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Property: How Barratt London’s Bermondsey Heights offers Zone 2 value

Developer’s South Bermondsey scheme is on the edge of major local regeneration projects

An artist’s impression of Barratt London’s Bermondsey Heights scheme

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“People are smart nowadays, they’re not just buying somewhere because it’s a great place to live – they’re looking at lots of different elements and whether they’re going to see capital growth on their purchase,” said Yolanda Jacob, sales and marketing director at Barratt East London

“Even if they stay for five years, they want to see a property will be a good investment for them. 

“Buying at the beginning of regeneration is nearly always the best time to purchase, because you’re going to see capital growth because of everything that’s going on in the area.”

We’re discussing Bermondsey Heights, the developer’s latest south-east London scheme. 

When complete, the Ilderton Road complex will house 163 one, two and three-bedroom homes as well as 32 shared ownership apartments, rising to 26 storeys at its highest point.

This includes the Skyline Collection, a clutch of properties spread over the top four floors with an enhanced specification and, presumably, the best views the scheme has to offer.

Barratt has a bit of a track record in building developments in areas that then go on to see vast swathes of regeneration unfolding, with buyers enjoying the upswing in property values and boost in amenities that result. 

Maple Quays at Canada Water and Enderby Wharf on Greenwich Peninsula would be two examples. 

This could well be true for Bermondsey Heights as well.

The development features views across London from its communal roof terrace

Over the road to the north, Renewal has plans for some 3,500 homes, office spaces and, potentially, a new Windrush Line station on land surrounding Millwall FC’s ground. 

For context, New Bermondsey is a scheme comparable in size to Royal Arsenal Riverside in Woolwich or Kidbrooke Village.

“House prices locally are forecast to rise by 25%, which is huge compared with other areas,” said Yolanda.

“People who bought at the start of similar schemes in Brixton, Shoreditch or King’s Cross will be very happy with their investment after five or 10 years. 

“These are destinations people now go to for socialising, entertainment and shopping.”

Alongside New Bermondsey, British Land’s 12-year redevelopment of Canada Water – complete with a new town centre – is also within walking distance of Barratt’s scheme and will benefit buyers.

But what will those future residents actually be purchasing? 

“Each apartment will have outside space – either a winter garden or a balcony,” said Yolanda.

“They have open-plan living areas and kitchens with all your appliances, finished to a high specification. 

“Buyers can have the option to choose a colour scheme – they can bespoke the apartment and pick flooring, tiles, carpets and bathroom decor.

“The designs are very fresh, clean and bright. 

Apartments feature open-plan design

“We also offer furniture packages, with designers who can come in and help buyers personalise their home.

“Then there’s a concierge service at the development as well as a podium garden and a roof terrace for residents.”

While some developments come stuffed with facilities, Barratt’s approach in South Bermondsey is to pare back its offering to keep service charges down in a move it believes will be attractive to buyers.

“These days new-builds offer so many options,” said Yolanda. “There are developments offering cinemas and golf simulators, but you’re going to pay a lot for those facilities.

“What we want to do is make sure we’re building homes that are affordable, and where they don’t have the worry of having to pay thousands of pounds a year on service charges, for facilities they may not use that much.

“In the middle of London such amenities can easily be found and we don’t want to tie people into spending lots of money on things they don’t want to use. 

“Our aim is to cover the basics and then leave it up to personal choice.

“That way we can keep the service charge to around £3 per square foot, which is attractive to buyers.”

Bermondsey Heights is located within 10 minutes’ walk of South Bermondsey station for services into London Bridge. 

Residents can also walk 15 minutes to Surrey Quays station for Overground services on the Windrush Line and connections to Canary Wharf within two stops.

One, two and three-bedroom homes are available

“It’s a largely unregenerated area at the moment with industrial units, workshops and warehouses – but there’s a major injection of funding coming and it has brilliant backup with its neighbouring places,” said Yolanda.

“You’ve got Deptford down the road, which has seen quite a bit of a resurgence in popularity as well as Surrey Quays and Elephant And Castle, which have already seen extensive regeneration.

“Then there’s New Bermondsey in the pipeline.

“Bermondsey Heights for people looking for affordability and somewhere they can put down some roots.

“It’s an interesting proposition in terms of pricing – statistics from JLL show we’re about 19% lower compared with other Zone 2 developments across the capital.

“That’s been a huge draw for people whether they’re buying for investment or to live in because they can see lots coming here and that the infrastructure is going to improve.”

An explanation, perhaps, for the fact Barratt’s scheme is already more than 50% sold.

Be quick.

need to know

Properties are now on sale at Bermondsey Heights through Barratt East London.

Prices start at £490,000. 

A new show home is set to launch at the development in May, 2024, with further details available online.

Find out more about Bermondsey Heights here

Read more: How Kircket is set to bring its Indian cuisine to Canary Wharf

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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
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Canada Water: How The Founding offers homes with views across London’s skyline

British Land and AustralianSuper’s regeneration of Canada Water see first homes hit the market

An artist’s impression of The Founding

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Just over a month ago, something momentous happened in London’s property market.

British Land and its partner, AustralianSuper, celebrated the topping out of their first phase of development at Canada Water

Dominating that site is the steel-clad edifice of The Founding, the project’s first residential tower, and every inch of its 35 storeys a flagship structure.

While its neighbouring buildings will contain a leisure centre, workspace and places to eat and drink, apartments mean people in residence 24-hours a day, 365 days a year, a potent addition to an already thriving south-east London community.

The building boasts views of central London and Canary Wharf

Over 12 years, the wider 53-acre site will have much more to come but our focus here is on what The Founding will offer as a place to live.

“It contains 186 apartments and the views from every side are fantastic,” said Simon Capp, head of residential sales at British Land. 

“We’re super-lucky in that we’ve got low-rise geography locally overlooking Southwark Park to the west and Canada Dock to the east. 

