Peabody: Help to Buy launched in South East London

One, two and three bedroom homes available at Southmere in Bexley

Last month, Peabody launched a new phase of 88 apartments through Help to Buy at their flagship development, Southmere in Thamesmead.

Recently revealed as one of the most affordable places to purchase in London, Thamesmead is perfect for first time buyers seeking value for money in the capital. An exciting time to buy in the area, prices across the London Borough of Bexley, home to Thamesmead, are predicted to grow by 26% from 2020-2024.

Through London Help to Buy, Peabody is helping to make the area even more accessible, with purchasers having the option to get on the property ladder through the affordable scheme.

Peabody’s new collection of one, two and three bedroom apartments at Southmere offer the best of contemporary city living. Elegant kitchen/living areas with extensive storage and built-in appliances extend onto spacious balconies, some of which are wraparound, while bathrooms have marble-effect ceramic tiling and contemporary oak-style panelling detail.

Lisa Crush, Director of Sales & Marketing at Peabody, comments; “Southmere is undoubtedly one of London’s most exciting developments. An early phase in the 30 year regeneration of the area, residents will see first-hand the revitalisation and transformation of Thamesmead into the thriving neighbourhood its original master-planners intended it to become. After extraordinary demand for our first launch of homes at Southmere, we have had similar demand for this new phase of apartments. There are few more affordable homes in the capital, in an area brimming with such excitement and promise.”

Residents will have access to a concierge service, residents’ lounge, meeting rooms and workspaces – part of the breadth of facilities in Cygnet Square, a new public square in the heart of Southmere. Alongside these amenities is a new library, shops, restaurants and community facilities, all sitting moments from Southmere Lake.

This iconic blue space, captured in countless film and television appearances, is currently undergoing a £2.5 million renovation and will provide new fishing platforms and a Boating and Sailing Club, offering paddle boarding and kayaking.

Southmere is already well connected to the city, with the nearby Abbey Wood Overground station making London Bridge accessible in only 22 minutes, Bond Street in 25 minutes and Waterloo in 35 minutes. With Crossrail on the horizon at Abbey Wood, commuters can expect to be in Canary Wharf in only 11 minutes. For those travelling slightly further afield, London City Airport is accessible in just 30 minutes. Residents will also have access to cycle storage, and parking spaces and permits are also available.

Prices start from £297,500, with Help to Buy available on all homes under £600,000. A new collection of Shared Ownership apartments will also be launching early 2022.

To find your place visit southmere.co.uk

Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.