Bellway helps south London families to buy brand new homes

With statistics from Zoopla highlighting an increase in property values in London of 43% in the last five years, and research by Gocompare revealing that over 68,000 people left London to buy property elsewhere last year, families in the capital are struggling to find a home with enough space without blowing the budget. At Penhurst Square in Addiscombe, near Croydon, Bellway is offering families in South London an exciting opportunity to move up the property ladder, with three bedroom apartments and four bedroom houses available from £428,995, which is £100,000 cheaper than the London average house price according to Zoopla.

To further assist buyers, Bellway is also offering Help to Buy London on selected properties, which allows buyers to move up the ladder with just a 5% deposit. The Gough at Penhurst Square is a three bedroom home priced at £428,995. Through the scheme, the purchaser will need a deposit of 5%, or £21,499. The government-backed scheme then provides purchasers with a 40% equity loan, leaving them to find a more affordable 65% mortgage for the remainder, at a value of £278,846.

Mark Harrop, Head of Sales at Bellway Homes South London, comments: “For families in London, sizeable homes that are good value are getting more difficult to find as prices continue to soar. Those not wanting to compromise and leave the capital to afford more space will find Addiscombe, still within London’s travel card zones, a great option. With prices more affordable at Penhurst Square than the average across London, plus the benefit of being available with Help to Buy London, buyers can get much more for their money.”

All of the homes at Penhurst Square boast a chic, stylish design with high quality fixtures and fittings. Modern fitted kitchens benefit from integrated Zanussi appliances, whilst contemporary white bathrooms continue the theme.

The four bedroom Montgomery housetype is a contemporary townhouse spread over three storeys. The ground floor offers a kitchen / diner, downstairs cloakroom, and a spacious living room to the rear. The first floor encompasses the master bedroom with en-suite, a second double bedroom and the family bathroom, while the second floor has a further two bedrooms.

For those who prefer apartment living but still need plenty of space, the Gough is a three bedroom apartment that offers over 1,000 sq ft of living accommodation. The open plan living / kitchen / dining area has access to a large terrace. Bedrooms one and two are bright and airy doubles with access to their own en-suite shower rooms. Bedroom three has access to the family bathroom.

A number of well-regarded schools are in close proximity of Penhurst Square, making the area ideal for families. Davidson Primary School and Oasis Academy Shirley Park, which has nursery, primary, secondary and sixth form sections, are both under a mile away. Performing arts specialist, The Brit School is less than a 10 minute drive from the development, while Croydon College, which offers vocational, further and higher education courses is around five minutes’ drive away.

Residents will be well placed for day-to-day necessities, with several convenience stores and supermarkets in close proximity, whilst a larger selection in Croydon can be easily reached. In addition, sports fans will enjoy the facilities at nearby South Norwood Leisure centre, just over a mile from Penhurst Square, with its two swimming pools, gym and exercise studios, and Addiscombe recreation ground, just 10 minutes’ walk away, offers tennis and basketball courts and football pitches for sporty residents.

The stylish properties at Penhurst Square boast superb travel connections, with Tram services providing connections to East Croydon, West Croydon and Beckenham Junction train station in close proximity. East Croydon train station, less than one mile from the development and offers frequent services ideal for commuters.

A selection of one and two bedroom apartments are also available at Penhurst Square, with prices starting from £287,995. For more information, visit bellway.co.uk.