Buy a new flat in Lewisham for under £500 a month
If you’re paying the average £758* per month on renting a studio apartment in Lewisham, then the mortgage on a stylish brand new studio at Taylor Wimpey’s Axis development, could well cost you less.
Available from only £127,495**, the leading housebuilder’s fabulous collection of new build flats in Lewisham offers a realistic alternative to paying your landlord.
By snapping up one of the stylish studio apartments, you could save thousands of pounds a year in rent, and your monthly mortgage figure could be as low as £460*** – that’s just £115 a week!
Marie-Claire Travis, Regional Sales and Marketing Director for Taylor Wimpey, says: “A lot of people living in rented apartments in Lewisham would prefer to purchase a property of their own, but many may be put off by the incorrect assumption that they would be paying more for their mortgage repayments than their monthly rent.
“Thanks to the great-value prices of our stunning apartments at Axis, our sought-after new homes development in Lewisham, the cost of home ownership compares favourably with renting and could even work out cheaper for first-time buyers.”
Axis studios are the ideal choice for professionals or couples looking to set up home in this vibrant south London property hot-spot.
Boasting a contemporary design to maximise light and space, they benefit from a spacious bedroom/living area and open-plan fitted kitchen with integrated oven, hob and hood, plus a bathroom and handy storage closet off the private entrance hallway.
Alternatively, one fast-moving purchaser can secure the final new one-bedroom apartment at Axis for only £159,995 – a £15,000 reduction on the original £174,995 price tag.
Conveniently located in the heart of the London Borough of Lewisham, Axis enjoys easy access to an excellent indoor shopping centre and a bustling pedestrianised high street where an open-air market is held seven days a week.
Axis is ideally located for property-seekers looking for new build flats in Blackheath, homes for sale in Greenwich and Docklands property for sale.
The borough’s lively cultural scene includes The Broadway Theatre and Studio, countless restaurants, cafés and bars close at hand, plus a choice of sports and leisure facilities including gyms, swimming pools, dance studios, sports fields and Green Flag parks.
Major regeneration projects are also under way to create new shops, offices, entertainment venues, transport links and road layouts, making Lewisham a ‘metropolitan centre’ within London – and a very promising opportunity for property investors and homebuyers of all kinds.
Lewisham station is just a short walk from Axis, with journey times of just 10 minutes to London Bridge or Victoria, while the Docklands Light Railway has its southern terminus in Lewisham. The London Underground is also easily accessible at nearby New Cross.
For more information about how a new home at Axis could be perfect for you, visit the Sales Centre, located at 262-274 Lewisham High Street and open Thursday to Monday from 11am to 6pm.
*According to findaproperty.com on April 28th 2010, the average rent on a one-bedroom property in Lewisham was £758 per month.
** 70% shared equity price available with studio apartment at Plot 29 only. Full price of property is £149,995.
*** Assumes borrower is aged over 18. Loan of £101,996 over 30 years on a repayment mortgage basis and payment of £459.68 which is a discount variable pay rate for 2 years of 3.49% followed by lenders standard variable rate of 4% with monthly payment of £487.71. Typical APR is 4.1%. A mortgage application fee of £257 is payable on application and a lenders arrangement fee of £499 will be added to the loan. All loans subject to status and valuation. Total amount payable is £175,307.38. E&OE.
