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Case Study: COUPLE ESCAPE RENTING RUT WITH HELP TO BUY

Friday 8th July 2016

After renting in London for over 10 years, Adam Richardson and Maya Wittleton were desperate to take that first step onto the property ladder and buy a place of their own. With the help of Peabody and the government’s Help To Buy scheme, in January this year the couple realised their dream and purchased a one bedroom apartment at Carters Yard, Wandsworth. 

Before moving to Wandsworth, Adam (34) a Metadata Executive at BBC Worldwide and Maya (34), a Deputy Head Teacher previously lived in East London. Adam explains their decision: “Nightlife and culture were important to us when renting in our 20’s; this changed when we reached our 30’s as we wanted a slight change of pace. We finally saved our deposit and started to look into buying. Our rental home in Bethnal Green was near a large Peabody estate with red brick buildings from around the late Victorian turn of the century. A knowledgeable friend, who is an architect, pointed it out to us and gave some background knowledge about Mr Peabody and the company. This kept Peabody at the forefront of our minds when searching for a Help to Buy property.”

On the 5th January 2016, Adam and Maya received the keys to their new £460,000 one bedroom apartment, having put down a 5% deposit of £60,000 and receiving a further £23,000 equity loan from the government. Maya says: “Help to Buy enabled us to buy a property with a better specification. We already had a reasonable deposit but without Help to Buy on top, we probably would have got a much smaller flat on the outskirts of London.  Overall, Help to Buy allowed us to get a higher quality property, in a better location.”

Adam describes the main features that drew him and Maya to Carters Yard, “The location is great and there is a lot of promising redevelopment in the area”.

Adam and Maya’s apartment, along with many other homes at the development, is set around a private courtyard. In addition, with the couple’s one bedroom apartment located on the 6th floor, they benefit panoramic views over the City. All homes offer open plan living space, modern fitted kitchens and bathrooms, as well as a private terrace or balcony. 

The development’s enviable SW18 postcode also offers a number of shops, restaurants and cafes, green open spaces and excellent transport links into central London. With both Adam and Maya having to commute to work in Chelsea and White City, transport routes were essential. 

Adam comments, “East Putney underground is only a 10 minute walk away which serves the District Line, and Clapham Junction Station is only a few minutes away by bus. These transport links are vital for our daily commutes; door to door I can get to work in about 45 minutes and Maya gets to work via two buses in about half an hour. This was one of the main factors that influenced why we moved to Carters Yard from Bethnal Green as our travel time was so much longer going from East London to our offices in the West.”

Carters Yard is just moments from the Southside Shopping Centre, with Planet Organic, Waitrose, Topshop, Cineworld and a Virgin Active gym as well as restaurants and cafés to suit all tastes. The couple are just short walk to The Old York Road with its unique range of independent, artisan and high street brands. Westfield in Shepherd’s Bush and the attractions of the West End are also easily accessible.

Two bedroom apartments and three bedroom penthouses remain at Carters Yard with prices starting from £580,750. Please visit cartersyard-sw18.com or call 0207 354 7042 for further details.

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