Published 30 Nov 2018
Peabody supports recent Stamp Duty Annoucement with a selection of properties under £500,000
The average price of a home in London is nearly £700,0001, making it increasingly more difficult for first-time buyers to take their first steps on the property ladder. However, as London’s oldest housing association, we have a vast range of Shared Ownership developments available in desirable locations across the Capital priced under £500,000.
Not only does this help make owning these homes more achievable for buyers, but it also makes purchasers exempt from paying Stamp Duty thanks to Chancellor Phillip Hammond, who abolished the tax on Shared Ownership properties valued under £500,000 in the recent Autumn Budget - ultimately saving first-time buyers up to £10,000 when purchasing their new home.
We have a selection of high-quality properties available within this price bracket, located in Ealing, Lewisham, Camberwell and Stratford, including:
Ternary Place, Ealing
Ternary Place is a stunning collection of one- and two-bedroom apartments situated in the Zone 3 hub of Ealing. Considered halfway between the city and country, Ealing is proving to be a desirable location for astute first-time buyers and families, offering the perfect blend of leafy suburbia and stylish London living. Sitting just a four-minute walk from North Ealing Underground station serving the Piccadilly Line, residents of Ternary Place can reach Leicester Square and Covent Garden in just 40 minutes. An abundance of scenic green spaces surrounds the development, such as Ealing Common, which is less than a 10-minute walk away, ideal for residents looking to enjoy a weekend stroll or outdoor workout.
Prices for a one-bedroom apartment start at £118,500 for a 30 per cent of a one-bedroom apartment with a full market value of £395,000.
Vale Apartments, Lewisham
Vale Apartments is a boutique development consisting of 12 one-, two- and three-bedroom apartments. Nestled in the heart of Lewisham a mere six-minute walk to both Lewisham National Rail and DLR stations, Vale Apartments is a unique development within easy reach of the city that’s suitable for individuals, couples and families alike. All apartments are finished to a high-quality specification, including engineered oak wood flooring to living and kitchen areas, heated towel rail to bathrooms and en suites, and double-glazed windows incorporating acoustic measures.
Prices start at £128,250 for a 30 per cent share of a two-bedroom apartment with a full market value of £427,500.
The Elmington, Camberwell
The Elmington development has 21 one-, two- and three- bedroom apartments available, the ideal choice for young professionals and families looking for suburban living within reach of the City. The development’s prime Zone 2 location means that there is a host of transport options to choose from, including the Underground, Overground and bus routes. The café culture of Camberwell offers a range of popular eateries such as Malako, a buzzing vegan and vegetarian café famous for its savoury crepes, that is highly rated by Time Out.
Prices start at £114,750 for a 30 per cent share of a one-bedroom apartment with a full market value of £382,500. Additionally, prices start at £143,250 for a 30 per cent share of a two-bedroom apartments with a full market value of £477,500; and £164,250 for a 30 per cent share of the three-bedroom apartment (full market value £547,500).
Bridge East, Stratford
Bridge East, located in the vibrant Zone 2 hub of Stratford, is a modern development comprising five two-bedroom apartments. Nestled between the Bow Back River and the River Lea, Bridge East promises a refreshing lifestyle with nearby picturesque waterside walks accessible amongst the hustle and bustle of east London’s energetic scene. Being just a six-minute walk away from Pudding Mill Lane DLR station makes Bridge East the perfect commuter hotspot for those working in the City or Canary Wharf. Some of the most desirable and sought-after neighbourhoods in east London at Victoria Park Village and Hackney Wick are just minutes from the development.
Prices start at £135,000 for a 30 per cent share of a two-bedroom apartment with a full market value of £450,000.
For further information on any of the properties or to register interest, please visit peabodysales.co.uk or contact the Peabody sales team on 020 7021 4842.
For further information on any of the properties or to register interest, contact the Peabody sales team on 020 7021 4842.