Buyers Make the Smart Move South – with 60% of Shared Ownership homes already sold at Crane Court, Southmere

Southmere, the award-winning first phase of Peabody's ambitious masterplan for South Thamesmead, is quickly becoming the place to live in South East London – with 60% of Shared Ownership homes now sold in Crane Court, the latest collection of homes at Southmere.

Buyers have been flocking to the capital’s newest hotspot, which offers exceptional value for money and impressive resident amenities, as well as fantastic transport links and a buzzing cultural scene in the new public square, Cygnet Square.

With just 40% of the homes remaining in the current phase, interested purchasers can buy a 30% share of a two-bedroom home for just £118,500. Shared Ownership is a part buy/part rent scheme that makes it possible for first time buyers to purchase a property that otherwise would not have been affordable. It is a government-backed scheme launched in 2006 for people who are unable to afford to buy a home at full market value.

Through Shared Ownership, homes can be purchased with a deposit of just £5,925*, offering an affordable route onto the property ladder in Abbey Wood, a suburb which has seen the strongest house price growth in the capital following the opening of Crossrail.** Offering a unique opportunity to benefit from the capital’s newest transport route, residents can travel on the Elizabeth Line and reach Canary Wharf in just 11 minutes, Liverpool Street in 17 minutes and Tottenham Court Road in 23 minutes†. This adds to the existing transport connections which link Abbey Wood to the rest of London.

Residents at Crane Court benefit from an unrivalled selection of impressive amenities. This includes a podium garden for residents, as well as a plethora of purpose-built amenities such as a concierge service, residents’ lounge, meeting rooms and workspaces. All amenities further support the well-being of residents by providing a space to escape, focus and socialise within their new community. A communal bicycle storage on the ground floor also encourages residents to explore the local landscape on two wheels.

Homes have a high quality design and finish, offering a contemporary blank canvas for any homeowner looking to make their mark on their new home. Designed to create a contemporary feeling of space within the homes, open-plan living/kitchen/dining areas have been thoughtfully designed with clear zoned areas, while large windows extend the feeling of space within the home allowing vast amounts of light into living spaces. Underfloor heating has also been specifically chosen to maximise furniture layouts and placement within the home without compromise. Bedrooms provide space to unwind, with built-in frosted glass wardrobes in all master bedrooms and recessed LED down lights and pendent lighting for a cosy atmosphere.

With most homes benefiting from inset balconies, homeowners can enjoy this private space throughout the year and truly benefit from every inch of their home without compromise. Ensuring buyers feel secure in their new purchase, all Peabody homes have a 999 year lease as standard.

Andrew Peglau, Assistant Director of Marketing, Brand & PR at Peabody comments, “Our Shared Ownership apartments at Crane Court have seen exceptional demand since launch earlier this year, with a steady stream of enquiries and reservations continuing to come through. Buyers are seeing the value in our high-quality apartments offering unbeatable amenities, in an area offering a wealth of green spaces and beautiful waterways, while the Elizabeth Line can take residents to Canary Wharf in just 11 minutes.”

“The Private Sale homes in Swift Court and Starling Court, the first two releases of homes at Southmere, are now almost 100% occupied, while our first residents have started moving into Crane Court, so we’re excited to continue to see the community grow as more residents move in the coming months.”

Homes at Crane Court are positioned off Cygnet Square, where Thamesmead Arts and Culture Office (TACO!) has moved to - a place for people to meet, socialise and get creative with a packed calendar of events, contributing to the neighbourhood’s growing arts and culture scene. With new services and shops set to open in the near future, the square will provide places to eat, drink, socialise and shop as well as the opportunity for markets and events.

Pairing the best of blue and green living, Southmere is rare in delivering a new London neighbourhood with a lakeside setting and an abundance of green space, offering over 240 hectares of parks and green space, five lakes, and seven kilometres of canals. Currently undergoing a £2.5 million renovation, Southmere Lake will provide access to a new Boat Club, ideal for paddleboarding, kayaking or sailing.

Prices start from £118,500 for 30% share of a two-bedroom apartment (FMV £395,000) and £133,750 for a 25% share of a three-bedroom apartment (FMV £535,000).

Find more than just a place to live at: southmere.co.uk