstep and I can even cycle to work when I choose to.’
But it wasn’t just the location that won Timothy over, as he explains. ‘I was so impressed by the whole finish in my apartment, especially in comparison to other places I had viewed. The City Angel has such a high specification and utilises space well – I’m very happy here thanks to Peabody making it so easy.’
The City Angel has sold out but one final one-bed shared ownership apartment remains at Peabody’s Wharf Road development, also in Islington
On the fourth floor, it has a spacious open-plan kitchen/ living/dining room, utility cupboard, a double bedroom, a balcony and built-in storage throughout, from £150,000 for a 25 per cent share of £600,000,
■ peabodysales.co.uk