Wembley: Zone 3 Canalside Apartments With a Private Bowling Alley

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About this property

The address is Wembley, HA0, where the main canal meets the River Brent, and the wider scheme runs to 3,350 homes with fourteen acres of open space, a six metre waterfall among them. Stonebridge Park, on the Bakerloo line and the Overground, is a seven minute walk; Alperton, on the Piccadilly line, is eleven. That puts the estate in Zone 3 with two separate lines within walking distance rather than one. Nine homes are left and each one has water in front of it. Two studios of about 40 square metres, 434 and 435 square feet, are 375,000 and 388,500 pounds with balconies of 59 and 78 square feet. Three one bedrooms of 51 to 61 square metres, 554 to 653 square feet, run 395,000 to 430,500, and one of them carries a 175 square foot balcony. Three two bedrooms of 64 and 77 square metres, 685 and 832 square feet, run 547,500 to 622,500. The single three bedroom is 105 square metres, 1,135 square feet, at 797,500 with a 126 square foot balcony and views over both waterways. The residents' facilities here are unusual for the price band: a concierge, a private bowling alley, a cinema room, a residents' lounge and a gym, plus the podium gardens on top of the buildings. The estate also carries its own shops, a nursery, a soft play centre and canalside cafes and restaurants at ground level, which is what makes fourteen acres feel like a neighbourhood rather than landscaping. The estimated service charge is 4.83 pounds per square foot a year and the ground rent is a peppercorn. Nine homes are left on this list and all nine are ready to move into, from a studio at 375,000 pounds to a three bedroom at 797,500. Every one of them faces water: the River Brent, the canal, or the podium gardens. The rental estimates supplied with the list run 1,800 to 3,400 pounds a month and produce gross yields of 5.1 to 5.8 per cent. Tenure is a 999 year lease from January 2021. Payment is 2,000 pounds to reserve a home up to half a million or 5,000 above it, ten per cent on exchange within twenty eight days, and ninety per cent on completion. Parking is separate: a right to park costs 25,000 pounds as a one off on selected homes only, plus 317.70 pounds a year.

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