Shared Ownership Homes For London Pedal Power Fans

Posted 29 July 2020 by Keith Osborne

Peabody is offering Shared Ownership homes in West Thamesmead as the perfect choice for keen cyclists...

With figures from Greenpeace showing the number of people cycling on London’s roads increasing by 70% over the past three months, Peabody is promoting its collection of Shared Ownership homes at The Reach in West Thamesmead as the perfect choice for keen cyclists in south-east London.

a selection of boutique one-bedroom apartments available on a part buy-part rent basis, deposits starting from just £6,938 (based on 10% of a 25% share, full market value of £277,500 – and purchasers who reserve a property this summer will receive a £1,000 voucher towards a new bike.

Located within the Royal Borough of Greenwich and close to the River Thames, the Thamesmead area is set to benefit from a multi-million-pound investment program, bringing an influx of new leisure, cultural and commercial facilities. There is also a variety of shops and popular restaurants and gastropubs already nearby, as well as 350 acres of beautiful green spaces and calming waterways, perfect for enjoying an afternoon stroll or a morning bike ride, and for those who want to commute across town without using public transport, the newly launched Bankside Bike Train offers an easy way to travel with other fellow riders on London’s Quietways, and can be picked up from local Greenwich points close to The Reach.

Each of the one-bedroom Shared Ownership apartments has contemporary features and layouts have been well planned to offer bright, spacious and flexible accommodation, perfect for family to visit and there still be ample room for everyone. The open-plan design ensures a spacious feel throughout, yet still provides designated spaces for cooking, dining and relaxing. Kitchens are sleek and contemporary and come complete with a range of integrated Zanussi appliances, and bedrooms are generously sized with a built-in wardrobe. Every apartment features a private balcony or terrace, with those situated on the ground floor enjoying access to garden spaces. Residents are able to enjoy the communal landscaped garden with a seating area, and for those who like to get around on two wheels, there is secure on-site bicycle storage.

Andrew Peglau, assistant director of marketing at Peabody comments: “Since the UK lockdown was introduced, active and greener modes of transport have seen a huge increase – not only because this allows for social distancing, but many people have realised the health benefits it can offer and how cost-effective it can be when it comes to commuting, particularly in London. Our summer offer of a bike voucher for buyers who reserve a property at The Reach is our way of supporting greener lifestyles, whilst our Shared Ownership scheme means purchasers can also buy a new home with a lower level deposit too.”

The Reach is well served with rapid connections across the capital. With the future opening of Crossrail services to Abbey Wood, Thamesmead residents will be able to reach Canary Wharf within just 11 minutes; Liverpool Street in 18 minutes and Tottenham Court Road within 22 minutes. Surrounding road links makes getting to the M25 easy, and London City Airport is just 20-minutes on the DLR – perfect for a quick weekend getaway.

Find out more at www.peabodysales.co.uk.

 

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A Guide To Part Buy Part Rent
With Home Reach you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.

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