“Architecturally, it’s special, designed by Allies And Morrison, who have a strong track record in large-scale towers.

“It has quite an industrial, urban aesthetic – appropriate for Canada Water, which historically has been a hard-working part of town dealing with shipping and cargo.

“It has a warehouse-like feel.”

A show home interior at The Founding

Head inside, though, and while there are some stylistic nods to industry, there’s also plenty of home comforts.

“All the interior architecture has been created by Conran And Partners, which has a really strong track record in luxury hotels and premium residential developments,” said Simon.

“We have two show flats – a one-bed and a two-bed – available for buyers to view at the marketing suite.

“The properties feature oak flooring and Crittall-style windows as well as concrete-style worktops, wooden kitchen cabinets and open-plan design.

“The building predominantly houses one and two-bedroom apartments, with around 15 three-beds on the upper floors with fabulous views and studios also available.”

Kitchens include Samsung appliances as standard

Residents can expect Samsung appliances as standard as well as underfloor heating and comfort cooling in one, two and three-beds.

Properties come with LED downlighters and track spotlights in the coffered ceiling areas of living rooms, sizeable bathrooms and balconies with views across London.

“Even for this first phase, we’ve got a very good level of enlivenment in the form of restaurants, cafes and bars,” said Simon.

“We’ve started work on the transformation of the courtyard, which will be completed late this summer.

“The Founding’s proximity to the station means it’s about a minute to get from the building’s lobby to the Tube and Overground services.

“As a residential offer, this is really one of a kind.”

With more than a decade of work taking place locally, The Founding is also well located to avoid much of the construction that is in the pipeline.

By the end of this year work to renovate Canada Dock will be complete meaning residents can move into The Founding safe in the knowledge that no significant building work on the project will take place on adjacent land.

The tower features three roof terraces

Instead they’ll be able to take advantage of Asif Khan’s bridge over the docks and a new food, drink and cultural destination that will be installed at Surrey Quays as regeneration takes place further to the south and east. 

“Canada Water is already a fully established place – a very nice neighbourhood,” said Simon.

“Our Canada Water project is more of a revitalisation  – stitching something really exciting into what is already a well-established community.

“We’ve taken what we’ve learnt from other large scale developments such as King’s Cross and putting that into action.

“There will be a great mix of residential and commercial space and, with the dock, we’re working to increase the biodiversity to make this an even better place to live – a fresh and lively district.”

The Founding itself includes three roof terraces for residents to use as well as communal spaces for work and relaxation.

Further perks include three years’ membership to a London cycle hire scheme as well as bike storage for each apartment.

Ideally located for public transport, buyers can be in Canary Wharf or London Bridge within minutes, with the Windrush Line offering rapid access to the likes of Whitechapel, Shoreditch and Dalston. 

Simon said: “Given that rents are currently high, people are looking to purchase.

“We’ve been getting interest from a mix of buyers including people who work in Canary Wharf, some of whom don’t want to live there and are looking for something a bit different.”

Studios, one-beds, two-beds and three-beds are all available

key details

Prices at The Founding start at £704,000 for studios and one-beds.

Two-beds start at £986,500, while three-beds are expected to start at around £2million. 

Properties come with a circa 500 year lease and an estimated service charge of £6.56 per sq ft. 

Find out more about The Founding 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
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Property: How Royal Albert Wharf has unveiled homes in its final phase

Collection of apartments’ release marks last chance to buy at riverside scheme near Gallions Reach

An artist’s impression of the final phase of Royal Albert Wharf

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A decade and a half ago, Royal Albert Wharf looked very different.

Located at the eastern end of Royal Albert Dock, with the curve of the Thames behind it, today the area’s 15-year regeneration project is approaching completion, with the launch of its final phase of properties.

NHG Homes is set to release 58 apartments for sale at the scheme in spring, 2024, arranged around a communal garden square that opens onto the Thames Path riverside walkway.

Lined with trees, this route also leads to a children’s playground overlooking the river.

One, two and three-bedroom properties will be available, all featuring outdoor space in the form of balconies or private terraces. 

Prices start at £375,000 for a one-bed with two and three-beds from £494,995 and £634,995 respectively.

Inside, the apartments feature open-plan design with Bosch appliances integrated into the kitchens, fitted wardrobes, built-in storage and separate washer-dryer cupboards.

The development also features a concierge service, a dedicated workspace and lounge area plus parking included as standard with three-bedroom properties.

The final phase is located right by the Thames Path

All residents get access to cycle storage facilities and the on-site car club, should they need four-wheeled transportation.

In contrast to buying a home off-plan at a scheme where work is just starting or halfway through, the majority of Royal Albert Wharf’s amenities are already in place. 

NHG Homes’ head of marketing and digital, Amie Triphook Cole, said: “Royal Albert Wharf has quickly become the place to be in the Royal Docks.  

“There’s a flourishing community of creators, businesses, young professionals and families who call this neighbourhood home, and with this final phase of homes, now is the last chance to buy a new home at this award winning development. 

“Our residents enjoy the perfect blend of riverside views, plentiful on-site amenities and access to lush green space, all within homes designed with active, convenient and modern living in mind.  

“I encourage buyers to enquire with us today, so that they don’t miss out on this last opportunity to buy in one of east London’s most exciting areas.”

Apartments are arranged around a communal garden square

Royal Albert Wharf already enjoys a wealth of local amenities with food and drink served by the likes of the Well Bean Cafe and Cafe Spice Namaste, owned by celebrity chef Cyrus Todiwala and his wife Pervin.

There’s also a monthly market selling fresh produce, street food, arts and crafts and plans for an on-site gym, nursery and a convenience store. 

The development is also home to a number of artists and makers in studio spaces administered by Bow Arts, as well as local creative collective Art In The Docks, which regularly hosts exhibitions and events.

Royal Albert Wharf is located within easy walking distance of Gallion’s Reach DLR station offering direct connections to a host of east London locations.

