Why all first-time buyers should have Woolwich on their radar.
With a bustling Thames-side community and a multitude of connections around London thanks to the Uber Boat and Elizabeth Line, the historic town of Woolwich presents a unique and affordable opportunity for young professionals seeking a foothold on the property ladder in the capital.
Compared to its Zone 4 riverside counterparts – such as Richmond and Greenwich, where the average price of flats are over half a million pounds – buyers can purchase a one-bedroom studio apartment from just £269,000 and enjoy all of the benefits of living on the water’s edge, yet still only fifteen-minutes from Central London.
Sheldon Boothe, Regional Manager of New Homes East at Foxton’s, says, “We have seen a noticeable uptake in interest for Woolwich as an area.
Buyers have been drawn to Woolwich for its transport connections, particularly the opportunity to be in Zone 4 and within walking distance to an Elizabeth Line station, with its affordability a close second.
Woolwich has been transformed in the last ten years, and with the continued regeneration promised by the purchase of the Woolwich Estate by British Land, now is a great time to consider buying in the area.”
Excellent Connections
Woolwich offers a plethora of transport connections being home to both Woolwich station; with access to the Elizabeth Line; and Woolwich Arsenal; offering the DLR and direct trains to neighbouring Greenwich and Waterloo East.
Those seeking a more scenic route to work can enjoy direct connections to Canary Wharf via the Thames Clipper in just 32-minutes. Continuing the nautical theme, locals will also benefit from the Woolwich Ferry, which operates for free and connects Woolwich to North Woolwich.
Both business and leisure travellers can reach London City airport in just 23-minutes, offering connections to Barcelona, Geneva, Milan and more.
A Waterside Community
Perched on a large expanse of the Thames, Woolwich offers residents all of the benefits of living on the water. The Thames Path parkrun takes place from Woolwich every Saturday at 9am, where participants can walk, jog, run, volunteer or spectate a scenic route along the river with views of the capital.
Woolwich also lies on the Thames Path, a walking trail spanning more than 185 miles from its source in the Cotswolds. On a sunny day, Woolwich residents can ramble along from Woolwich to Greenwich on an 11km walk, passing numerous landmarks along the way, including the O2, London’s famous cable car, the Maritime museum and the Cutty Sark. Pubs are also plentiful on this route, allowing for alfresco lunches and refreshments.
Each summer, Woolwich Works becomes home to a pop-up beach bar – complete with sand and deck chairs – with live music, specialty cocktails and draught beer for visitors to soak up the waterside vibes.
A Buzzy Atmosphere
Those making the move from busy rental hubs such as Clapham, Brixton and Angel won’t be risking any loss of atmosphere when it comes to Woolwich, with the town being home to a bustling high street with many essential chains including TK Maxx, Primark, Superdrug, Boots and WHSmith as well as independent restaurants and cafes.
For the evenings, there is a variety of pubs and bars to enjoy, including Dial Arch – restored from an 18th century munitions factory – the Tramshed, South East London’s famous comedy club and Woolwich Works, a cultural hub hosting live music, art exhibitions and dance performances.
Affordable living at Dock28
Priced from £269,000 – almost half the price of its Zone 4 counterparts, Dock28 offers all of the benefits of riverside living without the price tag.
Spread across two buildings, Anchor Court with eight floors and Broadwater House with 12, residents will benefit from beautifully landscaped private communal podium gardens. Each apartment comes with its own private balcony or terrace and are located just a stone’s throw from the River Thames and the Thames Path, a 182.5 mile walking trail which leads to the river’s source in the Cotswolds.
Those living at Dock28 will reap all the benefits of riverside living, as with quick access to the Thames offers picturesque riverside stroll or run with great views of the river and city, whilst also leading straight to a number of galleries, art centres and beyond.
For more information on Dock28, visit: https://www.fairview.co.uk/developments/dock28/
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About Fairview New Homes
Fairview New Homes has built homes in and around London for over 60 years. Known for its ability to build good value homes in undiscovered spots of London, Fairview benefits from utilising its own contractors to keep costs down and guarantee a more reliable turnaround from reservation to picking up the keys.
Fairview prides itself on helping first-time buyers get on the property ladder and builds affordable homes which are perfect for those looking to take their first step into home ownership. The Save to Buy scheme is just the latest way it’s helping first-time buyers.
For information on Fairview New Homes, visit: www.fairview.co.uk
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