AFFORDABLE HOMES
NEW RIVERSIDE QUARTER WITH STYLISH NEW AFFORDABLE HOMES AT SQUARE ROOTS LEWISHAM The Waterway Building at Square Roots Lewisham has been unveiled in the new Riverside Quarter – with a selection of exceptionally well-designed sleek apartments on offer – ready for a great city lifestyle at an affordable price
Square Roots Lewisham is offering shared ownership, with a minimum 25% share from £103,750 for a one bedroom apartment. Becky Boden, Head of Sales South, said, “Square Roots Lewisham offers an amazing opportunity to live close to central London in a beautifully designed, high- quality new home that’s affordable. Square Roots Lewisham is part of an extensive regeneration of the town centre, where significant investment is being made. This is excellent news for buyers who are looking for a home they can afford in a great location in the capital.” The collection of 141 one, two and three bedroom affordable apartments all feature a private balcony or terrace. Residents on the upper floors will have outstanding views across the London skyline or over the development’s landscaped grounds below, part of the new riverside quarter next to the Ravensbourne River, with landscaped grounds, play areas, a communal podium terrace, plus retail and office space. The apartments are high specification with open-plan living areas, beautifully designed kitchens and bathrooms, plus space for working from home stations with high speed Wi-Fi. There is cycle storage, wireless door entry via a handheld device, a 10-year NHBC warranty and a two-year Square Roots Customer Service Warranty with its award winning team. Square Roots Lewisham is a seven- minute walk to both Lewisham railway station and the DLR, with excellent links to Canary Wharf taking 18 minutes and Greenwich in just six minutes. Southeastern offers rail links into London Bridge taking eight minutes and Charing Cross and Cannon Street take less than 20 minutes. Lewisham has lots of green spaces across many local parks, and a cycle route which follows the Pool and Ravensbourne
Rivers, or cycle to historic Greenwich Park. The town centre has a thriving food and drinks scene, good shops with high street brands and independent stores, and a strong cultural scene with Lewisham Arthouse, independent theatres and cinemas and nearby Ladywell Village, with its independent cafes and shops.
selling your home before buying your new shared ownership home. Our expert team will guide you through every step of the buying process. THE SQUARE ROOTS STORY Square Roots, the independent affordable housing provider established two years ago by award-winning residential property company London Square, plans to deliver 3,500 homes over the next five years to help address London’s housing shortage. London Square is the developer, in partnership with Square Roots. Square Roots now has 1,000 homes under construction across five London boroughs. Its first development, Square Roots Kingston, won two major accolades – the Evening Standard New Homes Awards for Best Shared Ownership Scheme and the First Time Buyer Readers’ Awards for Best Medium Development. Now, Square Roots Lewisham has been nominated for Best Large Development in the 2024 First Time Buyer Readers’ Awards. To visit the show home and find out more, call Square Roots Lewisham on 0333 666 2535 squareroots.co.uk
HOW DOES SHARED OWNERSHIP WORK?
You start by buying a share of the property (usually between 25% and 75%). This helps to reduce the deposit and mortgage amounts you need to pay to get on the property ladder, as you are only borrowing what you can really afford.Your deposit will be 5-10% of the share value you decide to buy, not the full market value of the whole shared ownership property. You pay rent on the remaining share of the property you have not yet bought, at less than the rate charged on the open market. You can gradually increase the share you own in your home until you own it outright.You need to be earning less than £90,000 in London and you will need to be a first time buyer or be in the process of
76 First Time Buyer August/September 2024
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