Royal Albert Wharf has seen extensive regeneration in recent years

It also connects residents to the Elizabeth Line at Custom House and the Jubilee line at Canning Town, both making for easy journeys to Canary Wharf and beyond.

Prospective buyers will also likely be pleased at the prospect of a DLR extension to Thamesmead, an area undergoing three decades of regeneration.

The connectivity already in place means Royal Albert Wharf residents live within easy reach of the cultural and retail attractions of Stratford and Greenwich Peninsula as well as Canary Wharf.

More locally, the University Of East London is within walking distance and Excel and City Hall are a few stops away on the DLR.

The scheme is also close to Beckton Gateway retail park, which hosts big brands such as B&Q, Dunelm and Pets At Home.

key details

There are 58 properties available in the final phase of Royal Albert Wharf.

Prices start at £375,000 for a one-bed and £494,995 for a two-bed.

Three-beds start at £634,995, which includes parking as standard.

Find out more about Royal Albert Wharf here

First-time buyers Nate and Bianca in their Royal Albert Wharf home

CASE STUDY

Nate and Bianca moved into a one-bedroom apartment at Royal Albert Wharf in April 2021.

The first-time buyers purchased their home at NHG Homes’ east London scheme for £372,500 with a deposit of £56,000.

“We couldn’t find this quality and this location for the same price anywhere else,” said Nate, who works in cybersecurity in Canary Wharf.

“I started renting in central London, moved north, then east and then, most recently, south of the river – I pretty much experienced it all over six years as a tenant.

“I decided my last rental experience would be the last – I’ve rented in shared flats, and on my own, and it’s never really an easy process.

“Buying an apartment is a big deal, but the NHG Homes sales team made every moment as easy as possible.

“It was probably the best experience of buying a house you could possibly have.”

Bianca, who works in the events sector in Woolwich, added: “We looked at quite a lot of properties but struggled to find a home that ticked all of our boxes. 

“We wanted to find somewhere that gave us access to open space, fresh air and was close to the Thames, as well as giving us shorter journeys to work.

“Royal Albert Wharf was the perfect fit.”

Unusually, three-bedroom apartments come with parking space included

Transport connections certainly helped sway the couple, with Nate especially impressed by his new commute and the development’s connections to airports.

“I used to travel an hour and 15 minutes to Canary Wharf, and now it only takes me 25 minutes door-to-door,” he said.

“I also fly frequently for work – travelling to Heathrow or Gatwick was such a pain and added hours onto each journey – but now London City Airport is very convenient and perfect for business travel.

“Knowing you’re half an hour from your front door when you land makes a big difference.”

For Bianca, the quality of the apartment, its features and facilities played a decisive role in the couple’s decision. 

She said: “The apartment is really spacious, light, and bright – the layout is one of the things that encouraged us to buy here. 

“We’d looked at quite a lot of properties within our budget and this floorplan was by far the best use of space we’d come across.

“It felt so much bigger than homes of a similar size.

“We were adamant about having enough space in the bedroom, which always tends to be the smallest space in a London flat.

“There’s also so much cabinet and wardrobe space.

“When we first came to view the property, we walked in the door and it was by far the best place that we’d seen. 

“I could picture us living here immediately and planned out where everything was going to go – it was such an easy decision to make.”

Find out more about Royal Albert Wharf here

Read more: How St James’ Bow Green development is at one with nature

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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
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Property: How SO Resi Canning Town offers an escape from soaring rents

Shared ownership properties are close to transport hub providing easy access to multiple attractions

An artist’s impression of SO Resi Canning Town

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With rents in the capital continuing to soar, shared ownership schemes are having a bit of a moment.

Typically purchasing a percentage of a property while paying rent on the remainder, even when a service charge is included, is generally cheaper than renting a comparable property nearby.

The advantages for prospective buyers are many.

Chief among these perhaps are the relative security in comparison to the precarious situation of being a tenant, autonomy over the space and its decoration and crucially the ability to access the sales market with a considerably lower deposit than would be necessary to buy outright.

Canning Town is also having a moment.

The area near the station has been undergoing extensive regeneration for years with plenty of new amenities arriving and much more still to come.

Highly connected, it’s a mere two stops on the Jubilee line from Canary Wharf and enjoys direct connections to London City Airport, Excel, Woolwich, Stratford and the City.

SO Resi is about to bring these two things together.

The shared ownership brand of Metropolitan Thames Valley Housing – the fifth largest housing association in the UK – is set to unveil a collection of 37 apartments in May. 

SO Resi Canning Town’s one, two and three-bedroom homes are located at Manor Road Quarter, the latest development by the English Cities Fund – which was also responsible for the scheme at nearby Rathbone Market. 

The immediate area boasts a multitude of attractions, including craft beer at Husk, modern Italian food at Pepenero, a bouldering facility at Rise Climbing and outdoorsy activities at Bow Ecology Park and environmental community project Cody Dock.

Residents will be within walking distance of City Hall at Royal Docks, the home of the English National Ballet at London City Island and the art and heritage of Trinity Buoy Wharf.

It’s a compelling offering, even before you factor in the bustle of Stratford, the Queen Elizabeth Olympic Park, Westfield Stratford City, Canary Wharf, The O2 and Greenwich Peninsula – all within two Tube stops or less. 

Canning Town station is also a major bus interchange, meaning residents can easily access areas such as Bethnal Green, Aldgate, Walthamstow and even Romford.

This is all evidence that, with a great deal more development in the pipeline, prices in E16 are likely to rise as demand for well-connected, regenerated parts of the capital increases.

SO Resi sales and marketing director Kevin Sims

SO Resi sales and marketing director, Kevin Sims, said: “It is no secret that London has become a place where a range of buyers are being priced out – especially first-time buyers. 

“As such, the new SO Resi Canning Town scheme could be the perfect option for 2024. 

