Thursday, December 1, 2022
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Shared ownership homes launch in London’s borough of culture

Getting on the property ladder is the ultimate goal for first time buyers and while many desire to achieve homeownership status independently, the majority struggle to save the deposit they need without leaning on the Bank of Mum and Dad – now the ninth biggest lender in the UK¹. For those determined to purchase their first property, Peabody’s latest collection of shared ownership homes at Arden at Parkside could be the key to a new home

Located in Lewisham, which was crowned London’s Borough of Culture 2022, Arden offers a superb selection of studios and apartments alongside an equally outstanding set of on-site amenities and green space. Buyers who choose to call Arden their home will be well positioned to enjoy the historic charms of Greenwich, the open spaces of Blackheath, as well as a whole host of fun celebrations taking place across Lewisham borough. 

Through shared ownership, buyers at Arden can initially purchase a percentage share of a studio, one bedroom apartment or two bedroom apartment, with the opportunity to buy further shares up to outright ownership in the future. The flexibility of shared ownership enables buyers to purchase a property with a much smaller deposit, making it a perfect option for first time buyers to own a home that would otherwise be out of reach.

Bordering the popular and trendy districts of Deptford, Greenwich and Blackheath, Arden is a landmark regeneration development that has transformed the former Heathside and Lethbridge estate into a vibrant new neighbourhood offering more than 1,200 new homes, a community hub, cafe and nursery, enveloped by lush landscaped communal gardens and mature woodland.

Residents can also enjoy access to an enviable range of on-site amenities which include a concierge service, a co-working hub with high-speed wireless internet, charging stations and a refreshment point – the ideal place to work away from home and the office. A cinema-style “snug” is a cool place to have a catch-up and watch a movie with friends or just relax at the weekend, while for residents who enjoy getting a sweat on, a fitness suite with a free weights area and yoga studio creates the perfect environment to indulge in an hour or two of wellness and wellbeing.

Each of the stylish shared ownership studios and one and two bedroom apartments have been expertly designed with a high-quality specification throughout. From first time buyers keen to soak up the energetic south east London venues, to City commuters wanting an affordable way to get on the ladder and capitalise on the excellent transport links, sprawling green spaces and local schools in the area – whatever the wish list, Arden is sure to deliver. 

Each home features an impeccable bespoke interior specification combined with modern and contemporary detailing. Open-plan layouts have been well planned to provide spacious and convenient areas for today’s lifestyles, be it working from home, keeping up with fitness goals, entertaining or simply relaxing. Every property features its own private outdoor space in the form of a balcony or terrace, with some enjoying cool, cityscape views across the capital. 

Andrew Peglau, Assistant Director of Marketing at Peabody, comments, “The much-anticipated launch of our shared ownership collection at Arden will be a great support to local first time buyers who are unable to afford to buy a property outright. The lower deposit requirement with shared ownership is a great way forward for those who desire to buy a home, especially in London – and Arden at Parkside ticks the boxes on many levels. Affordability, stylish interiors, outdoor space and a fantastic choice of on-site facilities – the homes at Arden have proved very popular and we encourage buyers to register their interest as soon as possible to avoid missing out.”  

The local area offers a desirable lifestyle, with plenty to do. A unique medley of historic venues and scenic green spaces, alongside a thriving social scene, are all within easy reach of the development. Notable places to mention include the world-famous live music venue The O2, 26 minutes away via the DLR. In Greenwich, The Royal Observatory, Cutty Sark, National Maritime Museum or Greenwich Market are great for a cultural day out. Deptford High Street is host to plenty of restaurants, bars, cafes, a cinema and a regular street market. There are plenty of parks nearby, perfect for enjoying the warmer summer months with friends for a picnic or a family walk – the award-winning Greenwich Park and Blackheath Park are both within walking distance of Arden.

Located in Zone 2, getting around the city from Arden couldn’t be any easier. Just an eight-minute walk from the development is Elverson Road DLR station, which provides links to Canary Wharf via Greenwich in 17 minutes. Other nearby stations that are within easy walking distance are Deptford, New Cross and Lewisham, which all offer speedy travel into and across London. 

Prices for the shared ownership homes at Arden are to be confirmed. For more information ahead of the Autumn launch, please visit peabodysales.co.uk or call 020 7089 1274 to register your details

¹ mortgageadvicebureau.com/expert-advice/first-time-buyer/the-bank-of-mum-and-dad-is-9th-biggest-lender 

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