Lucy Chitty, Sales and Customer Services Director of L&Q, explores how buyers can shake up their commutes with alternative modes of transport.
Good transport links are undoubtedly top of the wish list for Shared Ownership buyers: in a recent L&Q survey, 77% of participants ranked good transport connections as the single most important factor when purchasing their first home. Yet, buyers aren’t just looking for traditional transport links such as buses and the underground; alternative means of commuting, such as the Thames Clipper and Cycle Superhighways are growing increasingly popular.
As London sees a steady increase of cyclists on the road, we’ve noticed that more and more buyers are ditching train and bus links in favour of homes near cycle routes. As well as reducing emissions in the capital and encouraging more people to get active, London’s cycle routes are creating faster and more direct journeys, making the city even more accessible than ever before. L&Q’s new homes at Morris Court are moments from Colliers Wood station on the Northern Line, but are also ideally placed for Cycle Superhighway 7, meaning residents can get from Colliers Wood to Kennington in just 30 minutes - offering an escape from early morning traffic and tube disruptions.
Shared Ownership homes at Greenwich Peninsula also offer commuters a wide range of transport options. Set alongside 1.6 miles of prime Thames waterfront, Greenwich Peninsula is just a short walk to North Greenwich station, served by the Jubilee line and benefitting from the night tube on the weekend. For the more adventurous commuters, the Thames Clipper departs from a nearby pier every 20 minutes, carrying passengers to key London destinations including Embankment and Westminster, while high flyers can make the most of the Emirates Air Line which provides a fast and scenic route to Royal Victoria in just 12 minutes. From 2018, residents will also have access to the Crossrail at Canary Wharf, which will provide fast connections to City Airport, Liverpool Street, and Heathrow Airport.
Our survey revealed that 76% of 24-35 year old renters expect to compromise on location when buying a property in London, but L&Q wants to change this. L&Q’s Shared Ownership developments are positioned in prime London locations, from swanky city pads along the riverside to peaceful homes in a new eco-development. It’s essential as a Shared Ownership provider that we create homes in a broad range of areas across the capital, close to convenient transport links, nearby shops, and open green spaces.
Prices for Shared Ownership apartments at Morris Court currently start from £102,500 for a 25% share of a one bedroom home (full market value £410,000), while prices for a one bedroom home at Greenwich Peninsula start from £96,875 for a 25% share (full market value £417,500).
To view our full selection of Shared Ownership properties, visit www.lqpricedin.co.uk