Bellway London introduces new homes in Bexleyheath

A property developer is delivering 518 new homes in the Eastside Quarter development in Bexleyheath.

The place will transform the former civic offices on Broadway.

A further 218 private apartments will be built by the end of November.

The construction of three apartment blocks, Alderton Court, Craft Court and Ernest Court has also been completed.

209 of 400 apartments for private sale have been purchased and most are now inhabited.

The remaining properties are made available as “affordable housing” to residents through rent or shared ownership, according to Bellway.

Bellway London Sales Director Emma Hamlett said: “Reaching the major milestone of completing the construction of all three buildings known as Alderton Court, Craft Court and Ernest Court in the Eastside Quarter is a positive step towards completing the delivery of these coveted buildings.

“By taking advantage of the Help to Buy scheme, many residents have managed to stay in this area, highlighting its appeal and the need for more housing across Bexleyheath.”

Bellway London has also laid plans for Liberty Court, where completion is due in the fall of 2022.

What is the Purchase Help scheme?

Assistance to the Purchase Scheme was introduced by the government, which aims to help first-time buyers enter the real estate market.

Help to Buy gives buyers a newly built home worth £ 600,000 with a five per cent deposit and a 55 per cent mortgage.

The remaining 40 per cent. granted in the form of a state-subsidized equity loan, interest-free for the first five years.

READ MORE: Proposals introduced to Meridian House in Greenwich

The scheme was first announced in April 2013.

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