Help to Buy near Elephant and Castle
Elephant Park is one of the capital’s greatest reinventions. And if you invest here, you’ll be reaping the rewards in years to come. Where is it? In Elephant and Castle of course. Once-upon-a-time, this corner of Southwark conjured dreary images of concrete and quite possibly, one of London’s ugliest shopping centres. And if you’ve ever cycled around its multi-lane double roundabout, you’re made of stronger stuff than most. Fast-forward a few years, however, and a whole new aesthetic is slowly transforming this southern corner of the capital thanks to a whopping cash injection of £3 billion.
How is the skyline changing?
New contemporary and design-focused housing developments. As for the roundabouts, they’re still there but they’ve had a bit of a facelift, and the shopping centre is being perked up too. Thanks to the transformative works, a crowd of bright young things are moving in, bringing a fresh, creative energy that’s spawned a bunch of interesting independent enterprises: look to the Artworks Hub – a collective of yoga studios, foodie joints with far-flung flavours and quirky clothes emporiums. There’s also Lost Rivers Elephant – a thriving new entertainment space, crafted from shipping containers, where live bands, performance artists and comedy acts take to the stage.
What can we expect from Elephant Park? Big things. It’s an intensive regeneration project bringing 3,000 new homes to the borough by 2025, plus shops, restaurants, cafes and workspaces. This is all centred around a vast rambling park - the largest new green space in central London for 70 years - peppered with children’s play areas, cycle paths and meadows. All this and you’re still in Zone 1 with fast links thanks to nearby Elephant and Castle underground station (Bakerloo and Northern) and Elephant and Castle railway station (served by Thameslink and Southeastern trains), as well as more than 50 bus routes.
First time buyers
Just because Elephant Park is new and innovative and in Zone 1, doesn’t mean first-time buyers won’t have a look in. Far from it. Many of the plush properties for sale in Elephant Park are available through help to buy – the government-backed scheme that helps homeowners step on the property ladder with just a 5% deposit and an equity loan that’s interest free for the first five years. What’s currently on the market? Look to West Grove – the second phase of Elephant Park – with its luxurious collection of one-, two- and three-bedroom apartments, some with spacious balconies, others with terraces and far-reaching city views; but all are light-filled, slick and modern. Buy here and you’ll also have round-the-clock concierges, an on-site gym and surrounding lush gardens. There’s also South Gardens with similarly smart apartments up for sale, many of which open to views of the landscaped courtyards.
So what are you waiting for? Create an account and Property Booking will guide you through the process and you’ll be onto a winner.