“The scheme will allow purchasers to buy a percentage share that they will pay a mortgage on, with the remainder being paid on below-market rent and then service charges too.

“A lot of people are looking to avoid the rental trap who would never be able to afford to buy on the open market – with rents rising the fastest in London. 

The Canning Town apartments will feature open-plan living areas

“One of the biggest benefits of shared ownership at SO Resi Canning Town is that deposits are often considerably lower than buying on the open market. 

“This is because you put a deposit down on the share that you’re buying – 25%, for example –  rather than the value of the whole property.

“As an example, at our recent SO Resi Hendon Waterside development, a 5% deposit on a 25% share of a one-bedroom apartment could be as low as £4,129.

“If London is a place you aim to stay in for the long term too, staircasing is a brilliant way to continue along the journey to full home ownership. 

“It’s possible to buy shares at any time – but we offer the SO Resi Plus scheme, which was pioneered by us, and has now been rolled out nationally. 

The apartments are located close to Canning Town station

“The scheme allows buyers to staircase at a gradual pace by purchasing an additional 1% share each year, which can be done at the touch of a button with no solicitors needed, making the ultimate goal of home ownership that little bit more achievable. 

“Knowing this benefit is available to you throughout your journey should give you peace of mind – a purchase as little as 1% can make a world of difference in the long term.”

Shared ownership buyers purchase between 10% and 75% of a home and pay a capped rent on the remainder.

Typically schemes offer 25% or more, however.

SO Resi Canning Town’s apartments are set to go on sale next month with a show home expected to open in June, 2024.

The apartments are set to go on sale in May, 2024

key details

SO Resi Canning Town is a collection of 37 apartments ranging in size from one-beds to three-beds.

The properties are set to come on the market in May, 2024, with prices yet to be announced.

Find out more about SO Resi Canning Town here

Read more: How St James’ Bow Green development is at one with nature

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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
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Property: How the cost of shared ownership compares with renting at Square Roots Lewisham in south-east London

Monthly outgoings for 25% of a property costs slightly less than comparable rental apartment

An artist’s impression of how Square Roots Lewisham when building work is complete

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Being a tenant in London can feel like you’re on a treadmill that it’s impossible to get off.

You work hard just to stay in the same place, with money simply disappearing from your account each month. 

For that, you get a roof over your head and a property maintained, but seldom improved.

Rent’s expensive too, making saving cash for a deposit challenging at the best of times.

It’s a precarious situation, with rent rises and landlords selling up a constant reminder that a rapid house move may always be in the pipeline, with comparatively little notice.

Without capital or the means to build it up, the dream of home ownership can easily seem just that, a fantasy. 

There is, however, another way. Affordable housing providers are increasingly holding up shared ownership deals as a mirror to renting.

Buyers can purchase 25% or more of a property with a mortgage while paying a capped rent on the remainder. 

That typically means a much lower deposit than buying outright, plus lower monthly outgoings than comparable properties up for rent.

The scheme features a communal roof garden for residents to use

“It’s the biggest selling point,” said Kate McLure, regional sales manager for south London at London Square.

“As a developer that’s all about creating communities, it was quite apparent to us that there were a large number of people in the capital who want to purchase a property but aren’t able to get on the ladder.

“Your average Londoner who works in the city often isn’t able to buy on the open market.

“That’s why we set up Square Roots as an accredited affordable housing provider, so we could offer shared ownership to those people.

“The products that we’re building are similar in terms of specification – really this is about opening up opportunities for people to get access to these homes.”

Square Roots Lewisham recently launched, a scheme of 141 apartments with one, two and three-bedroom homes available on a shared ownership basis.

Prices start at £106,250 for a 25% share in a one-bed with a full market value of £425,000.

The scheme is located within walking distance of both rail and DLR services at Lewisham station beside the River Ravensbourne. 

“The products we’re building at Square Roots are similar in specification to those we’re selling through London Square,” said Kate.

“Square Roots is really about opening up opportunities for people to be able to purchase these homes.

“The aim is that they can then staircase their share in the property until they own the whole thing.

“What we find is that a lot of people come to us who are renting privately in the surrounding areas and are paying more every month than they would on a mortgage payment and rent combined through shared ownership.”

A show home interior at Square Roots Lewisham

THE MATHS

To illustrate that point, we took a deep dive into the figures to see how the entry level one-bed at Square Roots Lewisham stacks up against a similar flat available for rent in the area.

Using Square Roots’ affordability calculator, buyers of the £425,000 one-bed can expect a monthly cost of £1,531.

That figure includes a mortgage payment of £658 based on a 25 year term with a 5% deposit of £5,313.

Then there’s £730 of rent, payable on the 75% owned by Square Roots at a rate of 2.75% of its value.

The remainder – £143 – is the estimated service charge for the 551sq ft property, at £3.13 per sq ft.

In contrast, a slightly smaller rental flat (538sq ft) at a similar distance from the station costs £1,575 per month to rent. 

Square Roots Lewisham is located close. to Lewisham Station

“The other thing you get with shared ownership, which is really quite different to private rent, is security,” said Kate.

“It’s not like being a tenant. You don’t have to ask your landlord for permission to decorate or be worried about not getting your deposit back if you put picture hooks in the walls.

“It’s your property – you can do what you want with it, even though you’re sharing the ownership with the housing provider.

“You have that stability in knowing you won’t have to move and it works out as more affordable than renting.

“At Square Roots Lewisham, we’ve been very mindful not to build too many amenities into the scheme that would potentially make the service charge too expensive for people buying here.

“It’s right next to Lewisham town centre, so there are plenty of gyms, services, shops, restaurants and bars for buyers to enjoy.

“It’s a responsibility for us to attract as wide a customer base as possible and we don’t want to price people out.

“We want buyers to have the choice about what to spend their money on after they have moved in, rather than making assumptions about what they want.”

