Shared ownership: Opportunities for first-time buyers at Spark in New Cross, London
Posted 23 December 2014 by Helen Christie
Situated in New Cross in south east London, Spark is a contemporary collection of one-, two- and three-bedroom shared ownership apartments, forming one of the final chapters of the Kender Triangle regeneration story. The development is particularly ideal for those wishing to take advantage of the buzzy lifestyle, excellent transport links and value offered by SE14.
Arranged across three blocks positioned around landscaped green spaces, all of the apartments here benefit from a terrace or balcony, and secure bicycle storage. Selected apartments also have their own parking space. The homes feature a high quality specification, including Amtico Spacia flooring in the kitchens complemented by contemporary Dekko units and a selection of integrated Zanussi appliances, quality white bathroom suites and spacious bedrooms.
New Cross, in the borough of Lewisham, is well-known as the home of the Goldsmiths Art College and has been popular with creative types for decades. Lewisham is among the leaders of London’s regeneration and has experienced a 26.2% annual property price rise.
Spark sits at the heart of the Kender Triangle regeneration area, the focus of a decade long investment programme, and is well positioned to take advantage of the array of amenities and attractions on the doorstep. The artistic heritage of New Cross has spawned some of the capital’s most interesting cultural venues, including popular fringe venue The London Theatre, bohemian pub The Amersham Arms and trendy eatery and music venue Café Crema.
Debbie Small, director of Hyde New Homes, said: “New Cross is undergoing a transformation and offers all of the key ingredients sought after by today’s buyers: amenities, a lively social scene, great transport connections and nearby green spaces. The new homes at Spark provide great value for those climbing onto the first rung of the property ladder and we expect to see interest both from those who are well acquainted with the Kender Triangle area, as well as buyers who may not have previously considered South East London.”
SE14 is ideally located for those who work in central London; New Cross and New Cross Gate stations offer connections to London Bridge in just six minutes, Canary Wharf in 12 minutes and Bond Street in 25 minutes. The London Overground runs north to Islington, via Hoxton and south to Croydon and Crystal Palace. Additionally, there are over 40 bus routes serving the area and the A2 is within easy access.
Of the homes remaining in the first-phase of this popular development, shares of 40% in a two-bedroom property are available from £146,000 (full purchase price £365,000).