Final few homes available at Redrow's popular West London development
• 95% of homes sold at Redrow’s Padcroft scheme in West Drayton
• Remaining homes available with Help to Buy and stamp duty exempt
It is the last chance to buy a home at Redrow’s popular Padcroft development in West Drayton, West London. The hugely successful development has just 16 two-bedroom apartments remaining from a total of 315 homes. These apartments are already finished and ready for eager buyers to move into, so there should be a limited delay between choosing your dream home and taking up residency. The apartments start from £427,000 and are available with Help to Buy, meaning that first time buyers and second steppers can snap them up with as little as a 5% deposit. Following the recent government announcement all UK buyers will be exempt from stamp duty when purchasing an apartment at Padcroft.
The exceptionally well-located homes are less than a five-minute walk from West Drayton station, which provides links to Paddington in 24 minutes and the West End in 40 minutes, with journey times set to improve further when Crossrail launches in the coming years. These homes are ideal for young professionals looking to maximise on space, while remaining in London, 88% of sales to date have been to buyers under the age of 45.
The spacious two-bedroom apartments have been elegantly finished to the high specification and outstanding quality we are recognised for. Each apartment has a contemporary fitted kitchen, including high end integrated appliances, and underfloor heating features throughout. Every home at Padcroft also benefits from a private balcony, as well as access to podium gardens. Situated adjacent to London’s Grand Union Canal, many of the apartments benefit from waterside views too.
Neil Bowron, sales director at our Greater London Region, commented: “Since launching in 2016 the new homes have been attracting young professionals who have been drawn to the neighbourhood for the affordability, excellent connections and fast-growing selection of cafés, pubs and restaurants. Now, it is the last chance for savvy first time buyers and young professionals to purchase one of our homes here.
“With the current Help to Buy scheme due to end in spring 2021, this is a rare opportunity for buyers to be able to reserve ith the help of the government scheme, and also pay no stamp duty on completion.”
The homes at Padcroft are also a fantastic investment opportunity for buyers. The West Drayton sales market remains relatively untapped, with house prices 11% lower than the Outer West London average. However, prices are set to grow in the coming years, with the median house price increasing by 4.7% in the last year alone1. The West Drayton rental market is also already showing rental growth with rents increasing by 7.2% from Q4 2018 to Q4 2019.