IN FOCUS
The entry-level one-bed apartment at Square Roots Lewisham comes with a fully-fitted kitchen, balcony, open-plan living area and built-in storage in the bedroom. Here are a few quick fire facts:
- Total size: 551sq ft
- Leasehold term: 990 years
- Time to Canary Wharf: 18 minutes (from station)
- Total value: £425,000
l 
- Estimated monthly cost: £1,531
 
- Time to cycle to Greenwich Park: 12 minutes
- Train travel to Cannon Street: 20 minutes

With parent company London Square’s name an homage to the communal outdoor spaces in the older parts of the city, Square Roots offers a communal roof garden on the fifth floor of its Lewisham scheme. 

As an ongoing shared ownership partner with buyers, it will also host a customer community committee so residents will have a voice in how things are run on a long-term basis.

“It’s very much a collaborative effort,” said Kate.

“People will have a say and that say matters. I think shared ownership still needs demystifying to some extent.

“The process can seem overwhelming to first-time buyers, so I would always invite them to come and talk to us.

“We can then put them in touch with independent financial advisers who can help them to see what they can afford.”

Find our more about Square Roots Lewisham here

Read more: Why MadeFor office space in Canary Wharf is a vital part of its offering

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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
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Property: How shared ownership homes at Kidbrooke Square are surrounded by amenities and green spaces

NHG Homes scheme offers properties with deposits starting at £4,625 for 25% of a one-bed

An artist’s impression of Kidbrooke Square in Greenwich

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NHG Homes’ Kidbrooke Square development is all set to welcome its first residents in the coming months.

Set beside the wider regeneration of the Ferrier Estate, the area has been transformed in recent years with extensive house building and landscaping.

This project has seen a wealth of amenities arrive in this part of the Royal Borough Of Greenwich, including the blockbuster playgrounds and open spaces of Cator Park – a winner of the Sir David Attenborough award for biodiversity – all of which will benefit Kidbrooke Square buyers.

NHG Homes’ scheme is currently offering one, two and three-bedroom properties on a shared ownership basis, with prices starting at £92,500 for a quarter share of an apartment.

The housing association recently unveiled a one-bedroom show home on-site, showcasing the features of its homes including fully fitted kitchens with A+ energy-rated appliances, bathrooms with porcelain floor tiles and white sanitaryware as well as built-in wardrobes and storage space.

Properties feature open-plan design and boast private outdoor space (including two apartments with winter gardens). Further benefits on-site include communal cycle storage and a concierge service.

Locally, Pegler Square is home to cafes, shops and The Depot pub as well as a gym and regular food markets.

In addition to Cator Park, the open spaces of Kidbrooke Green Park and Sutcliffe Park are also within easy walking distance.

The development is located right beside Kidbrooke Station, offering rapid connections into the centre of the capital – London Bridge takes about 16 minutes, with Waterloo East three minutes beyond that. 

Shared ownership properties at the scheme feature open-plan design

Journeys to Canary Wharf take a little over 20 minutes with a change at Lewisham onto the DLR.

The area is well served by bus services and cycle routes, with trips to Blackheath and Greenwich within easy pedalling distance. 

NHG Homes head of marketing and digital, Amie Triphook-Cole, said: “Now is a brilliant time to buy at Kidbrooke Square, as residents start to move in and the community continues to grow. 

“These fantastic apartments have been designed with a sense of comfort, accessibility and sustainability in mind.”

NHG Homes said the monthly costs of a shared ownership property at Kidbrooke – where rent is paid on the portion of the property not owned by the buyer – were cheaper on average than renting locally. 

With a 5% deposit paid on a 25% share of its entry level one-bed, it estimates that cost to be £1,344 per month, dropping to £1,291, if a buyer pays a 10% deposit.

Fully fitted kitchens come with A+ energy-rated appliances
  • key details

Prices at Kidbrooke Square start at £92,500 for a 25% share of a one-bed apartment, based on a total market value of £370,000. 

The home extends to some 566sq ft and is available with a minimum deposit of £4,625 (5%).

Two-beds are also available starting at £111,875 for a 25% share. Deposits for that property would start at just under £5,600 (5%).

Find out more about Kidbrooke Square here

Bedrooms come with built-in storage

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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
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Property: How Square Roots Lewisham offers shared ownership homes by the river

South-east London scheme’s apartments start at £106,250 for a 25% share of a one-bed home

An artist’s impression of Square Roots Lewisham

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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.

The development boasts a communal roof terrace

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.

Square Roots Lewisham is set to launch a three-bedroom show home
  • 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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Property: A deep dive into interior design firm Rebirth’s approach to its projects

Company uses blending and layering to incorporate trends into its schemes that fit with client briefs

Paul Cuschieri and Malcolm Abela Sciberras, founders of Rebirth

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Refurbishing and updating the interior of a property can have myriad benefits.

The process offers owner-occupiers the chance to enjoy and use their home to its full potential while adding value should they wish to sell in the future.

For landlords, it’s an opportunity to boost and extend the appeal of their asset to attract more affluent tenants. 

Interior design specialists Paul Cuschieri and Malcolm Abela Sciberras have expanded their business to London, having established Rebirth in Malta.

Here we look at three of their projects that typify their approach when working for clients in the field.

Rebirth’s minimalist kitchen in a London flat

ONE – LONDON LIVING

“This property is a mid-century London apartment,” said Paul.

“With us, it’s all about discussing briefs, budget, timelines, style and the needs of our client. 

“In this particular project we were tasked with creating a home away from home for our client, but with the possibility of it being rented out.

“This two-bedroom home was dated, worn and tacky, so we had to bring it up to modern standards.

“Efficiency and energy conservation were also very important, so we installed double glazing and changed the central heating system to one that uses less fuel.

“We also made sure the property was in line with all relevant regulations for rental homes.

“Once all these things were set, we went into the design of the space.

