A new home in Lewisham could cost less than renting
Would-be homeowners stuck in rented accommodation could benefit from huge monthly savings by purchasing flats in Lewisham at Taylor Wimpey’s sought-after Axis development.
It costs an average of £753* per month to rent a studio apartment in Lewisham – but at Taylor Wimpey’s Axis development, first-time buyers in search of Lewisham flats could find themselves paying almost 50% less for a stylish new home of their own!
Available from only £131,745** with the leading housebuilder’s Easy Start shared equity initiative for first-time purchasers, the stunning studio flats in Lewisham High Street at Axis offer a realistic alternative to paying a landlord.
The fifth floor studio at Plot 34, for example, could cost as little as £388 per month*** – nearly 50% less than the average rental price of similar-sized homes in Lewisham and an amazing saving of over £4,000 per year!
Paula Carter, Regional Sales and Marketing Director for Taylor Wimpey, says: “A lot of people living in rented accommodation in the borough would prefer to purchase a property in Lewisham, 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, the cost of home ownership compares favourably with renting and could even work out cheaper for first-time buyers in search of flats for sale in Lewisham.”
Taylor Wimpey’s stunning Axis development is conveniently located in the heart of Lewisham, an area already benefiting from major regeneration projects to create new shops, offices, entertainment venues, transport links and road layouts in time for the 2012 Olympics – which will be on the doorstep.
Add this to rapidly improving sports and leisure facilities, proposals for four new or refurbished swimming pools and significant investment in libraries, and it means Lewisham is set to become a ‘metropolitan centre’ within London.
Studio apartments at Axis are available for just £154,995 for a 363 sq ft layout and include a contemporary fitted kitchen, a light and airy living area, separate bathroom off the private internal hallway and plenty of storage space.
All the studios and apartments at Axis also benefit from access to a communal roof garden.
Taylor Wimpey is offering its Easy Start shared equity scheme on selected studios at Axis, making them available to own from £131,745. Full details and terms and conditions are available from the Sales Executive.
Axis enjoys easy access to Lewisham’s excellent indoor shopping centre and bustling pedestrianised high street where an open-air market is held seven days a week.
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.
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.
To find out more about making a great saving on rent by buying at Axis, visit the Sales Centre and showhome, located at 262-274 Lewisham High Street and open Friday to Monday from 11am to 6pm and Thursdays from midday until 7pm.
*According to findaproperty.com on July 26th 2010, the average rent on a studio apartment in Lewisham was £753 a month.
**Based on 85% of full purchase price. The qualifying first-time buyer requires a 10% deposit (subject to status; terms and conditions apply) and Taylor Wimpey will arrange a mortgage covering 75% of the price. The remaining 15% equity is provided by the housebuilder in the form of an interest-free loan, which can be repaid in up to three instalments over a 10-year period.
***With an interest-only mortgage at 4% over 25 years.
