Bellway London has brought forward the release schedule of apartments in Beckton amid a surge in demand for new homes in the capital.
A total of 391 apartments are being built at Beckton Parkside, located off Viking Gardens, with 281 apartments allocated for private sale as well as 110 affordable homes for rent or shared ownership.
The former brownfield site is situated next to Beckton District Park and has proved extremely popular with buyers, with the first phase of apartments sold off-plan in just nine months and just 17 homes remaining for sale in the current phase which launched last November.
As a result of such high levels of demand, a new collection of apartments in Block E will be released for sale in the summer, several months in advance of the original planned launch date.
Emma Hamlett, Sales Director for Bellway London, said: “We have experienced a huge uptake in enquiries and reservations at Beckton Parkside, with the development proving to be a draw for buyers who want a home with nearby green space and good connections to central London at an affordable price.
“This suggests that the prediction made by some industry commentators earlier in lockdown – that the pandemic might change the perception of apartment developments and make them less desirable – was too short-term in its thinking, as we are seeing the exact opposite of this.
“London homes, especially apartments, remain as popular as ever despite the pandemic and we’ve seen exceptional levels of demand at Beckton Parkside. With the challenges of lockdowns, many are continuing to work from home and the apartments here have been designed to include designated home working spaces and hyperoptic broadband.
People have also sought to increase the leisure time they spend outdoors and having the luxury of Beckton District Park on their doorstep has been another key factor in their decision to buy here.”
One, two and three-bedroom apartments are currently available to buy at Beckton Parkside, with prices starting from £285,500.
First-time buyers at Beckton Parkside can use the Help to Buy scheme to purchase a new-build home with a five per cent deposit and 55 per cent mortgage, with the remaining 40 per cent provided in the form of a Government-backed equity loan, interest free for the first five years.
