Wharf Life's Property Supplement, May 15-29, 2024

£6,000

Value of incentives available on a two-bedroom home at Square Roots Lewisham

how Square Roots Lewisham is preparing to celebrate the completion of construction work

by Jon Massey

Incentives and pizazz are to be expected as Square Roots Lewisham celebrates completion next month. Residents and prospective buyers are set to come together on June 15 at the development on the banks of the River Ravensbourne as the affordable housing provider hosts an event marking the culmination of construction work alongside a chance to view its new three-bedroom show home.

Square Roots, which is owned by developer London Square, has created a scheme in south-east London comprising 141 apartments all with private outdoor space.

The properties themselves feature dedicated home working stations with power and high speed Wi-fi options, with further amenities at the development including a rooftop terrace for residents, cycle storage and landscaped gardens.

But these aren’t the only attractions to tempt buyers. Square Roots has put together incentive packages, with buyers able to select from a number of options worth up to £4,000 or £6,000 if reserving a one-bed or two-bed respectively.

These include window treatments from Thread And Dandy, vouchers for John Lewis and IKEA, an annual Travel Card for Zones 1-6 or an annual parking space at Lewisham Shopping Centre. Naturally, terms apply.

Square Roots Lewisham head of sales, Becky Boden, said: “Square Roots Lewisham offers an amazing opportunity to live close to central London in a beautifully designed, high quality new home that’s affordable.

“Look out for our Unveiling New Heights At Square Roots event on June 15 – launching new apartments and celebrating the completion of the development, plus there will be a new show home to view.

“This will be an event for both residents and the public with cocktails, food, and sax players playing Ibiza classics.”

For those quick off the mark, the new show home is set to officially continued on Page 16

An artist’s impression of

Square Roots Lewisham, which is located beside the River Ravensbourne

Apartments at Square Roots Lewisham feature openplan design and private outdoor spaces

Those working in Canary Wharf can expect a commute of about 20 minutes door-to-door

Show home will be available to view at the launch event on June 15

residents

from Page 15

launch on May 18, with prospective buyers invited to view between noon and 4pm. Square Roots is also able to connect those seeking to make a purchase with an independent financial adviser who can assist in securing a mortgage.

With the soaring cost of renting in London, affordable housing providers are increasingly holding up shared ownership as a mirror to renting in the capital.

At Square Roots Lewisham, a buyer taking out a 35-year mortgage on 25% of a £415,000 one-bed with a 5% deposit could expect to pay around £1,422 per month for a 544sq ft one-bed. That figure includes mortgage repayment, rent and service charge.

A similar size property for rental in Lewisham currently costs about £1,575 – £152 more – per month. That’s a potential saving of £1,824 a year. Buyers would need a 5% deposit of £5,188 and a minimum household income of £46,119.

Beyond price, of course, a shared ownership buyer is also free to enjoy the property as though they own the whole thing, with no quibbles over decorating and – crucially – no uncertainty over whether they will be required to suddenly move out.

Living in Lewisham offers a multitude of benefits with extensive regeneration already underway in the area, which boasts many restaurants, cafés, bars and shops.

The Square Roots development is located within seven minutes’ walk of Lewisham station, which offers direct connections to London Bridge in eight minutes as well as rapid access to east London via the DLR.

Those working in Canary Wharf can expect a commute of about 20 minutes.

key details

One, two and three-bedroom shared ownership homes are available at Square Roots Lewisham, as well as two-bed duplexes.

Prices start at £103,750 for a 25% share of a property with a full market value of £415,000. The properties will be available to move into this summer. The estimated service charge at the development is £3.13 per sq ft. Go to squareroots.co.uk for more information or to register for the scheme’s events

to find

£103,750

Starting price for a 25% share of a onebedroom home at Square Roots Lewisham –incentives worth up to £4,000 are available

for

The development features landscaped gardens at ground level too

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out more about Square Roots Lewisham

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more about incentives at the scheme

An artist’s impression of the roof terrace at Square Roots Lewisham

by Jon Massey

Alongside the attractions of an area and the specific amenities at an individual development, uppermost in buyers’ minds is a question – how smart am I being, placing my capital in this place?

While none of us are capable of foretelling the future – who in the early 1980s, for example could have predicted the rise and success of Canary Wharf – we can consider the likely path an area’s fortunes will take.

This is clearly something Fairview New Homes is keenly attuned to as a developer. Its Dock28 scheme in Woolwich, for instance, is well located for buyers to take advantage of the plethora of improvements that have arrived locally via neighbouring projects as well as those still in the pipeline. It’s a theme that certainly flows into the company’s next development launch in June.

beside the Thames

The Silverton is a collection of 78 one, two, three and four bedroom apartments located just south of North Woolwich Road.

This means residents will benefit both from nearby Thames Barrier Park, but also the amenities of Royal Wharf – an extensive swathe of development by Ballymore, which boasts a pub, a pharmacy, shops, restaurants, cafes and a pier for Uber Boat By Thames Clippers River Bus services.

