LOCATION
FACT FILE
Average property price in Southwark (March 2025) – £593,888 Property breakdown* Detached – £1,694,463 Semi-detached – £ 1,211,718 Terraced – £831,210 Flat – £495,285 *According to the Land Registry House Price Index
HOMES ON THE MARKET...
FAMOUS RESIDENTS
• Actor and producer John Boyega • Actress Susan Wokoma
• Boxer Julius Francis • Actress Claire Foy • Footballer Rio Ferdinand
PECKHAM SO Resi Peckham
Begging Bowl on Bellenden Road are local favourites, along with Mr Bao and Old Spike Roastery in Peckham Rye. Head to Old Kent Road for authentic Algerian baked goods at El Marsem or fantastic topped naans at London Fresh Naan. Peckham’s nightlife doesn’t disappoint; for a start, you’re close to Bermondsey’s popular beer mile – now nearly two miles! Too much? Take your pick from a range of restaurants, pubs, music venues and trendy bars.The CLF Art Cafe (aka the Bussey Building) is home to the Bussey Rooftop Bar, while just across the railway line, rooftop bar Frank’s Cafe offers fantastic sunset views from the top of Peckham Levels, a former multi-storey car park. The arts play a key part in Peckham’s appeal, and nowhere is this more evident than at Peckham Levels. Now a multi-use creative space, studios and street food hall, it is also testament to the impressive community spirit in Peckham.Threatened with redevelopment by Southwark Council, after much protest it was repurposed and is now an important community hub. It is also home to Bold Tendencies, who offer world class performances in a carpark; Peckham’s answer to the Barbican.The CLF Art Cafe also hosts a variety of events. Elsewhere, the South London Gallery (SLG) in Peckham Road is a leading contemporary art gallery with world-class exhibitions right on your doorstep. Finally, head to Peckhamplex (surely the cheapest cinema in London at just £5.99 for any ticket) which shows mainstream, art house, foreign language and independent films on six screens.
With news of the long-awaited Bakerloo Line extension a hot topic in late 2024, locations along the new arm of the line are set to be in the limelight this year. One such stop is Old Kent Road in Peckham which will meet demand for new homes on the proposed line, with SO Resi (part of Metropolitan Thames Valley Housing) offering a collection of 113 homes available with the London Living Rent and Shared Ownership schemes. The 113 brand new apartments at SO Resi Peckham, located on Old Kent Road, are now available to reserve off-plan, with completion expected in autumn/winter 2025. Homes of both tenures will offer bright, airy and sociable open-plan living spaces equipped with Zanussi appliances, all coming with balconies or terraces as standard. SO Resi Peckham will be a car- free development offering cycle storage in a secure, purpose-built store for residents’ peace of mind and with an Aldi store on the ground oor. There are 81 apartments available to purchase through Shared Ownership, which enables buyers to purchase a share in the property, paying a mortgage on the part that is owned by them, and a monthly rental payment on the share they do not own. Example prices will start at £425,000 for a one bedroom apartment (full market value) with deposits starting from just 5% of the share. As an example, for a 25% share in a one bedroom apartment, prices can start from £106,250. Prospective renters looking for a more permanent home can also move to SO Resi Peckham using London Living Rent (LLR), where 32 apartments are available through this scheme. LLR offers rents at a discount of approximately one third of the local median household income on a three-year contract. Tenants will be encouraged to use the savings from the discounted rent to save up for a deposit, to purchase the property using Shared Ownership at the end of the rental term, with the view that all homes will be sold in 10 years. Peckham is renowned for its bustling shopping streets, offering independent shops, coffee houses and Rye Lane Market. Within a stone's throw from the development are green open spaces such as Brimmington Park, with its outdoor gym, walking trails and playpark as well as Burgess Park, which offers a BMX track, sports centre, tennis courts and playparks plus a shing lake. In terms of transport, SO Resi Peckham is located between Queens Road Peckham and New Cross Gate Overground stations serving the Windrush Line, and bus routes from Queens Road Peckham station with regular services to Elephant & Castle and Battersea Park. Currently available at SO Resi Peckham is a collection of one, two and three bedroom apartments, available from £425,000 (full market value) on the Shared Ownership scheme. Priority will be given to applicants who live or work in the London Borough of Southwark.
To nd out more, visit sharedownership.co.uk
*Based on a 25% share of the full market value of £425,000
First Time Buyer August/September 2025 47
Made with FlippingBook - Online catalogs