Old and new – some original furniture has been retained

“We recommended going for a minimalist, eclectic feel that’s common to many of our projects. The reason is that we layer the space, creating points of interest.” 

This approach allowed Rebirth to take existing statement pieces from the property and build them into their scheme.

Malcolm said: “It gives the place more character, with different features making it feel a bit homelike.

“Our approach also enables us to include any pieces of furniture a client may want to keep and that can be restored if necessary before being incorporated into the design.

“For example, here the dining table and the chairs, a desk and a wall unit were brought back into the final design accordingly so the living area still has those elements.”

Much of the interior on the three-month project, however, was newly installed, with Rebirth also dressing the apartment ready for rental. 

“Having worked with the client during the whole process, obviously it becomes easier for us to select items that make the apartment feel like somewhere they would be comfortable living,” said Malcolm. 

Rebirth always aims to satisfy its clients’ briefs

Paul added: “The architectural elements of the space did not convey bombast – they are a bit minimalist and we wanted to respect this and the era the apartment was built in.

“We were also inspired by the feeling that the place gave us. 

“Our design aims to be timeless so it will age well and it’s also very neat.

“The kitchen units hide the new boiler system very well and the appliances are beautifully integrated, making the space feel less cluttered.

“That’s important because rental properties need to appeal to as many people as possible.

The firm also dressed the apartment, ready for occupancy

“We use layering to make our interiors feel as though they’ve been there since the beginning, rather than having designs which look too clinical that people can’t relate to.

“The principal bedroom, for example, features darker colours with a masculine feel, but softer furniture with more feminine elements to broaden its appeal.

“We wanted to make it so that when moving from room to room, each would be aligned to the overall feel of the place.

Glass is used to break up the white cabinets

TWO – TIMELESS STYLE

>> Functionality and versatility were the two watchwords for Rebirth when it came to the scheme for this three-bedroom apartment in the company’s native Malta.

Cupboards and doors to conceal functional elements are everywhere in this property hiding an oak-panelled cloakroom, for example. 

“The palette is white, white, white, so we wanted to break that down with warm materials, such as bronze or brass accents,” said Paul.

“It has a certain formality but it’s still comfortable.

“One of the things we do when it comes to trends – and at the moment, minimalism is on trend – is to adapt them.

Wooden elements are present in multiple locations

“This kitchen needed to be open-plan and to blend with the aesthetics we’ve got whites and neutral colours.

“But in order to break that up, we also have some glass-fronted cabinets to create interest.

“Then we have the engineered oak flooring which we’ve introduced throughout most of the apartment.

“Then against the white we have included accents via different textures.

“For example, we were given a healthy budget for the main bathroom so we clad the walls in marble with different shades of white and grey. 

“That’s broken up by the vanity unit with its textured front and the bespoke marble sink on top as well as the brass handles and accessories and a timber-rimmed mirror.

“We’re always looking to create balance.”

>> Malcolm added: “Our use of colour and texture depends on the design of the project. 

“Here we’ve used brass as it’s the right amount of contrast.

The principal bedroom of the property

“Chrome and silver are on a different spectrum to brass and bronze – they are colder and white is already rather cold so we can balance that with warmer shades.

“We’ve done similar things in some of the other rooms where the furniture is white but broken up with oak drawers.”

>> Paul said: “Light and lighting are also exceptionally important in our designs.

“We always make sure there is lighting at various levels with wall lights, ceiling lights and inset lights to make sure the space works during the day and at night.

“In this apartment there is a single bedroom that we designed for the owners’ daughter. 

“We created a working area as well as a sleeping area, using a visual barrier to divide the space without stopping the natural light from the window from coming into the space. 

Textures and accents in a white marble bathroom

“It’s a playful area so we were able to bring more colour in here than in other parts of the apartment to add a bit more character. 

“We also wanted something a bit grand for the principal bedroom and we continued the oak with panelling up the walls  to do that. 

“This is linked to an en suite via a glass door to let the light through – here we’re also introducing darker, more masculine tones against the feminine elements in the main room. 

“We have a marble sink that mirrors the one in the main bathroom, but this time in a dark grey with a matching floor.

“The idea is again to create a balance.” 

This two-room project saw a kitchen and living room refurbished

THREE – IN DIALOGUE

>> The final property we’re featuring from Rebirth is a two-room project.

While the company often tackles whole properties, it also takes on the refurbishment of specific spaces to add value to homes.

“This was a kitchen and living room in a duplex penthouse at a residential block in Malta,” said Paul.

“In the kitchen we’ve combined traditional Maltese styles with Scandinavian influences.

“For example, with the units we’re using warm timber tones in a modern approach to Shaker style and creating combinations which are anything but minimalistic, but still aren’t overwhelming.

While different the spaces are designed to respond to each other

“There’s a modern-looking island unit and a plain matte look for the work surfaces with a marble mosaic for the splash back.

“We’ve included different dimensions of white with elegant coving and green to bring the outdoors indoors to complement the traditional tiles.

“Once again, we’ve made sure there’s plenty of lighting with track lights, pendants and illumination over the splash back.

“It’s a dynamic space that isn’t too much.”

Colour has been used, inspired by the vibrant ceramic floor tiles

>> Rebirth’s strategy, inspired by the vibrant ceramics on the floor was not to shy away from visual complexity, but rather to frame and contain it within interior elements. 

In the kitchen, that meant a wall unit housing a wine fridge, shelving and more plus plenty of display space in the living room.

“The lounge is much more subtle – still not minimalist – but softer,” said Malcolm.

“We’ve gone for white curtains, but we’ve also included plants to make it feel like a garden.

“Once more, we’re blending – the kitchen is perhaps more masculine while the living room is a more feminine space.

“To mix that up we have the black fireplace in the lounge, while the kitchen has the round dining chairs and the floral pattern on the floor. 

“There are elements of bold black in both spaces and that helps to make sure that the transition from one room to the other really works.”

