Single in the city at Bauhaus
Research commissioned by Lloyds TSB Insurance plc has identified Croydon as one of the most popular growth areas for single homeowners, with single households increasing by 22% since 1991. They are forecast to make up 41% of Croydon’s households by 2019.
Bauhaus, Durkan Homes’ landmark development in Croydon, is perfectly placed for singles due to Croydon’s exciting choice of bars, cafes, shops and transport links, which offer young singletons a winning combination of stylish nightlife, day-to-day convenience and fast access to central London for both work and play. And Bauhaus’s central location and slick contemporary styling are perfectly in tune with the single lifestyle.
Croydon’s burgeoning population of single homeowners is part of a wider nationwide trend, according to the Lloyds TSB research. The number of single households almost doubled between 1971 and 2001 and is set to grow by 10 per cent by 2019 – that’s two million new single households – driven by young adults’ increasing desire to live alone.
The study, conducted by economic and social researchers FDS International, analysed central and local government data to reveal Britain’s current and emerging single-living hotspots. It identifies a growing pool of under-35s who want to live alone.
In the past, the majority of single-dwellers were either young males or elderly widows. But this profile is set change dramatically over the decade as women’s incomes increase, female single living becomes a social norm and the gap in life expectancy of men and women narrows. Rising divorce and separation rates are also likely to have a significant impact on single occupancy patterns.
Bauhaus, is a development of chic one- and two-bedroom apartments, three-bedroom penthouses and two-bedroom mews houses. The variety of accommodation offered in the eye-catching structure, stunningly converted from an existing office building, means that there are homes to suit all pockets and all circumstances: singletons, first-time buyers, people moving up the property ladder and downsizers.
Bauhaus ticks all the boxes for the young, single homeowners looking to Croydon to fulfill their property ambitions. Each home has elegance and style built in, including contemporary Lemongrass kitchens with integrated stainless steel oven and ceramic hob, luxury bathrooms with ladder towel rails, interior-designed communal areas, a built-in Portico wardrobe to the master bedroom and a daytime caretaker service. The stunning ground-floor foyer was created by the designer and sculptor William Mitchell, whose high-profile commissions include the Egyptian Room at Harrods and the Ritz in Paris.
Over £3.5bn has already been committed to Croydon’s regeneration programme which will include upgraded transport links, a major retail centre and entertainment amenities which will rival London’s West End. Croydon has two mainline railway stations offering services to the centre of London in just 16 minutes as well as being only 15 minutes away from Gatwick Airport by train.
Prices at Bauhaus start from £155,000 for a one bedroom apartment, £195,000 for a two bedroom apartment. Interested purchasers can visit the Bauhaus marketing suite and showhome seven days a week from 10am to 5pm.