Space For Sharers in Post-Lockdown at Peabody’s Development in Lea Bridge

While the number of single person households in the UK is at an all-time high, one thing the current COVID restrictions have highlighted is the value in feeling connected and how much we benefit from in person interaction. A fifth of Britons say they are living alone during lockdown, potentially increasing feelings of loneliness and isolation. But those who choose to get on the property ladder with a friend, partner or have space to share their home can sidestep this issue. At Motion, Peabody’s landmark development in Lea Bridge, East London, the two and three-bedroom apartments are ideal for sharers with plenty of space to spend time together and apart.

Motion - Peabody shared ownership

Those choosing to buy a home with a friend or rent their spare bedroom are likely to be young professionals, many of whom are drawn to the vibrant neighbourhoods of east London. On the edge of Hackney Marshes and just a short hop from the hub of Stratford, Motion is at the forefront of the regeneration of Lea Bridge, located next to its newly rebuilt station. Here a collection of stylish new apartments available through Peabody’s Shared Ownership scheme. And with virtual online viewings now available, potential buyers do not have to wait to take a look around.

Andrew Peglau, Assistant Director of Marketing at Peabody comments:

We realise that getting onto the property ladder in London can be a challenge, so sharing the costs by buying with someone else may be an easier way to start the journey. Our Shared Ownership scheme also gives would-be purchasers an extra helping hand and, as an up and coming area, Lea Bridge offers good value for money compared to other parts of East London.

During lockdown or not, each person needs their own personal space so the two and three-bedroom apartments at Motion have generous, double bedrooms, large flexible open-plan living spaces and private outdoor space for each home. The pandemic has reminded so many of us about the value of community and taking simple pleasures in the place we live – at Motion this inspiring new neighbourhood is somewhere people will be proud to call home.

Strongly design-led, Motion draws upon the area’s Art Deco heritage blended with the best in modern design. Set across three striking buildings including a landmark 17-storey tower, the homes offer sweeping views across the Lea Valley and toward the City of London and Docklands. Residents will enjoy café culture and local boutique shops on the doorstep with a mix of retail and entertainment space in and around the development.

The range of spacious Shared Ownership apartments currently available offer bright and airy living accommodation thanks to floor to ceiling windows. Centred on flexible open plan living space, the apartments come in a range of layouts but at typically over 800 sq ft for a two-bed and over 1,000 sq ft for a three-bed, they are generously sized making them ideal for sharers. Some overlook the central landscaped courtyard where residents can come together to spend time outdoors. Each home is finished with a carefully chosen, quality specification that includes sleek kitchens complete with a range of Bosch appliances, hotel style bathrooms, underfloor heating and neutral carpets to the roomy bedrooms.  

The convenient location is a big draw – Motion is located right next to Lea Bridge station, which was upgraded recently. From here it is a direct, six-minute journey to Stratford, where shopping and leisure options are numerous at Westfield Stratford City and the Queen Elizabeth Olympic Park. The location is also ideal for cyclists, as part of the Mayor of London’s Mini Holland fund which has provided extensive investment into new cycleways and footpaths, including a new cycle superhighway that passes right by Motion. All residents will also benefit from access to secure cycle storage.

Peabody’s Shared Ownership scheme allows buyers to realise their dream of having a home of their own in trendy East London. 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 Motion start from £127,500  for a 30% share of a two-bedroom apartment and from £162,000 for a 30% share of a three-bedroom apartment. For information visit www.peabodysales.co.uk. For private sale or Help to Buy homes, visit the Motion website, sold in partnership with Hill.