Shared Ownership Launch At Thamesmead
Peabody is launching a new collection of two-bedroom Shared Ownership apartments at Southmere, part of the Thamesmead regeneration in Abbey Wood, which is becoming an increasingly popular and in-demand area for first-time buyers following the opening of the Elizabeth line last year.
Available by appointment only, purchasers are invited to the Southmere Sales & Marketing Suite between 10.00am and 6.00pm to tour both the wider development and show home, with the sales team on hand to answer any questions.
Shared Ownership is a part buy-part rent scheme that makes it possible for first-time buyers to purchase a property that otherwise would not have been affordable; at Southmere, interested buyers can purchase a 25% share of a two-bedroom home for just £105,000 (full market value £420,000).
Andrew Peglau, assistant director of marketing, brand & PR at Peabody, commented: “Following the success of our initial release of homes at Crane Court, we’re delighted to be launching more Shared Ownership homes for prospective purchasers. We have seen in influx in interest from buyers seeking affordable homes that are well-connected, close to local amenities and within proximity to green spaces, and Southmere ticks all the boxes.
“Buyers love the diverse and dynamic community already at Southmere – emulating an escape from central London – while only being 11 minutes from Canary Wharf. The Crane Court concierge service, residents’ lounge, meeting rooms and workspaces are soon to open, so we’re excited to be offering even more for residents on their doorstep, following the opening of the Thamesmead Library last month.”
Designed to create a contemporary feeling of space, the new homes come with open-plan living/kitchen/dining areas with clear zoned areas, while large windows allow lots of natural light in. With most homes benefiting from inset balconies, first-time buyers can enjoy this private space throughout the year and truly benefit from every inch of their home without compromise.
Co-working space at Southmere
New facilities for residents at Southmere
A home at Crane Court includes access to an exclusive podium garden, and homeowners will benefit from purpose-built amenities including a concierge service, residents’ lounge, meeting rooms and workspaces, opening soon. A communal bicycle storage on the ground floor also encourages residents to explore the local landscape on two wheels.
Homes at Crane Court are positioned off Cygnet Square, where the Thamesmead Arts and Culture Office is, and new services and shops are set to open in the near future.
Residents can travel on the Elizabeth line and reach Canary Wharf in just 11 minutes, Liverpool Street in 17 minutes and Tottenham Court Road in 23 minutes. This adds to the existing transport connections which link Abbey Wood to the rest of London.
Southmere is delivering a new London neighbourhood with a lakeside setting and an abundance of green space, offering over 240 hectares of parks and green space, five lakes, and seven kilometres of canals. Currently undergoing a £2.5million renovation, Southmere Lake will provide access to a new Boat Club, ideal for paddleboarding, kayaking or sailing.
Prices here start from £105,000 for 25% share of a two-bedroom apartment (full market value £420,000). Ensuring buyers feel secure in their new purchase, all Peabody homes have a 999-year lease as standard. Find out more about Southmere from Peabody.
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