Peabody Online Event: The Ins and Outs of Shared Ownership at Southmere
On Thursday 28th July, Peabody will be hosting a webinar on everything buyers need to know about purchasing a home through Shared Ownership at Southmere, one of the first milestones in Peabody’s award- winning regeneration of Thamesmead.
The online event will offer potential buyers valuable advice on the part buy, part rent Government scheme and offer more information on the benefits of buying at Southmere and what to expect from the home buying journey with Peabody. By attending the webinar, potential buyers have the opportunity to book a one-to-one appointment with the sales team and take their pick of the range of homes available. Following this, attendees of the webinar can receive an exclusive £1,500 towards legal fees when they exchange on their new home.*
All 2 and 3-bedroom apartments at Crane Court are available to purchase through Shared Ownership, a scheme which lowers some of the financial barriers associated with buying a home. Through Shared Ownership, purchasers can buy a minimum 30% share of a home at Southmere and pay rent on the remaining portion. A testament to its affordability, the Shared Ownership apartments could be purchased with a deposit of just £5,925**, and naturally has seen huge interest from London’s first-time buyers.
Residents currently have direct access to an exclusive podium garden and will enjoy purpose-built amenities*** including a concierge service, residents’ lounge, meeting rooms and workspaces, offering exclusivity and value for money for those living at Southmere, a real rarity for Shared Ownership developments. Southmere is also home to a brand new public square and community library.
Homes at Southmere offer open-plan living/kitchen/dining areas have been thoughtfully designed with clear zoned areas to maximise space within the home, whilst significant kitchen space and ample storage is ideal for any Londoner and households of all sizes. Demonstrating the quality, all homes include in-built and integrated appliances as standard as well as large windows into living spaces; filling rooms with daylight and views across the lake, podium gardens or communal square to most homes.
Buyers at Southmere benefit from fantastic transport connections across the capital. An exciting addition to Thamesmead, the newly opened Elizabeth Line allows residents to be in Canary Wharf in 11 minutes and in London Bridge, Stratford or Liverpool Street in less than 20 minutes, dramatically cutting journey times. Nearby Abbey Wood Overground station is also less than a 10-minute walk from the homes, providing residents with even more excellent links to the heart of the city.
To register for the webinar visit: Webinar Registration - Zoom
Prices for 2 bedroom apartments start from £118,500 for 30% share (FMV £395,000) and £160,500 for a 30% share of a 3 bedroom apartment (FMV £535,000).
*T&Cs: Attend Southmere Shared Ownership webinar on Thursday 28th July, reserve within 5 days of viewing and exchange within 28 days of legal contracts being dispatched to your solicitors, to receive £1,500 towards legal fees when you exchange. £1,500 legal fee contribution is redeemable upon completion of your property. Offer subject to use of our panel solicitors. Additional T&Cs, affordability and eligibility criteria may apply. Speak to a sales advisor for more information.
**Based on a 2-bed apartment at £118,500 (30% share of full market value £395,000) and a 5% deposit on the share purchased. Figures are indicative example only, you should speak to an Independent Mortgage Advisor before taking out a mortgage.
***Amenities due to open early 2023.
