Not all postcodes are created equally when it comes to house prices
With its history, culture and convenience, buying a home in the capital feels increasingly out of reach for many first time buyers. And while recent research has shown that the average price per square foot for a home in London is around £769, substantially above the national average of £300, buying in the capital doesn’t need to be a fantasy.
Providing an alternative way on to the property ladder for those who cannot afford to buy outright, Shared Ownership homes from Peabody New Homes unlock London living, allowing you to enjoy every corner of the capital without the struggle of saving for a huge deposit.
Just two examples of how you can get the best out of the capital with Shared Ownership; Lombard Square and West Ham Village are making homeownership more achievable for a wide range of buyers.
Lombard Square – Your City Oasis
Nestled just south of the river in the heart of Plumstead, Lombard Square effortlessly blends community living, urban connectivity and mesmerising green backgrounds. If you are seeking a spot where wellbeing and harmony truly take centre stage, you can’t go wrong with homes centred around a beautifully landscaped 1.8-acre Garden Square.
Whether buying with friends, family or doing it solo, these one and two bedroom apartments are designed with both comfort and convenience in mind. Delivering for all of life’s moments, Lombard Square provides everything from expansive open spaces perfect for socialising with friends, to tranquil havens to unwind and relax in at the end of a busy day. Extending the emphasis on greenery at Lombard Square, each home features private outdoor space where you can create an oasis of your own, and monthly outgoings are from £1,231 per month.
With Plumstead taking pride of place within the Royal Borough of Greenwich, there is something new to discover around every turn. Plumstead High Street means opportunities to shop, dine out or complete a gym routine are all just a short stroll away. Nearby Woolwich, a zone of extensive regeneration, hosts popular cultural destinations such as Woolwich Works and Royal Arsenal Riverside on the banks of the Thames. Beyond the lush greenery at Lombard Square, the development is surrounded by green and blue spaces including Woolwich Common, Broadwater Green and Greenwich Park.
Welcome Home to West Ham
West Ham Village provides another outstanding opportunity for London homebuyers. Part of the impressive TwelveTrees Park development, West Ham Village delivers a stylish collection of studio, one and two bedroom apartments, each expertly designed for modern living. With starting prices from just £98,750 for a 25% share, buyers at West Ham Village can take their first steps on to the property ladder with monthly costs from just £1,366.
Set within 12 acres of green space, including four acres of Wi-Fi enabled parkland, West Ham Village is a pocket of calm in the middle of east London’s electric energy. At its heart, a new Central Square will be a thriving hub of activity, hosting seasonal markets, aromatic coffee stalls and a range of street vendors. An assortment of restaurants and cafes add to the atmosphere, with al fresco dining opportunities taking full advantage of the attractive setting.
From West Ham Village, east London’s buzzing backdrop is right on the doorstep, from sporting success at East London Rugby Club to creative moments at Rosetta Arts. This is the place for anyone looking to unlock new hobbies, try something different or find their community. Whether you’re commuting or looking to explore further afield, a new direct entrance to West Ham station will place five key train lines just moments away, connecting to all major Zone 1 destinations in under 30 minutes.
To explore Peabody New Home’s latest range of Shared Ownership homes in London and the Home Counties, visit peabodynewhomes.co.uk
Images are computer generated and indicative only.
Travel times and prices are correct as of time of print, November 2025
First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.
