A staggering £42 billion of inheritance wealth has skipped a generation over the last five years, with over half (57%) of parents aged over 55 choosing to pass it onto their children and grandchildren in a bid to help them buy their first home[1]. For first time buyers looking to make their mark on the property market independently, Notting Hill Genesis is offering an exciting opportunity to purchase a new home in what is fast becoming one of London's most sought after Zone 2 districts. Proudly occupying a spot on Queen's Road, SE15, Peckham Place delivers a striking collection of one, two and three bedroom apartments. Available to buy with Shared Ownership, purchasers can secure a 25% share in a one bedroom apartment with deposits starting from just £10,625*.

Shared Ownership offers aspiring buyers the opportunity to buy a share of a home's value, between 25% and 75%, while paying a subsidised rent on the remaining share. The lower deposit level required with the Shared Ownership scheme, means buyers need only put down a deposit on the share they purchase and not the full market value of the property. Shared Ownership also means you can become a home owner with a lower level of savings than if you were to buy the same home outright. Buyers can also choose to buy additional shares on their property as and when they can afford to, right up to 100%.

Enjoying a well-connected location in the heart of this trendy south-east corner of London, residents at Peckham Place can effortlessly reach central London in just ten minutes from Peckham Rye station and in eight minutes from Queen's Road stations, both just a few minutes' walk from home. Rivalling the likes of Shoreditch and Dalston, Peckham certainly packs a punch for those wanting to be in the middle of it all, with its fashionable and creative hub brimming with a selection of trendy rooftop bars, thriving restaurants, quirky cafes and independent shops, there is something to suit everyone.

Jim Munson, Head of Marketing at Notting Hill Genesis comments: “Peckham Place delivers everything you could want in a new home – a fantastic specification, outdoor space, residents' parking and excellent access to transport links, within a thriving neighbourhood. The availability of Shared Ownership makes the possibility of living and owning a home in this bustling London location a more affordable reality, especially for buyers who perhaps don't have financial support from friends or family members. This is something that Notting Hill Genesis is passionate about, we aim to make home ownership affordable, without compromising on quality, style, location or specification.”

All the Shared Ownership properties offer spacious and well-planned layouts, coupled with a high specification throughout. Fully fitted kitchens come with integrated Zanussi appliances and many homes feature their own outdoor space in the form of a garden, terrace or balcony with privacy glass and off-street parking. Other features include integrated eco recycling bins, low energy recessed lighting and floor to ceiling height fitted wardrobes in the master bedrooms.

Peckham is an area with something for everyone. From 1980s video game fun at Four Quarters to a plethora of music, comedy, theatre, film and art events at the CLF Art Café, this pocket of London is awash with entertainment possibilities. Locals can enjoy art installations and sip cocktails while enjoying panoramic views of South London from the roof of Bold Tendencies or head down to Peckham Bazaar for an outstanding yet affordable feast. Away from the bustle, Green Flag award winning Peckham Rye Park and Common is just over a mile from Peckham Place, where residents can explore 113 acres of open green space, woodlands, lake and park trails.

Prices for a one bedroom Shared Ownership apartment at Peckham Place start from £106,250 for a 25% share of £425,000. For a two-bedroom apartment, prices start from £137,500 for a 25% share of £550,000. To register your interest or to book your viewing, please visit www.nhgsales.com or call 020 3815 2222.

-ENDS-

For further media information, please contact Emma Heaney or Emily McKay at The Oracle Group on:

020 8394 2821 or email emma@oraclepr.co.uk

[1] https://www.onefamily.com/our-story/media-centre/2019/8-5-billion-inheritance-skipping-a-generation-every-year/

*10% deposit figure is based on a purchasing a 25% share of a one-bedroom apartment with a full market value of £425,000

NOTES TO EDITORS

About Notting Hill Genesis (NHG)

Notting Hill Genesis is one of the largest housing associations in the country, with around 64,000 homes across London and the south-east, serving more than 170,000 residents. It was formed in April 2018 when Notting Hill Housing amalgamated with Genesis Housing Association. It is a social enterprise committed to creating thriving communities and providing homes for lower-income households.

NHG owns and manages homes across a range of tenures including social, affordable and private rent, leasehold, care and support, temporary housing and Shared Ownership, of which we are the largest provider in the country. For more information, visit www.nhggroup.org.uk