Peabody is delighted to announce that we will be working in partnership with developers Berkeley homes South East London to deliver 328 new affordable homes.
The site called Stephenson Street is part of a major multi-phase regeneration of West Ham Station and the wider area.
Stephenson Street sits adjacent to West Ham Station and benefits from excellent connections and served by the Jubilee, District & Hammersmith Lines in zone 2.
Development address - Stephenson Street, West Ham, London, E16 4SB.
Peabody will deliver 229 Shared Ownership homes at Stephenson Street
As part of the deal, Peabody will deliver 229 Shared Ownership homes as well as 99 affordable rented homes as we continue with our mission to help support first time buyers onto the property ladder.
The Shared Ownership homes at Stephenson Street will be made up of Studio, 1, 2 and 3 bedroom homes, with the vast majority of the public realm for the multi-phased development coming forward in Phase 1. The homes will also benefit from the improved infrastructure and access to West Ham Station. The first phase is due to be completed by the end of 2023.
Matthew Cunnah, Senior Land Manager for Peabody comments, “Stephenson Street will deliver 328 affordable homes (99 rented) over a 5 year programme and will be the start of a much needed multi-phased regeneration of this part of London. It also provides an affordable price point for shared owners to enter the market in one of London most affordable boroughs."
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