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Shut the front door – young couple pay £500 a month for London penthouse

£500 For London Penthouse

Insurance broker Nick Davis, 21, and his partner, social media manager Laura Southgate, 23, set their sights high for their first home, reserving a one-bedroom penthouse at Inspired Homes’ Sutton Court development in the London Borough of Sutton for just £345,000.

The contemporary 82-unit scheme is designed for modern living, with high spec, high tech features including NEST Smart thermostats, 1GB Hyperoptic broadband (the UK’s fastest), engineered hardwood floors, Bosch appliances, granite worktops and Villeroy & Boch bathrooms.

Their one-bedroom penthouse benefits from a unique hallway-free design that maximises the full potential of the 52 sq m (560 sq ft) of floor space, while floor to ceiling French doors open onto private balconies offering far reaching views of the London skyline.

Nick and Laura had both been living locally with family. They were drawn to the high specification and central location of Sutton Court, but it wasn’t until they arrived on the top floor that they fully appreciated the incredible vistas.

Nick said: “We hadn’t thought much about the views, we just wanted to buy a penthouse for the extra space, but when we saw the London skyline and the city spread out before us we couldn’t believe our eyes. We can’t wait to move in and start enjoying our new home.”

Nick and Laura used a 40% Help to Buy London equity loan, interest free for five years, to buy their penthouse apartment and put down a 7% deposit of £23,100. They then took out a mortgage from Nationwide for the remaining £183,900 on a 1.54% two-year fix with a 40-year term. The couple will make monthly repayments of only £513, or £257 each.

Located in the heart of Sutton, Sutton Court is just 27 minutes by train from London Victoria and 34 minutes from London Blackfriars for access to the City.

Only three penthouses remain for sale with prices starting at £379,950. Contact the sales team on 020 8688 6552.

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