Affordable Homes

Castilla – Affordable living in Zone 1

Castilla, a shared ownership development by leading London housing provider Peabody, is the latest selection of homes arriving at Elephant & Castle, offering 64 one and two bedroom apartments through the popular scheme

With 75% of properties sold to date, Castilla is proving extremely popular with first time buyers. The development is at the centre of a thriving community with a revitalised town centre, more green spaces and an additional 450,000 sq ft of retail space adding to Elephant & Castle’s energetic, strong culture and heritage.

Castilla is part of UNCLE Elephant & Castle, a development offering a large selection of private apartments for rent along with a new home for the Southwark Playhouse theatre. For those looking to explore the arts, the Southwark Playhouse offers a plethora of independent plays and revivals within the development, allowing residents to be at the centre of a thriving artistic community.

The area benefits from a vast range of international cuisines – the La Bodeguita Latin American grocery store, restaurant and deli being a culinary landmark. Other popular bars, restaurants and street food options include Mercato Metropolitano and Toulouse Lautrec. The area also offers residents a variety of entertainment options, including cinemas, theatres and a global clubbing scene – ideal for those looking to experience London’s night life.

Just a four-minute walk from the Elephant & Castle rail and tube stations, Castilla provides residents with easy access to the rest of London and beyond. Bank station can be reached in five minutes via the Northern Line while the Bakerloo Line sees keen shoppers reach Oxford Circus in just 10 minutes.

All apartments at Castilla come with their own private outdoor space – many of which have views across London’s impressive skyline – as well as spacious interiors. Finished to a high specification, the apartments come complete with underfloor heating and all residents will have use of the 24-hour concierge service in the lobby of the development. Peabody is also offering a free gym membership incentive, where residents will be entitled to free local gym membership for up to twelve months*.

Andrew Peglau, Head of Marketing at Peabody, said, “Peabody is proud to provide first time buyers with a unique opportunity to live in Zone 1 through shared ownership. Residents at Castilla will not just benefit from a fantastic new home but also the thriving Elephant & Castle community right on their doorsteps. We’re also pleased to now offer free gym membership on all available apartments. Castilla has proved to be highly popular with first time buyers so far, and we anticipate the remaining homes will be snapped up quickly.”

Prices start at £112,500 for a 25% share of a one bedroom apartment and £143,750 for a 25% share of a two bedroom apartment, with just a 10% deposit.

For further information or to register interest, please visit or contact020 7021 4842

*Includes one membership per household

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