The developer and housing association is marketing a collection of affordable apartments at its scheme near Abbey Wood in south-east London
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Developer and housing association, Peabody has unveiled a collection of shared ownership homes at its Southmere scheme in south-east London’s Abbey Wood.
Released under the name Waterside, the apartments are already proving popular with buyers with 11 reserving properties over the launch weekend.
One, two and three-bedroom homes are currently available through the scheme, with prices starting at £82,125 for a 25% share in a one-bed.
Buyers can expect balconies and larger properties that are both dual aspect and feature views over either the London skyline or Southmere Lake.
Kitchens come with integrated Bosch appliances and white units, while bathrooms are clad in grey porcelain with black hardware and white sanitaryware.
Peabody says shared ownership properties can be secured with a deposit of as little as £8,312 with projected monthly outgoings of £1,175.
a tranquil focus
“We are excited to have launched our new Shared Ownership collection at Southmere, designed to make aspirational waterside living more accessible to prospective homebuyers,” said Raquel Soares, assistant director of sales strategy, intelligence and compliance at Peabody New Homes.
“With Southmere Lake providing a tranquil focus for the area, our Waterside collection at Southmere places buyers at the heart of this growing neighbourhood.
“Close to exciting new amenities, exceptional transport links and extensive greenery, Southmere delivers the benefits of buying in one of the capital’s most dynamic regeneration areas.
“We encourage potential buyers to register their interest as soon as possible to be among the first to find out more.”
Abbey Wood is still near the beginning of a massive regeneration project that will see the area completely transformed.
connections to Southmere
The arrival of the Elizabeth Line places it within 12 minutes of Canary Wharf. The area also benefits from rail services and a DLR extension to North Thamesmead has been proposed, to further boost connectivity.
Right now, however, new local amenities have already come on stream.
Part of the Southmere scheme, Cygnet Square hosts monthly markets and events while residents are also able to access The Nest Library And Community Space.
The Lakeside Centre, also on the lake, hosts artists studios operated by charity Bow Arts and the Thamesmead Social Cafe.
The area has a striking amount of green space to explore, extending to some 240 acres with Thamesmead home to a further four lakes and at least 7km of canals as well as a river path along the Thames.
key details: Southmere
Pricing for homes in the shared ownership collection at Southmere start at £83,125 for a 25% stake in a one-bedroom apartment, based on a full market value of £332,500
You can find out more about the development here
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