Plants have been employed to soften the space

>> Rebirth offers a full suite of interior services in London including individual room design and whole-home options.

The firm can handle full renovations including engineering tasks, right through to dressing properties ready for occupancy.

Specialising in refurbishments – hence the company’s name – the company offers everything from conceptual design to detailed drawings and renders, decor and furniture selection and project management.

While Malcolm’s background is in design, Paul is an architect by training, with the pair teaming up five years ago to go into business together.

Full details of all the properties featured and Rebirth’s services can be found here

Read more: How the SS Robin has returned home to begin a new life

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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
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Property: How Rebirth is expanding its interior design business to London

Studio specialises in refurbishing properties with a wide range of practical and aesthetic services offered

Rebirth specialise in refurbishing properties to add value to homes

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Excitement bounces between Paul Cuschieri and Malcolm Abela Sciberras as they talk about their approach to the projects they work on.

Having known each other for more than a decade, the pair joined forces in 2019 to create Rebirth, an interior design studio that brings together multiple disciplines to offer clients a comprehensive range of services.

Working in their native Malta, the pair have now expanded operations to London, recently establishing an office to cater for clients across the capital.

A full service operation, Rebirth combines architectural, aesthetic and practical disciplines to offer homeowners as wide a range of options as possible.

Specialising in refurbishments – hence the company’s name – the pair offer everything from conceptual design to detailed drawing and renders, decor and furniture selection and project management.

“Malcolm’s background is in design and mine is in architecture and we’ve joined our vision and expertise together to offer a holistic, well-balanced approach to projects,” said Paul.

“But it’s more than that, we are now providing what we call experiential design.

“We want to create something that goes beyond just being beautiful – spaces that express emotion, that have a certain character, and immediately feel like home.

“We don’t have a specific style. That’s because our work is focused on each client and their requirements are different.

REbirth was founded by Paul Cuschieri, left, and Malcolm Abela Sciberras

“Rebirth offers a boutique experience.

“We need to make sure our spaces speak their language, so that when they have guests they can see and feel that it’s our client’s space they are in. 

“As designers, we grow thanks to these projects, because we are subject to so many influences from the people we work for and our research, which helps us creatively.

“We consider our designs as pieces of living art.”

Everything for Rebirth starts with a budget and a brief.

The first is key to identify the boundaries of a scheme, while the second is where the creativity begins.

“When we’re discussing the brief, that’s when our imaginations start to run wild,” said Malcolm.

“We’re always listening to the client, of course, but having a new project is something that’s very exciting for us and the team.”

Paul added: “We start by asking our clients how much they want to invest.

“It would be useless for us to invent all kinds of designs without knowing what they can afford.

“We need to base our concept on their budget, so that’s quite an important question.

“Something we then do – although it takes a bit more effort on our side – is to draw up a skeletal breakdown of the costs.

“Whatever the budget, we create a wish-list to identify what in our proposal we consider to be a priority.

Rather than following a specific style, Rebirth’s approach is bespoke to the property

“We presume that we will have this amount for decoration, this money for services, this for furniture, this for kitchen appliances and so on.

“That gives a starting point. This is flexible, of course, because the client will have certain priorities – communication is key.”

Having completed a diverse portfolio of projects in the firm’s native Malta, Rebirth has expanded to the UK thanks to a recent project.

“We were fortunate enough that one of our Maltese clients has a property in London,” said Paul. 

“As soon as we’d finished refurbishing it, we felt that we were on the right track. We’ve always loved London, the culture and the cosmopolitan feel of the place.

“I love its history and that’s something we know about, because we work on listed properties in Malta.

“For those reasons we decided London would be an interesting place to take our services – so we’ve established an office in the city.” 

That affinity for working with historic, listed and protected properties is perhaps typified by Rebirth’s response to a brief for a client with a property at Balluta Buildings in St Julian’s.

Built in 1928 and designed by architect Giuseppe Psaila, it is scheduled as a Grade I monument on the Mediterranean island.

“It was built in the Art Deco period and was, at the time, one of the largest and most luxurious properties in Europe,” said Paul. 

“The brief was to get the apartment back to its former glory, so we had to do our research on the style and decor.

“The reason people come to us is that we make sure our schemes are layered, that the new interiors we create for a project like this feel like they’ve been there from the start.”

Rebirth works with a brief and budget for its clients

The approach goes far beyond aesthetics too, with Rebirth able to call on the engineering expertise of Paul’s father’s firm to present clients with a full suite of options.

“That means we can combine things like underfloor heating, air conditioning, central heating, lighting and fire protection with what we do,” said Paul.

“We always try to come up with challenges that we might face during a project, so we can tackle them at the design stage rather than during the implementation and risk having delays.

“As my father is an electrical engineer I’ve always been around construction sites, but decided I wanted to follow a more artistic path where I was designing and building something.

“That’s how I got into architecture and I’ve often worked on boutique-type projects with an interest in design, so it’s only natural that I’ve followed this path into interiors.”

The reasons for considering an interior refurbishment are many.

There are practical considerations, when properties require updating purely to remain functional. 

Then there are aesthetic and wellbeing concerns, where a change is needed to please the resident and ensure they are comfortable in their environment.

A refurbishment is also an investment, potentially adding significant value to a property if approached correctly.

“Number one on the list is an open-plan kitchen – that’s the thing that sells,” said Paul.

“It mustn’t look dated, it should be functioning well, organised, clean and designed with the right colours.

“The kitchen is the heart of everything and if visitors feel comfortable and welcome there, then that’s a real selling point.

“Then you have the living areas, the principal bedroom and the main bathroom.

Rebirth’s work includes the refurbishment of an apartment at Balluta Buildings in Malta

If there’s a guest bathroom, that’s a place to be a bit more adventurous and to go for a bold statement.

