Final apartments for sale at Sydenham development

The final 10 apartments are for sale at a development which has transformed a brownfield site in Sydenham.

Bellway London has delivered a total of 159 new homes on the former Maybrey Foundry site off Worsley Bridge Road. 108 apartments are for private sale and the remaining 51 homes are provided as affordable properties for local people through rent or shared ownership.

So far, buyers have secured 98 of the 108 private sale apartments, with all the two and three-bedroom homes being snapped up. As it stands, only 10 one-bedroom apartments are available to reserve, with prices starting from £362,000.

Emma Hamlett, Sales Director at Bellway London, said: “Maybrey Works has proved to be an incredibly popular development with a mix of buyers who have been drawn to the site by a number of factors.

“The development is located a two-minute walk from Lower Sydenham railway station, which provides regular services to London Bridge in 15 minutes and Charing Cross in half an hour. This is incredibly convenient not only for commuters but also anyone wanting to get into central London for a day out sightseeing, meeting friends or shopping.

“The range of facilities and services on offer at Maybrey Works has also been very attractive to buyers. There is an on-site gym, concierge service, cycle storage, parking spaces, and a car club for those wanting to travel into work by road. There are also areas where residents can relax and meet outdoors as the apartment blocks have podium gardens and are centred around a communal green open space.

“The stylish Workhub, which features ultrafast broadband and individual or group workstations, is a big hit as it allows people to effectively work from home but also to have that demarcation between the office and homelife. The combination of all of these benefits has seen us receive a lot of positive comments from happy residents on our customer feedback surveys.”

Bellway London is holding a Help to Buy focus event at the development on Saturday 24 September.

London Help to Buy enables first-time buyers to purchase a new-build property in London, up to the value of £600,000, with a five per cent deposit and a 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 five years. Any reservations made under the scheme, which ends on 31 March 2023, must be made before 31 October 2022, with the homes built by 31 December.

Emma said: “All of the remaining 10 apartments at Maybrey Works qualify under the scheme and our staff will be on hand on the day to answer any questions first-time buyers might have about the initiative.

“There is still time for home-hunters to take advantage of Help to Buy and secure a new home they never thought they would be able to afford.

“We would encourage anyone considering buying one of these superb new apartments at this much sought-after development to get in touch with our sales staff.”

As part of the planning agreement for the development, Bellway is contributing a total of more than £900,000 towards local infrastructure and services. These contributions will include more than £210,000 in carbon offsets, £530,000 towards education, £4,000 towards highways and £160,000 towards healthcare.

Work started on the site in 2019, with the development being officially launched in January 2021. Good progress on the construction schedule saw the first residents move into their new homes in January this year.

For more information about the new homes at Maybrey Works call 020 3993 8572 or visit https://www.bellwaylondon.co.uk/new-homes/thames-gateway/maybrey-works.