Joint venture by Peabody New Homes and Lovell in south-east London has seen more than half the apartments in its second phase sold
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There are reasons that more than half of the homes for private sale in the second phase of the Southmere development have sold in a little over three months.
Peabody New Homes and Lovell’s joint venture in Thamesmead is proving popular as the area takes regenerative steps on a path that’s forecast to see 100,000 people move in by 2050.
“Providing lakeside living with Zone 2 convenience, we are excited to be selling our new phase of highly anticipated homes at Southmere,” said Raquel Soares, assistant director of sales strategy, intelligence and compliance at Peabody.
“Located at the heart of Thamesmead’s vibrant regeneration, Lakeshore and Skyline are set to the backdrop of gorgeous green and blue spaces, exciting new amenities and exceptional transport links.
“With properties in regeneration areas typically seeing an additional annual sale price performance of 4.3%, Southmere is inviting buyers to invest in a growing community.
“Now available to reserve, those hoping to find their place in this up-and-coming destination can contact us via the website now and take advantage of the Stamp Duty contribution of up to £22,000.”
on the edge of the water
The scheme’s second phase comprises a pair of red-brick buildings on the edge of Southmere Lake – Lakeshore and Skyline.
Together these house a collection of 192 one, two and three-bedroom apartments and duplexes available for private sale.
All properties come with outdoor space (including some with multiple balconies) in addition to features such as Silestone worktops in the fully fitted kitchens alongside blue and green units – a theme that carries over into the homes’ bathrooms in a scheme intended to reflect the blocks’ surroundings.
Southmere sits in 590 acres of green space and is part of a £2.5million regeneration project of land around the lake.
amenities at Southmere
The scheme includes a newly created public plaza – Cygnet Square – as well as amenities such as The Nest Library And Community Space, a Co-Op, an Anytime Fitness gym, a health centre and a dentist.
Also local, the Thamesmead Arts And Culture Office provides spaces for a wide range of arts events, as well as hosting a coffee shop, bakery and deli and The Lakeside Centre contains 38 artists studios, a creche and a cafe.
Perhaps the most compelling reason for moving to Thamesmead, however, is the Elizabeth Line, connecting the area via its Abbey Wood station across the capital like never before.
Canary Wharf is 13 minutes away with the City just 20 minutes direct.
What buyers who make those journeys will find at Thamesmead is plentiful open space and waterside living.
The wider regeneration project’s aim, in addition to providing housing and amenities, is also to safeguard and enhance the area’s natural beauty including nature reserve, Tump 53, the ancient trees of Lesnes Abbey Woods and 18km of riverside walks and 7km of canals.
Together, these all add up to give Southmere residents access to more than double the amount of green space than the London average.
Simon Ginsburg, head of sales at Lovell said: “We’re really excited for Southmere Phase 2 on the beautiful lake front in Thamesmead.
“Our vision is to create amazing places where people want to live and a lakeside view in London on the balcony is truly a rare find.”
key details: Southmere
Prices for apartments at Southmere start at £350,000.
Shared ownership properties for the second phase of the development are set to launch in 2026.
Find out more about the development here
Read more: Amazing Grace set to open second location in Canary Wharf
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