The Benefits of Living in an Urban Regeneration Area: Square Roots

Why Buy a Home in a London Regeneration Area?

The price of renting in the private housing market is rising across the UK, but nowhere more than in central London. Affordability continues to be an obstacle for new buyers, especially for inner-city commuters. According to Foxtons, properties in an area like Mayfair can range from £375,000 to nearly seven million. That means a 5% deposit could be anything from £18750 to £350,000. 

Up-and-coming regeneration areas like Lewisham are increasingly popular alternatives for first-time buyers. Properties are less expensive, have excellent transport links into the city centre and are part of a flourishing, modern community that grows yearly. Square Roots provides shared ownership of new-build apartments in Lewisham, making your first home even more affordable. 

What is Urban Regeneration?

The purpose of urban regeneration is to build up an area with potential that may have been experiencing economic and social struggles.  Local councils will work to a long-term plan and invest in community pillars like employment, infrastructure, housing and sustainability. Regeneration projects often span a decade or more. 

Lewisham: A Borough on the Rise 

Lewisham is a London Borough with a rich history. Finding a way to preserve it and bring a new sense of modernity has been focal to the vision. Between 2008 and 2020, 10,000 new homes were built across the Borough. The extended East London Line has reduced journey times to the city centre and 7 new schools are open as part of the initiative. 

Among the refurbished historic buildings was the 250-year-old Manor House. Manor House is a grade 2 listed property, now serving as a modernised library. Lewisham's commercial area is among the largest in southeast London and you can enjoy well-kept green spaces like Cornmill Gardens, Lewisham Park and Ladywell Fields. 

Award-Winning Square Roots Apartment Development

Square Roots recently won gold for the best starter home at the WhatHouse? Awards 2024 with the Lewisham development. The new builds have played a big part in expanding the local community of Lewisham and offer a desirable riverside quarter for Londoners to lay roots.

Transport & Connectivity

Lewisham Train Station is an eight-minute walk from the Square Roots development. From there, you can catch Southeastern trains directly to London stations like Charing Cross, Cannon Street and Victoria.  The nearest DLR (Docklands Light Railway) stop is a seven-minute walk from the apartments and takes you to the Bank stop. There are also bus routes into central London from Lewisham, including the 47, 21, 436, 75, 108, 129 and 380. 

With the growth of Lewisham, independent businesses have flocked to the area.  Get your caffeine fix in Resta Coffee or eat at restaurants like the Bar Beach Grill or Payiz. The Lewisham Shopping Centre is full of high-street classics for retail therapy and the Fox and Firkin is a pub that hosts theatre and live music throughout the month. Discover more fun things to do in Lewisham with our area guide. 

Shared Ownership Homes with Square Roots

With shared ownership, you buy a starting share of your home between 25-75%. Your deposit and mortgage amounts are based on your share, so they are significantly less expensive than if you bought the property in full. Your deposit will be 5 – 10% of the share value you own and you pay subsidised rent on the rest. 

The magic of shared ownership is that you would be the sole occupier of the property and live in the home as your own, with the freedom to decorate and use the space as you please. Over time, you can staircase, which means you can gradually increase your percentage share in the home until you own it outright. We have shared ownership apartments for sale in Lewisham and Hendon, with future developments in Crayford and Kingston Upon Thames.

Explore Shared Ownership with Square Roots: Lewisham New Builds 

The Square Roots new-build apartments in Lewisham are available with up to three bedrooms and come fully furnished, ready to move in. The riverside development has communal landscaped gardens, a play area and a rooftop terrace for tenants to enjoy. Each apartment also comes with a private balcony or terrace. 

The development location is ideal for commuters, only a seven-minute walk to Lewisham train station and the DLR. There is also onsite cycle storage. Our shared ownership properties come with a 990-year lease for your security.

Lewisham apartments start at £103,125, with a 25% minimum share. Read more about shared ownership through the Square Roots website or contact the team to enquire about a property.