Newspaper article The Evening Standard (London, England)

The Perfect Starter Is Just South of the River; Shared-Ownership Is Rare in Zone 1 -- but Ruth Bloomfield Finds It on the Menu in Foodie SE1

Newspaper article The Evening Standard (London, England)

The Perfect Starter Is Just South of the River; Shared-Ownership Is Rare in Zone 1 -- but Ruth Bloomfield Finds It on the Menu in Foodie SE1

Article excerpt

Byline: Ruth Bloomfield

THE SE1 postcode contains some of London's primest real estate -- think the South Bank, Bankside, and swathes of Southwark and Bermondsey. Not exactly first-time buyer househunting territory, you might think. But the Wandle Housing Association (wandlese1collection.com) has homes aimed at first-time buyers in two chic new developments in this "golden triangle" just south of the Thames at less than PS160,000 to just under PS250,000.

Music Box, in Grand Union Street, is being built within a cluster of new cafes, bars and restaurants in the hinterland of Blackfriars Bridge, a short walk from Southwark Tube station.

Demand is likely to be strong for its seven shared-ownership flats, which are priced from PS195,000 for a 30 per cent share in a one-bedroom property with a full market value of PS650,000.

As well as mortgage costs, buyers will pay rent at PS379 a month for a flat plus PS128pcm service charge. Two-bedroom flats start at PS247,500 for a 30 per cent share of a property with a full price of PS825,000. Rent each month comes in at PS361 and service charge at PS158.50pcm.

in tune with the buzz The Music Box (named because the London Centre of Contemporary Music is to be housed within it) will be completed in January and is in an area well worth exploring.

A decade ago it was a forbidding mashup of council flats and offices and a bit of a night-time no-go zone. Today it is all change. As well as glitzy high-rise developments, the area has become a focus for bars, galleries, and cafes.

Pubs such as the Lord Nelson and the Union Jack have had good spruce-ups, and the Blackfriars Wine Bar and Union Theatre Cafe are buzzing in evenings.

Gordon Ramsay's Union Street Cafe is a more recent arrival to the area, joined by Mark Hix's new venture Hixter Bankside, on Great Guildford Street. …

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