Colliers International has launched the latest phase of new residential development, WING, in Camberwell, comprising 18 affordable homes in the Peacock block, specifically aimed at purchasers on the help-to-buy scheme. This will enable city workers, first time buyers and buy-to-let landlords to acquire a property by exchanging on only a five per-cent deposit when the development is due for completion in Autumn 2018.
WING will have 164 one to three-bed apartments and penthouses over 120 of which will be for private sale, 25 through the shared- ownership scheme and 18 for affordable rent.
Through help-to-buy, purchasers can buy a one-bed home from £425,000 or a two-bed, from £525,000.
The developer, Hyde New Homes, will also pay £1,000 towards the buyer’s legal fees and offer purchasers a two-year off-plan payment option.
Ben Morris, Head of New Homes at Colliers International, said, “We have had keen interest in the development with 40 per cent of homes sold and we anticipate strong take up on the help-to-buy properties. WING buyers are attracted to the Camberwell area due to its good transport links to central London and local amenities, and this, combined with the developer’s incentive offering for purchasers and the apartments’ interior design aspects, will enable the properties to sell quickly.”