Sales of bikes have surged by 57% in the last 13 weeks, as the popularity of bikes increase, so has the cost of purchasing homes that are located close to London’s Cycle Superhighways. Offering a helping hand to Greenwich buyers keen to find a home that supports two-wheel travel. Peabody’s flagship collection of Shared Ownership homes at The Reach in West Thamesmead is an ideal choice for those buyers who want to embrace a healthier lifestyle without the premium price tag.
Occupying a superb location within the Royal Borough of Greenwich close to the River Thames, the Thamesmead area is set to benefit from a multi-million-pound investment program. The program will bring an influx of new leisure, cultural and commercial facilities, and residents at The Reach will be perfectly placed to enjoy the rewards of a thriving new community within this up and coming district. There are also a variety of popular and atmospheric restaurants and Gastropubs already nearby, as well as 350 acres of beautiful green spaces and calming waterways, perfect for enjoying an afternoon stroll or a morning bike ride. For those who want to commute across town without using public transport, the newly launched Bankside Bike Train offers an easy way to travel with other fellow riders on London’s Quietways and can be picked up from local Greenwich points close to The Reach.
Each of the one-bedroom Shared Ownership apartments exude stylishly chic interiors and elegant contemporary features. Layouts have been well planned to offer bright, spacious, and flexible accommodation. These new homes are perfect for families to visit, the open-plan design ensures a spacious feel throughout, yet still provides designated spaces for cooking, dining, and relaxing. Kitchens are sleek and contemporary and come complete with a range of integrated Zanussi appliances, and bedrooms are generously sized with a built-in wardrobe. Every apartment features a private balcony or terrace, with those situated on the ground floor enjoying access to garden spaces. Residents are able to enjoy the communal landscaped garden with a seating area, and for those who like to get around on two-wheels, there is a secure on-site bicycle storage.
Andrew Peglau, Assistant Director of Marketing at Peabody comments:
Since the UK lockdown was introduced, active and greener modes of transport have seen a huge increase – not only because this allows for social distancing, but many people have realised the health benefits it can offer and how cost-effective it can be when it comes to commuting, particularly in London. Our summer offer of a bike voucher for buyers who reserve a property at The Reach is our way of supporting greener lifestyles, whilst our Shared Ownership scheme means purchasers can also buy a new home with a lower level deposit too.
From its Thames-side location, there is plenty to explore close to The Reach. For a wider choice of retail, Greenwich Shopping Park is 19-minutes away by bike and Gallions Reach Retail Park is just across the river and can be reached via the DLR. For a full day of retail therapy, Europe’s largest urban shopping centre, Westfield Stratford City is less than an hour away and offers more than 250 shops, restaurants, 17-screen cinema and bowling alley. Elsewhere, Blackheath is known for containing one of the largest open spaces in the city, the surrounding area is full of ancient pubs, independent eateries as well as high street favourites.
The Reach is well served with rapid connections across the capital. With the future opening of Crossrail services to Abbey Wood, Thamesmead residents will be able to reach Canary Wharf within just 11 minutes; Liverpool Street in 18 minutes and Tottenham Court Road within 22 minutes. Surrounding road links makes getting to the M25 easy, and London City Airport is just 20-minutes on the DLR – perfect for a quick weekend getaway.
Peabody’s Shared Ownership scheme allows buyers to realise their dream of having a home of their own home in some of London’s most popular locations. Through it they can buy the share of the property they can afford, starting from 30%, while paying reduced rent on the remainder. In time, they can ‘staircase’ up to 100% and outright ownership.
Prices at The Reach start from £69,375 for a 30% share of a one-bedroom apartment with a full market value of £277,500. For information, or to book your viewing please visit www.peabodysales.co.uk or call 020 7021 4842.