THIS AWARD WILL BE LOOKING FOR SMALL DEVELOPMENTS THAT HAVE USED THE BEST DESIGN AND QUALITY TO CREATE DESIRABLE, AFFORDABLE AND INSPIRING ENVIRONMENTS IN WHICH PEOPLE WISH TO SET UP THEIR FIRST HOME. THIS AWARD IS FOR SCHEMES OF UP TO 80 HOMES. BEST SMALL/MEDIUM DEVELOPMENT
HEXAGON HOUSING | 3 CHALKSTONE LANE
At 3 Chalkstone Lane, a new benchmark is set for design-led first time buyer homes, combining architectural quality, sustainability and affordability within a boutique urban development. Located in leafy Blackheath, part of a wider 63-home scheme by Vabel, 32% of the homes are delivered as affordable, including six stylish one, two and three bedroom Shared Ownership apartments from £100,000 for a 25% share with Hexagon Housing Association. The development’s characterful contemporary architecture draws on local Victorian and industrial references, softened by abundant greenery, private balconies and a landscaped rooftop garden. Interiors are light-filled, practical and stylish, featuring generous layouts, underfloor heating and high-quality materials. Sustainability is embedded via a ground source heat pump and MVHR systems, reducing environmental impact and energy costs. Beyond homes, 3 Chalkstone Lane fosters community through flexible workspaces and studios supporting creative enterprise. Delivering design quality usually reserved for private developments, it sets a new standard for first time buyer living.
HYDE NEW HOMES | PARKSIDE TRIANGLE
Designed with first time buyers in mind, Parkside Triangle by Hyde New Homes is set in Waddon, a family friendly neighbourhood within the London Borough of Croydon. Built alongside the scenic surroundings of Duppas Hill Park, the wide range of designs offer an affordable route on to the property ladder through Shared Ownership. The layout of the development gives the sense of a close-knit, family friendly environment that encourages everyday interaction, while retaining a sense of space and openness. The Zone 5 location, new pedestrian links to the railway station and on-site nursery makes Parkside Triangle’s location perfect for commuters and parents. What makes this development unique is its biodiversity credentials, with a host of features to protect, increase and support plants and wildlife in the area, including a growing garden to cultivate vegetables and peaceful outdoor areas with a focus on a natural retreat for residents and the local community.
PEABODY | ST OLAVE’S
Located between the historic area of Rotherhithe and the rapidly changing Canada Water in the London Borough of Southwark, St Olave’s is a Peabody Shared Ownership-led development that demonstrates how high-quality design and genuine affordability can be delivered through a small-scale scheme. Completed in late 2025, it provides 48 Shared Ownership homes within a 100% affordable, 62-home development, transforming a long-vacant site into a desirable home for first time buyers to settle. Homes have been carefully designed to prioritise space, light and liveability, offering a wide range of layouts and generous private outdoor spaces that elevate the Shared Ownership offer. Affordability was central to the scheme’s success, with monthly costs on average £750 lower than local rents and deposits from under £12,000. Strong sales performance demonstrates the scheme’s impact, with over 80% of Shared Ownership homes sold off-plan and more than 60% purchased by first time buyers, many of whom are from the Southwark borough.
READERS’ AWARDS buyer
60 First Time Buyer August/September 2026
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