AFFORDABLE HOMES
NEW CENTRAL LONDON LIVING FOR A FRACTION OF THE COST: INTRODUCING PARKSIDE BY NHG HOMES A development of new homes in the heart of the capital is putting living in central London within the reach of London’s first time buyers. ParkSide in Southwark is an inspiring new neighbourhood on the fringe of Zone 1 designed around squares, green spaces and community facilities alongside the borough’s largest park
With an average apartment price of more than £1m, many young Londoners have assumed that homeownership in Zone 1 is beyond their reach.¹ ParkSide aims to challenge that, presenting a realistic opportunity to buy high-quality new homes courtesy of an innovative partnership between Notting Hill Genesis and Southwark Borough Council.
ParkSide will provide 11 homes for private sale, along with 75 one and two bedroom apartments and two and three bedroom maisonettes available through Shared Ownership.With Shared Ownership, buyers can purchase a share of their home initially with
more affordable by taking the cost of white goods out of the equation. A freestanding washer-dryer is also provided, sited in a utility cupboard to reduce background noise in the home. The thoughtful design adds to the appeal, as does the homes’ future potential. ParkSide offers buyers the chance to be part of an early phase of a masterplan that will ultimately deliver around 3,600 homes (50% of them affordable), representing excellent potential for investment growth in inner London. The proposed extension of the Bakerloo Line, which would include a station at Burgess Park (opening in the late 2030s/early 2040s if funded and approved), adds to the area’s longer-term potential. Prices at ParkSide by NHG Homes start from £107,500 for a 25% share of a one bedroom apartment with a full market value of £430,000.
place as an important location for local heritage, sport, wildlife, horticulture and
a smaller deposit and initial outlay than buying outright, then grow their share of ownership over time, should they choose to. The buyer pays a subsidised rent on the share they don’t own. Making homeownership affordable at ParkSide is a core part of the vision for the local community. Part of a wider regeneration masterplan, ParkSide heralds a new era of pride and prosperity for a much-loved corner of south London. This vision is to create a place that everyone, from every background, will choose as their home. Community is key, with the entire neighbourhood designed as a place where residents can flourish in the heart of the capital in a sought-after London location. The new homes at ParkSide will launch for sale in April, with buyers able to move in from autumn 2026. They are located beside Burgess Park – the largest park in Southwark with facilities to rival London’s famous Royal parks. An £8m transformation completed in 2012 secured the park’s
leisure time. Facilities include cafes, play areas for children of different ages, water play jets and outdoor cooking facilities in the summer, pitches for football, rugby and cricket, tennis courts, a basketball court, a BMX track, an outdoor gym and more. ParkSide embraces this vision of living closer to nature while also providing easy access to bordering fashionable neighbourhoods such as Camberwell, Bermondsey and Elephant and Castle. The new ParkSide properties befit the aspirational location, with every home providing private outdoor space, underfloor heating, Amtico flooring and Terrazo feature tiling in bathrooms. Kitchens are fern green and ice white, echoing the homes’ natural setting and featuring ice white stone composite work surfaces and matt black finishes. They include a fan oven, induction hob, microwave, dishwasher and fridge-freezer, making buying a first home
Visit nhghomes.com/parkside for more information
rightmove.co.uk/house-prices/zone-1-93817.html
32 First Time Buyer April/May 2026
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