“At Rebirth we can tackle any one of these areas individually for a client or refurbish a whole property. 

“If we are doing single rooms, then we will always make sure our design fits with the existing home.

“We also have to make sure our designs are sustainable and that the spaces we create look after us psychologically.” 

 The overriding theme that runs through the firm’s expansion is one of anticipation.

“We get so inspired when we’re discussing everything with our clients – especially when we’re working on a different style of project and creating a nice concept for them,” said Malcolm.  

“In London, we’d love to do a Victorian house with a garden – a property with a lovely character. 

“It would be a challenge, but we’d like that and we are able to offer landscaping too.” 

Paul added: “We are, of course, a whole team. It’s not just two of us.

“But with every project we have grown and each new one is part of Rebirth’s creative development.”

Find out more about Rebirth’s services here

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Old Kent Road: How The BeCa at Ruby Triangle aims to attract first-time buyers

Developer Avanton intends to maximise value for a domestic audience at its south-east London block

An artist’s impression of The BeCa in South Bermondsey

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“Value” is the topic on the lips of David Ronson, sales and marketing director at Avanton.

We’re talking about The BeCa, the first phase of the developer’s Ruby Triangle scheme, located in South Bermondsey just off the Old Kent Road.

This £150million red brick-clad structure takes its name and inspiration from the former industrial buildings of New York’s Tribeca neighbourhood – also the reason why it’s pronounced “becca” rather than “beaker”.

The 170 apartments available for private sale within, form part of the 1,400 homes that Avanton is set to build on the five-acre site.

It’s located around 22 minutes from Canary Wharf via bus and the Jubilee line from Canada Water, but could also be on the Tube if the mooted Bakerloo line extension to Lewisham is approved. 

It’s a tough time for buyers and those selling property at the moment.

The cost of living crisis and high mortgage rates present a challenging landscape to those keen to get on the ladder and those servicing that market.

The BeCa is inspired by converted industrial buildings in New York

As a counterweight, Avanton has come up with London @Last, a three-part package of incentives aimed at first-time buyers to encourage them to purchase a home at The BeCa. 

“We’re concerned with the domestic market because you want to build a place that has a community in it – somewhere that has a soul,” said David.

“If you sell everything to overseas investors, it has only transient tenants living there. 

“Our Coda scheme in Battersea is rated as one of the best places to live in south-west London and that’s because it has a community of owner-occupiers.

“That’s what we want to do with all our developments.

“Typically first-time buyers are at a disadvantage when it comes to buying off-plan.

“The least expensive units typically offer the best rental yield for investors to pick up.

“But prospective owner-occupiers, especially those feeling the pressure of the cost of living crisis are not in a position to tie up money for long periods of time without the ability to access it.

“With some developers, that could be as much as 25% of the purchase price and that’s one of the reasons we’ve created London @ Last.”

One and two-bedroom apartments are available at the scheme

The incentives on offer are threefold, amounting to a possible £40,000 saving on a property.

Firstly, first-time buyers can exchange on a property with a 5% deposit under the scheme.

Secondly, Avanton will put in a further 5% and cover legal fees for buyers using its recommended solicitor.

This allows purchasers to take out 90% mortgages on the property rather than 95%.

Thirdly, the developer says it will guarantee a 4.99% interest-only mortgage for a year.

With rates coming down in any case, it will also likely reassess this to ensure it remains competitive.

Avanton will also pay 10% interest per year on deposit money it is holding, payable on completion.

“If your circumstances change prior to completion, we’ll give you back your money,” said David.

“If not, we’ll pay you better than a bank to hold the money for you and we’re only taking 5% as a deposit.

“It gives you the flex that, if something does happen, you have the ability to step out of the contract.” 

An artist’s impression of a kitchen at The BeCa

With starting prices for one-beds at £450,000 and two-beds at £585,000, the package presents the possibility of significant savings on the initial cost of buying a home.  

Avanton, however, isn’t only about deals in the short-term.

David said the design of The BeCa had taken into consideration what residents actually wanted from a home rather than stuffing it full of facilities they may not want to use or pay for through their service charge.

“We’ve been very conscious on this scheme regarding people’s affordability,” he said. “Some developers put in too many residential amenities within a block.

“We’re a little bit different. We look at what the key essentials are for people.

“At Coda, for example, we have some flexible workspace, meeting rooms, a small gym and a 24-hour concierge service as well as two podium gardens.

“We completed these and the service charge has now come in at about £6 per sq ft.

“If you look at the south-west market, that’s quite affordable in contrast to some developments with all the amenities under the sun, and the charge is around £13.

“If, before you’re even looking at the mortgage, you’re being hit with £10,000 of service charge a year, your average domestic buyer can’t afford it.

Many apartments will feature views over the London skyline

“That’s why some developments are primarily bought by investors from overseas who rent out these properties to transient tenants.

“It’s one of the reasons 80% of our Coda scheme was sold to owner-occupiers who want to live there and not feel like they are being charged for amenities they are not actually going to be using.

“This can be a deterrent for people considering buying into a scheme.

“With The BeCa, we’ve ensured the service charge is as low as it possibly can be. 

“We’re looking at £4.27 per sq ft and that will have a day porter, about 2,000sq ft of flexible workspace and residents’ access to three roof terraces.

“In the current market, you have to look at specific locations where buyers can see real capital appreciation. Old Kent Road is the cheapest place you can buy in Zone 2.

“Ultimately Ruby Triangle will become an extension of London Bridge and Bermondsey, where you have some of the best lifestyle amenities in London. 

“As the whole wider South Bermondsey regeneration takes place, you’ll see 20,000 new homes, 10,000 jobs, it’s going to change the place massively.”

Even with all that change, Avanton is also addressing any concerns about connectivity with a further incentive.

It’s offering buyers a free electric bike on completion, or the cash equivalent off the purchase.

Find out more about The BeCa here

Communal facilities at The BeCa

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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
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