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Average cost of first-time buyers homes soar by £160,000 in London

For many first-time buyers, London seems completely unattainable as the cost of an average first-time buyer home reaches £522,105. Despite these prices, demand for first-time buyer homes in the capital remains stronger than ever.

Despite these prices, demand for first-time buyer homes in the capital remains stronger than ever.

The government’s Help-to-Buy scheme is helping some Londoners to get a food on the ladder and is fuelling this high level of demand, but even in the cheapest boroughs, buyers are looking at a minimum price of  £230,000.

Interestingly, estate agent eMoov’s analysis of Land Registry data reveals more than 90% of boroughs have had the average price paid by first-time buyers and the average cost of a first-time buyer home has increased by at least £100,000 in just four years.

Both Croydon and Sutton are two of the most affordable yet well-respected areas to buy in, with average prices in Croydon sitting at £301,001 and £312,900 in Sutton.

We have made a huge effort to bring new-build homes to market for less than £300,000, ensuring that hard-working Londoners have a realistic chance to get onto the market.

Green Dragon House 

Perfectly located in the heart of Croydon, Green Dragon House has been transformed into 119 award-winning one and two bedroom luxury apartments ushering in a new era of stylish, urban living. With high specification finishes that rival the biggest names in the industry, Inspired strives to deliver brilliant living at a price you can afford – with Bosch kitchen appliances, granite work surfaces, beautiful bathroom fittings and engineered hardwood flooring. Furthermore, residents can benefit from the stunning shared facilities including a roof terrace with BBQs and cool urban furniture and landscaping.

Prices start at £284,950

Coombe Cross 

This exciting redevelopment is one of a collection of Inspired Homes developments in the Croydon area and will feature 90 x 1, 2 and 3-bed high specification apartments.   We strive to deliver the highest quality finish across all our developments, therefore you can expect superb, top of the range specifications including, Bosch kitchen appliances, engineered hardwood flooring, granite worktops, beautiful Bathrooms with Villeroy & Boch Sanitary ware, NEST Smart Thermostat, Concierge Service and 1GB Superfast Hyperoptic Broadband.

Situated in a superb location close to South Croydon’s Restaurant Quarter, Coombe Cross is just a short walk to both East Croydon and South Croydon Stations.  Services to Clapham Junction (9 minutes), London Victoria (16 minutes) and London Bridge (17 minutes), make this development a safe and buzzing central hub for residents to enjoy.

Coombe Cross residents will have access to the superb facilities at Green Dragon House, a fellow Inspired development, which includes a Private Residents Lounge, Skyline Roof Gardens (with Table Tennis, BBQs and sheltered seating) all yours to enjoy at a minimal cost, paid through Service Charge.”

Prices start at £287,950

Surrey House 

Surrey House is right in the heart of the original historic centre, a stone’s throw from Matthew’s Yard – a bohemian square full of charm and character. The manicured lawns of The Queen’s Gardens are a block away, while the wide-open space of Wandle Park is just 10 minute’s walk.

We currently have a select amount of apartments available, including the final penthouse.

Prices start at £290,000

Impact House 

Originally built as an office building, Impact House is now receiving an extensive programme of upgrading, refurbishment and development to create a new era of stylish living.

Impact House is centrally located next to Croydon’s town centre, and upcoming civic hub. Croydon’s three stations are also nearby, with speedy service into central London.

Now transformed into a light filled landmark setting for contemporary apartments, this Inspired Homes development offers high specifications throughout. Every home incorporates efficient heating and lighting, the UK’s fastest broadband, high-quality fixtures and fittings and an open-plan interior designed for modern, luxurious, urban living.

Prices start at £304,950

To find out more information please email sales@inspiredhomes.uk.com or call 0208 688 6552 

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