The Silverton is also close to Ballymore’s UNEX site, which is expected to be developed in the coming years – part of the wider multi-billion pound regeneration of the Royal Docks.

Set to launch on June 1, Fairview’s scheme offers prices starting at £400,000, with all homes featuring private terraces, balconies or winter gardens.

The scheme also boasts landscaped podium gardens, with some apartments also able to access a roof terrace on the ninth floor with views over the Thames.

Fairview New Homes sales manager, Sohail Saiyed, said: “The Royal Docks is one of London’s most exciting new neighbourhoods, with a huge amount of money invested in the area and more to come in the short and long-term future.

“There’s already a thriving community here along with excellent transport links and all the amenities you could need.

“With average flat prices in the Royal Docks sitting at around £460,000, The Silverton represents real value with our homes starting at just £400,000.

continued on Page 18

finding those opportunities

why properties One Goodmayes and The Silverton by Fairview New Homes offer varied

propositions for buyers looking to invest

An artist’s impression of the roof terrace at The Silverton, a new development by Fairview in Royal Docks featuring one, two, three and four-bedroom homes. The apartments will be ready to move into in September and prices start at £400,000. The development is located just south of North Woolwich Road

from Page 17

“We also work with a number of schemes such as Deposit Unlock and Own New to help give firsttime buyers that little boost they might need to purchase.

“While we’ve always prided ourselves on primarily helping first-time buyers onto the ladder, with a wide range of different specifications, we’ve truly got something for everyone at The Silverton and with further regeneration planned in the coming years, buying in the area makes for a sound investment.”

The Silverton is located within easy walking distance of pontoon Dock and London City Airport DLR stations offering rapid connections to the City, Canary Wharf and Woolwich.

connected value

The Silverton isn’t the only development that Fairview is set to launch next month. The company’s One Goodmayes scheme will be unveiled at an event on June 22 and aims to attract buyers east along the Elizabeth Line.

Located between Seven Kings and Goodmayes stations – a seven-minute walk east or west, respectively, the development will see a total of 102 new homes built. Studios, one-beds and two-beds will all be available, with prices starting at £275,000. Each property comes with a private balcony or terrace and fully fitted kitchens with integrated appliances.

There’s also a communal roof terrace with views over London’s skyline for residents to access.

Sohail said: “Situated at the heart of the Crossrail corridor, Goodmayes is a rapidly up-andcoming neighbourhood with buying prospects rivalling the likes of neighbouring Stratford.

“Officially launching on June 22, we are already seeing strong interest in the development from buyers and investors alike.

“We’re confident One Goodmayes represents real value in comparison to many other areas of London, without sacrificing on transport links or nearby amenities, making the development a great option for first-time buyers.

“We’ll be able to welcome our

With a wide range of specifications we’ve truly got something for everyone at The Silverton in Royal Docks

Sohail Saiyed, Fairview New Homes

Apartments have been built by Fairview New Homes at The Silverton in Royal Docks

Above and below, properties at The Silverton all feature private terraces, balconies or winter gardens, with residents also able to access communal podium gardens. The scheme is located within easy walking distance of Thames Barrier Park and the many amenities of Royal Wharf

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first residents at One Goodmayes as early as September this year.”

Locally, the area is surrounded by parks including Seven Kings and Goodmayes as well as South Park. There’s also an extensive selection of amenities including shops, bars, restaurants and supermarkets.

The development’s proximity to the Elizabeth Line means residents can expect journeys of less than 30 minutes to Canary Wharf and Liverpool Street once at Seven Kings station. That location also means direct access to areas such as Farringdon, Soho, Oxford Street and Paddington.

need to know

The Silverton is set to launch on June 1 with prospective buyers able to book viewings and enjoy a glass of Champagne as they see what’s on offer. Email silvertown.sales@fairview.co.uk or call 020 8131 4030 for more details.

One Goodmayes’ launch event will take place on June 22. Email goodmayes.sales@fairview.co.uk. or call 020 3603 2533 for more details. Go to fairview.co.uk for more information

Artist’s impressions of how One Goodmayes will look when work on the development is completed. The scheme is located between Seven Kings and Goodmayes stations on the Elizabeth Line and will see 102 new homes constructed. Residents can look forward to direct access into many London destinations thanks to its transport links

LAUNCHING SATURDAY 1ST JUNE.

DON’T SETTLE FOR ANYTHING LESS. Join us for our launch, Saturday 1st June, 12pm – 7pm, where you can enjoy a glass of bubbly and have an exclusive preview of our stylish new show home.

With Canary Wharf just 18 minutes away on the DLR ^, and a stone’s throw from the Royal Wharf neighbourhood, why miss the chance to be part of this riverside community?

Why miss the chance to be here first? THE SILVERTON | Royal Docks, London E16 2EE 1, 2 & 3 bedroom apartments and 2 & 3 bedroom duplexes. Guide prices from £400,000*

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