FIRST-TIME buyers will have a unique opportunity to buy a brand-new affordable home in one of London’s most sought after leafy suburbs. Purley was reported as the capital’s third most desirable hotspot with asking prices soaring by 9% in the last year, according to the latest figures published by Rightmove in February.[1]
With an increasing trend to swap urban homes for a more tranquil and green suburban life following stringent lockdown measures, Purley has become an increasingly desirable location thanks to its proximity to parks and countryside, and access to London Bridge in just 22 minutes by train.
Launching June 19th, Cushing Gardens, named after Star Wars actor Peter Cushing who lived in Purley, is an exclusive new collection of just 30 one-, two- and three-bedroom homes by Clarion Housing Group, the UK’s largest provider of affordable housing, under the shared ownership scheme. This allows people to buy as much of the home as they can afford – starting from as little as 25% and rising up to 75%, paying subsidised rent on the remaining share with the opportunity to buy a bigger share of the home with time until they own it outright.
Krete Luca, Sales Director at Clarion Housing Group, said: “This is a unique opportunity for first-time buyers to get on the property ladder in an extremely desirable area that perhaps otherwise they may not be able to afford. And, of course, with that comes so much more than just a brand-new stylish home, it is a whole lifestyle with excellent schools down the road, as well as parks, countryside and London on your doorstep. Cushing Gardens is a very special opportunity indeed.” Despite the affordable price tag, the apartments at Cushing Garden do not cut corners when it comes to style and charm. Located on a pretty leafy street, the attractive red brick and white-painted mansion is carved into beautifully designed apartments that all have a private balcony or terrace as well as access to communal gardens.
Stepping inside, a beautiful contemporary design with open plan living offers maximum comfort. The streamlined modern kitchen with soft close hinges and drawers is finished with a smart, square-edged laminated worktop and Zanussi appliances are fitted throughout including a ceramic hob with touch controls and electric oven as well as an integrated fridge/freezer. Meanwhile, the bathroom oozes style with an oversized rain shower fitted over the bath.
Quality flooring is fitted throughout, with durable ceramic flooring in the kitchen areas and carpets in the living areas. There is a varied selection of layouts to choose from, and the three-bedroom apartments all have the added bonus of an en-suite attached to the master bedroom, as well as the main bathroom that all homes have.
Eco features and double-glazed windows ensure that energy bills are kept to a minimum and cycle storage is available for every home. There is also off-street parking available.
Hugely desirable for its access to green spaces and the open countryside of Surrey, Purley is perfect for leisurely walks, bike rides and running, and marks where London’s urban city landscape changes into the open greenery of the North Downs. Highlights include the fabulous views at Happy Valley, the wildflowers of Farthing Downs, nearby Purley Way playing fields, as well as Oaks Park, Beddington Park and Mayfield Lavender Farm.
With supermarkets, pubs and restaurants on the doorstep and the shops and entertainment of Croydon just a short drive away, Purley is not short of amenities. Plus, central London is just a few stops down the train line, making it ideal for commuters and culture vultures alike.
The lower deposit level required with the shared ownership scheme means buyers need only put down a deposit on the share they purchase and not the full market value of the property. Shared ownership also means you can become a homeowner with a lower level of savings than if you were to buy the same home outright. Shared owners can choose to buy additional shares of their property as and when they can afford to, right up to 100%.
Viewings are currently available by appointment only.
Prices at Cushing Gardens start at £76,875 for a 25% share of a one-bedroom apartment priced at £307,500. Two-bedroom apartments start from £140,875 for a 35% share (full market value of £402,500) and three-bedroom apartments start from £135,000 for a 25% share (full market value £540,000).
For more information or to arrange a viewing please email shared.ownership@myclarionhousing.com or call 0300 100 0309.
