First-time buyer homes in Greenwich: shared-ownership apartments in a contemporary London garden square for under £100k

Open space is top of buyers' wish lists post-lockdown and these new homes, between Greenwich and Blackheath, offer just that.
Ruth Bloomfield1 September 2020

Post-lockdown, open space has become the number one item on home buyers’ wish lists — and first-time buyers can now pick up a modern garden square-style apartment on the fringes of a lovely, leafy London village for less than £100,000.

The homes are at Greenwich Square, a new development half a mile east of the wide green expanses of Greenwich Park and Blackheath. As the name suggests, the new apartments have been built around a central communal garden.

Just a 10-minute walk away is Maze Hill station, with 12-minute trains to London Bridge providing an easy commute to the City.

Alternatively, you could catch a boat to work in Canary Wharf from Greenwich Pier ferry terminal. Or hop on the Jubilee line Tube from North Greenwich station, a short bus ride away.

On the doorstep of Greenwich Square is The Greenwich Centre fitness complex with a gym, two swimming pools and a cafe.

Modern interiors: shared-ownership homes at Greenwich Square, between Greenwich Park and Blackheath

Nearby Trafalgar Road offers useful local shops and supermarkets, while a 15-minute walk will bring you to the centre of Greenwich itself, with its wonderful historic maritime centre, independent shops and cafes, art house cinema, busy market, restaurants and bars.

In the other direction you have got a very different sort of neighbourhood to explore: Greenwich Peninsula which is in the throes of vast regeneration around the O2 Centre which will bring huge numbers of shops, bars, restaurants, plus a great programme of events right on the waterfront.

The shared-ownership homes at Greenwich Square are being sold by housing association L&Q.

Prices start from £96,250 for a 25 per cent share of a one-bedroom apartment worth £385,000. A 25 per cent share of a two-bedroom flat starts at £113,750 (full value: £535,000).

Prices from £96,250: for a 25 per cent share of a one-bedroom apartment at Greenwich Square, set around a central communal garden

There are also some three-bedroom flats, priced from £166,250 for a 25 per cent share of a home with a full price of £665,000.

At these prices a minimum 10 per cent deposit ranges from just under £10,000 for the one-bedroom flats, to just under £17,000 for the three-bedroom homes.

And, of course, right now buyers of the one- and two-bedroom flats would be able to take advantage of the Government’s stamp duty holiday and slash their buying costs to the bone.

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