Building work at a new development in Sydenham is progressing well, in preparation for the first residents moving in at the end of this year.
Bellway London is delivering 159 apartments at Maybrey Works, off Worsley Bridge Road, with the first properties soon to be completed.
The development will comprise 108 one, two, and three-bedroom private apartments, with many properties benefitting from balconies or terraces that have views of the Pool River and surrounding green space. A further 51 affordable homes will also be provided for local people through rent or shared ownership.
Ground floor commercial space is set to open after the development is completed, with the area currently occupied by Bellway as a sales and marketing suite. An on-site concierge, residents’ gym and a work hub for residents working from home, will also be created as part of the development.
Emma Hamlett, sales director of Bellway London, said: “Construction work at Maybrey Works is continuing apace and we are looking forward to welcoming the first residents towards the end of this year. The development will have a positive impact on the area as it transforms the disused former Maybrey Foundry site to provide much-needed housing for local people and those moving into the area. It’s ideal for those who want to live close to central London but away from the hustle and bustle of the city.
Under Help to Buy, first-time buyers can buy a new-build home in London up the value of £600,000 with a five per cent deposit and 55 per cent mortgage. The remaining 40 per cent is provided in the form of a Government-backed equity loan, which is interest free for the first five years.
This post has originally been featured in Property Wire.