A first time buyer “proud to be a part of the East End ” has plumped for a Zone 3 property in Plaistow.
Alix Kelly now calls a one-bedroom flat at a converted east London hospital home after getting onto the property ladder through Peabody’s Shared Ownership scheme .
She opted to purchase a 50% chunk of the apartment at the Upton Village development, which combines new structures with conversions of historic buildings after renting with her brother in Shoreditch.
She said buying outright, aged 24, “would have been impossible.”
“I found I was being priced out of London, even in places I could commute from,” she said.
“The scheme was the most reasonable and realistic option for me to get onto the housing ladder with the money I had available, and this meant that I was able to purchase a 50% share of my home.”
Talking of Newham, where she previously rented, the team coordinator said the area’s speedy transport links into central London were a major plus point.
The connections mean she can get from door to desk in 40 minutes.: “It is an ideal place to put down roots for the future. I love this area and I feel proud to be a part of the east end which is why I’ve returned to Plaistow.”
Alix began hunting for her first home in April 2015.
After being rejected from three housing associations because her salary wasn’t eligible, she spotted an advert for the Peabody development.
After taking a peek at the showhome at the former Plaistow Hospital in June, the deal was sealed.
“I felt instantly at home, it felt like exactly somewhere I would live,” she said.
“I saw the floor plans for the home I was interested in and had a quick look through the window to see inside; I registered my internet that day.
“A week later, Peabody confirmed the sale.”
She moved in last November but is adamant her purchase process hasn’t stopped there.
She is now busy squirreling away savings to complete the “staircase” process to 100% ownership.
“I am a very driven person and always want to keep moving forwards,” she said. Through this scheme and with Peabody’s dedicated Residential Sales Team’s support, this is the perfect opportunity to work my way towards that goal.”
All Shared Ownership properties at Upton Village are reserved.
To find out more about Peabody’s currently available Shared Ownership homes across London, call 020 7021 4842.