Added on: 16th October, 2017 by News Desk
Peabody unlocks thriving central location for First Time Buyers in Elephant & Castle
London’s leading housing provider, Peabody, launched its latest development, Castilla, this weekend on 14th October. The development, situated in the heart of Elephant & Castle, will offer 64 one- and two-bedroom apartments through Shared Ownership, making it an affordable option for First Time Buyers to get on the property ladder in a prime Zone 1 location.
Located within the regeneration area of Elephant & Castle, which has seen a £3 billion investment from both public and private money, Castilla is at the centre of an exciting new community. The regeneration will see the area transformed into a hub for both locals and Londoners with the introduction of a pedestrianised town centre, additional green spaces and an additional 450,000 sq ft of retail space.
Having historically been a metropolis for the Latin American population in London, Elephant & Castle boasts an energetic atmosphere and rich history. Residents will have access to a range of bars, restaurants and street food – including the popular Mercato Metropolitano and Toulouse Lautrec – all within walking distance of the development. For those looking to explore the arts, Castilla is the new home of the Southwark Playhouse which offers a plethora of independent plays and revivals within the development. Residents will be at the centre of a thriving artistic community.
Andrew Peglau, Head of Marketing at Peabody, comments: “Peabody is proud to provide First Time Buyers with a unique opportunity to live in Zone 1 at an affordable price. Residents of Castilla will benefit from being in the heart of an exciting regeneration area that is on the doorstep of a well-connected station.”
Situated a four-minute walk from the Elephant & Castle rail and tube stations, Castilla provides residents with easy access to the rest of London and beyond. Bank station can be reached in four minutes via the Northern Line while the Bakerloo Line sees keen shoppers reach Oxford Circus in just 10 minutes.
All apartments at Castilla come with their own private outdoor space – many of which have views across London’s impressive skyline – as well as spacious interiors. Finished to a high specification, the apartments are complete with underfloor heating and all residents will have use of the 24-hour concierge service in the lobby of the development.
Potential buyers will have a chance to view Castilla on Thursday 19th and Saturday 21st October. Prices start at £112,500 for a 25 per cent share of a one-bedroom apartment and £143,750 for a 25 per cent share of a two-bedroom, with just a 10 per cent deposit. For further information or to register interest, please visit peabodysales.co.uk or contact 020 7021 4842.