Affordable housing provider owned by London Square will unveil show home in south-east London
Subscribe to our free Wharf Whispers newsletter here
Incentives and pizazz are to be expected as Square Roots Lewisham celebrates completion next month.
Residents and prospective buyers are set to come together on June 15, 2024, for an event at the development on the banks of the River Ravensbourne.
There, the affordable housing provider will host buyers and guests to mark the culmination of construction work alongside a chance to view its new three-bedroom show home.
Square Roots, which is owned by developer London Square, has created a scheme in south-east London comprising 141 apartments all with private outdoor space.
The properties themselves feature dedicated home working stations with power and high speed Wi-fi options.
Further amenities at the development include a rooftop terrace for residents, cycle storage and landscaped gardens.
incentives at Square Roots Lewisham
But these aren’t the only attractions to tempt buyers.
Square Roots has put together incentive packages, with buyers able to select from a number of options worth up to £4,000 or £6,000 if reserving a one-bed or two-bed respectively.
These include window treatments from Thread And Dandy and vouchers for John Lewis and IKEA.
Annual Travel Card for Zones 1-6 or an annual parking space at Lewisham Shopping Centre are also on offer. Naturally, terms apply.
Square Roots Lewisham head of sales, Becky Boden, said: “Square Roots Lewisham offers an amazing opportunity to live close to central London in a beautifully designed, high quality new home that’s affordable.
“Look out for our Unveiling New Heights At Square Roots event on June 15 – launching new apartments and celebrating the completion of the development, plus there will be a new show home to view.
“This will be an event for both residents and the public with cocktails, food, and sax players playing Ibiza classics.”
get moving
For those quick off the mark, the new show home is set to officially launch on May 18, 2024.
Prospective buyers invited to view between noon and 4pm.
Square Roots is also able to connect those seeking to make a purchase with an independent financial adviser who can assist in securing a mortgage.
With the soaring cost of renting in London, affordable housing providers are increasingly holding up shared ownership as a mirror to renting in the capital.
At Square Roots Lewisham, a buyer taking out a 35-year mortgage on 25% of a £415,000 one-bed with a 5% deposit could expect to pay around £1,422 per month for a 544sq ft one-bed.
That figure includes mortgage repayment, rent and service charge.
A similar size property for rental in Lewisham currently costs about £1,575 – £152 more – per month.
That’s a potential saving of £1,824 a year.
Buyers would need a 5% deposit of £5,188 and a minimum household income of £46,119.
local amenities near Square Roots Lewisham
Beyond price, of course, a shared ownership buyer is also free to enjoy the property as though they own the whole thing.
There will be no quibbles over decorating and – crucially – no uncertainty over whether they will be required to suddenly move out.
Living in Lewisham offers a multitude of benefits with extensive regeneration already underway in the area, which boasts many restaurants, cafés, bars and shops.
The Square Roots development is located within seven minutes’ walk of Lewisham station.
This hub offers direct connections to London Bridge in eight minutes as well as rapid access to east London via the DLR.
Those working in Canary Wharf can expect a commute of about 20 minutes.
need to know
One, two and three-bedroom shared ownership homes are available at Square Roots Lewisham, as well as two-bed duplexes.
Prices start at £103,750 for a 25% share of a property with a full market value of £415,000. The properties will be available to move into this summer.
The estimated service charge at the development is £3.13 per sq ft.
Find out more about the scheme here
Enter Wharf Life’s prize draw to win a cruise on a Hot Tub or BBQ Boat here
Read Wharf Life’s e-edition here
Subscribe to our free Wharf Whispers newsletter here
- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com
