South-east London scheme’s apartments start at £106,250 for a 25% share of a one-bed home
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The first development to feature in our focus on shared ownership is Square Roots Lewisham.
Delivered in partnership with developer London Square, the south-east London scheme presents prospective buyers with a collection of 141 one, two and three-bedroom apartments as well as duplexes.
Located beside the River Ravensbourne, the development is seven minutes walk from Lewisham Station for rail and DLR services offering links to Canary Wharf and the City.
Properties at Square Roots Lewisham feature fully fitted kitchens and bathrooms, private balconies or terraces for all apartments and space for home working.
The development boasts riverside walks, play areas and a communal roof terrace for residents as well as cycle storage, wireless door entry via handheld devices, a 10-year NHBC warranty and a two-year Square Roots customer service warranty.
Buyers can expect to be able to move into their properties this spring.
Square Roots is set to unveil a new three-bedroom show home at its Lewisham Sales Suite on March 16, 2024, and will welcome visitors from noon-4pm.
Readers can find out more information about the event by calling 0333 666 2535 or registering online at squareroots.co.uk.
The developer is also offering prospective buyers a package of incentives for those reserving properties at the full asking price.
Those purchasing a one-bed can get up to £4,000 of tailored benefits, while those opting for a two-bed can get up to £6,000.
Incentives include Window treatments from Thread And Dandy, John Lewis or Ikea vouchers, an annual travel card for Zones 1-6 or an annual parking space at Lewisham Shopping Centre.
London Square South managing director, Sean Gavin, said: “This is an outstanding opportunity for buyers keen to purchase a high quality new home close to the heart of London, which offers great value.
“Square Roots Lewisham is part of an extensive regeneration of the town centre, where significant investment is being made.
“This is excellent news for buyers who are looking for an affordable home in a great location in the capital.”
Canary Wharf workers considering a home at the development can look forward to a commute of less than 30 minutes door-to-door.
Residents will also benefit from an extensive network of local cycle paths offering direct connections to Greenwich, Blackheath and Deptford.
Lewisham itself has seen an influx of capital and activity in recent years with regeneration projects that have delivered new homes and amenities.
The area continues to see strong price growth, with Rightmove recording a 6% rise in average values year-on-year, 11% up on the 2020 peak of £545,248.
This contrasts favourably with trends in other areas of London, which have seen falls in recent years.
Square Roots was established by London Square two years ago with the aim of delivering 3,500 affordable homes over the next five years.
With 1,000 properties currently under construction, its schemes have already attracted recognition in the Evening Standard New Homes Awards and First Time Buyer Awards.
- key details
Prices at Square Roots Lewisham start at £106,250 for a 25% share of a one-bed apartment, based on a total market value of £425,000.
The home extends to some 551sq ft and is available with a minimum deposit of just over £5,300 (5%).
Find our more about Square Roots Lewisham here
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- 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
