Newspaper article The Evening Standard (London, England)

An Electric Shock London's Young Buyers Will Love; More Than 100 Shared-Ownership Homes Close to Brixton's Buzz Start from Only PS85k at Electric Quarter, Says Ruth Bloomfield

Newspaper article The Evening Standard (London, England)

An Electric Shock London's Young Buyers Will Love; More Than 100 Shared-Ownership Homes Close to Brixton's Buzz Start from Only PS85k at Electric Quarter, Says Ruth Bloomfield

Article excerpt

Byline: Ruth Bloomfield

SHOULD someone tell you that just half a mile from Brixton Market you can buy a starter flat for PS85,000, you might think they have enjoyed one too many mojito royales at Lounge in Atlantic Road.

However, the first of more than 100 affordable homes aimed at first-time buyers priced out of the gentrified areas of Brixton have just gone on sale, with more to be released next month. One-bedroom flats at Electric Quarter start at PS85,000 for a 25 per cent share. As well as mortgage repayments, buyers will pay PS539.06 a month rent, and PS145.61 service charge.

Two-bedroom flats start at PS102,500 for a 25 per cent share, and rent on these larger homes will be PS640.63 a month. The same monthly service charge applies. The flats are all about light, with dual-aspect living rooms and floor-to-ceiling windows. The colour palette is neutral -- buyers can choose between, white, anthracite or "cashmere" kitchen units -- so these homes cry out for someone to put a personal stamp on them.

HomesWITH DESIGN CRED The scheme is part of the transformation of Loughborough Park, a Thirties estate, in a joint enterprise between social housing specialist Guinness Homes and Countryside Properties. Their regeneration programme will create almost 500 new homes to rent or buy in medium-rise blocks around a central courtyard, to a design by awardwinning architects bptw. It's a 12-minute walk from Electric Quarter to Brixton Tube in Zone 2, with the Victoria line to Oxford Circus, or Loughborough Junction has trains to St Pancras International in under 20 minutes. Green space is provided by Loughborough Park itself, while much larger Ruskin Park is a 10-minute walk away. The brilliant Ebony Horse Club, which gives inner-city kids the chance to learn to ride, is just up the road.

Brixton, so conveniently close, has more shops, bars, cafes, restaurants, delis and nightclubs than anybody could need, but if the new residents of Electric Quarter don't fancy the walk, options around Loughborough Junction station include the Platform Cider Bar, and there are neighbourhood restaurants in the upper reaches of Coldharbour Lane. …

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