Southmere, Thamesmead: First Phase Selling Fast in London’s New Town

Following the successful launch at the end of March, over 70% of homes within the first phase in Swift Court at Southmere, Thamesmead, have already been reserved. Just a limited amount of the 47 one, two and three bedroom apartments now remain, with the next phase of homes launching soon due to the extremely high demand.

Offering exceptional value in the capital buyers using the full 40% London Help To Buy equity loan could be looking at monthly mortgage payments of just £700 for a two bedroom apartment (FMV £430K) and £900 for a three bedroom apartment (FMV £547K).*

Lisa Crush, Director of Sales & Marketing at Peabody, comments; “We’ve had a strong response to our first phase and we’ve already had multiple enquiries and reservations for our next block of 88 private sale homes, in Starling Court.  

“We will be launching 100 Shared Ownership homes later this year – including both apartments and townhouses. These are positioned off Cygnet Square which is at the heart of Southmere, where we’ll be launching a series of cultural events from summer onwards. Our cultural projects, which are currently underway, will continue to grow and we’re excited to invite new residents into this community in the coming months.”

Homes are designed with modern city living in mind; elegant kitchen/living areas with extensive storage and built in appliances extend onto spacious balconies (some of which are wraparound), while bathrooms have marble-effect ceramic tiling and contemporary oak-style panelling detail. Along with lakeside views to most homes, residents will also have access to a concierge service, residents’ lounge, meeting rooms and workspaces.

The lakeside village of Southmere offers prospective purchasers the opportunity to buy at the very start of the wider Thamesmead vision, which will transform the district famed for its brutalist architecture and silver screen appearances into a new town for the capital. Southmere will ultimately deliver over 500 new homes – of which 55% are affordable – alongside a public square and library with community facilities, shops and resident amenities.

Already a dynamic and exciting community and home to creatives with a regular programme of co-designed activities and community initiatives in place, Southmere is set to become a buzzing hub at Thamesmead. The iconic Southmere Lake, which is currently being revitalised, will provide new fishing platforms and a Boating and Sailing Club, offering paddle boarding and kayaking.

Southmere is already well connected to the city, with the nearby Abbey Wood Overground station making London Bridge accessible in only 22 minutes, Bond Street in 25 minutes and Waterloo in 35 minutes. With Crossrail on the horizon at Abbey Wood, commuters can expect to be in Canary Wharf in only 11 minutes. For those travelling slightly further afield, London City Airport is accessible in just 30 minutes. Residents will also have access to cycle storage, and parking spaces and permits are also available.

Prices begin at £312,500 for a one bedroom home, £400,000 for a two bedroom home, and £547,000 for a three bedroom home. Help to Buy is available on all homes under £600,000. To find your place visit Southmere.co.uk