Pocket Living: Get on the property ladder with Discount Full Ownership
Affordable homes for first time buyers across London
Pocket Living is making homeownership possible for first time buyers who have lost hope of buying a home in London. The developer builds well designed, cut price flats in desirable areas across London, only selling them to those who meet the eligibility criteria.
So, who qualifies for a Pocket home? Generally, it’s local first time buyers on middle incomes, although the eligibility criteria varies from site to site. All of the homes are discounted by at least 20% compared to the local market, making them more accessible for aspiring homeowners in London, and they are 100% ownership (so there’s no rent to pay each month, just the mortgage and service charge).
Pocket homes feature award winning design, and space is expertly planned to maximise every square inch. Each containing an open-plan kitchen/living room, a double bedroom and a wet room with a walk-in shower, they make ideal first time buyer homes without any compromises.
As Pocket homes are sold exclusively to first time buyers, the developments have a unique community spirit, which drew Bolu Sofoluwe, 25, to buy a Pocket home at Harbard Close IG11 in Barking last year.
She discovered Pocket Living at the Share to Buy‘s London Home Show; “When I came across Pocket Living, I was honestly shocked. I just didn’t think you could find anything at that price in London. I also fell in love with the concept and how Pocket prioritises key workers and people from certain industries. I registered as soon as I got home!”
Prior to finding Pocket, Bolu spent hours browsing on property websites to find something within her budget. She had started to consider leaving London when she came across Pocket; “I couldn’t miss the chance to own a new build in London. I saw the show flat and was amazed by how spacious it was. A favourite feature is the development’s Garden Room – an extra space you can book to work, entertain friends or do yoga – as well as the shared gardens.”
Every Pocket development has ample shared spaces to foster a sense of community amongst residents, who are all in a similar life stage; “As most residents are single and live by themselves, they are more open to making friends and getting to know their neighbours. It’s a genuine community.”
Pocket homes have tall ceilings, ample storage, and full-height windows to maximise light. They have space for a dining table and working from home, and many developments have communal roof terraces and indoor co-working spaces.
Pocket Living’s latest development in Croydon, Addiscombe Grove CR0, has an impressive range of shared spaces, including a 9th floor landscaped communal roof terrace, a 20th floor Nordic Garden and a 21st floor Hidden Garden, with fantastic views across South London and towards central London. Other amenities include cycle storage, a residents’ lounge, a co-working space and a wellness room, all equipped with Hyperoptic Wi-Fi.
Pocket developments are always located in sought-after areas of London with great access to transport links. Addiscombe Grove CR0, for example, is just minutes from East Croydon Station and around the corner from buzzing BOXPARK and a vast arrange of shops, restaurants, cafes, bars and parks.
Later this year, Pocket Living will be launching discounted homes for sale in Barnet and in Leyton, with schemes in Greenwich and Walthamstow following in early 2023.
Register with Pocket
Specialising in building compact discounted homes in convenient locations, Pocket homes are a fantastic option for first time buyers on middle incomes. If you’re interested in these 20% discount, 100% ownership homes, register on the Pocket Living website to receive updates on upcoming homes.
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.