Greenwich first-time consumers: shared flats in a contemporary London backyard sq. for underneath £ 100,000

0
213

After the lockdown, open space has become number one on home buyers’ wish lists – and first-time buyers can now pick up a modern, square garden-style apartment on the edge of a lovely leafy London village for less than £ 100,000.

The houses are in Greenwich Square, a new development half a mile east of the vast green expanses of Greenwich Park and Blackheath. As the name suggests, the new apartments were built around a central communal garden.

Maze Hill Train Station is just a 10-minute walk away. The 12-minute trains to London Bridge provide an easy route into town.

Alternatively, take a boat to work in Canary Wharf from the Greenwich Pier Ferry Terminal. Or hop on the Jubilee Line Tube from North Greenwich Railway Station, which is just a short bus ride away.

On the doorstep of Greenwich Square is the Greenwich Center fitness complex with a gym, two swimming pools and a coffee shop.

Modern interior: Flat shares in Greenwich Square, between Greenwich Park and Blackheath

Useful shops and supermarkets can be found near Trafalgar Road. A 15-minute walk takes you to the center of Greenwich with its beautiful historic maritime center, independent shops and cafes, an art house cinema, a bustling market, restaurants and bars.

In the other direction there is a completely different kind of neighborhood to discover: the Greenwich Peninsula, which is located in the middle of the O2 Center and offers a large number of shops, bars, restaurants and a great program of events on the waterfront.

The residential communities in Greenwich Square are sold by the housing association L&Q.

Prices start at £ 96,250 for a 25 percent share of a one bedroom apartment valued at £ 385,000. A 25 percent stake in a two bedroom apartment starts at £ 113,750 (full value: £ 535,000).

FTBGreenwich-1.jpg

Prices from £ 96,250: for a 25 percent stake in a one-bedroom apartment in Greenwich Square that surrounds a central communal garden

There are also some three bedroom apartments priced at £ 166,250 for a 25 percent stake of a house at full price of £ 665,000.

At these prices, a 10 percent minimum deposit ranges from just under £ 10,000 for one bedroom homes to just under £ 17,000 for three bedroom homes.

And of course, buyers of one or two bedroom apartments could now take advantage of the government’s stamp duty and get to the heart of their purchase costs.