# South Londoners Offered Help To Buy In Croydon Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-02-21 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Affordable Homes in Croydon with London Help to Buy Meta Description: Discover Bellway's Penhurst Square in Addiscombe, CR0, with prices starting from £288,995 and London Help to Buy option for deposits as low as £14,500. URL: https://financedigest.com/south-londoners-offered-help-to-buy-in-croydonhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/1-26-1736844168197-compressed.jpg) According to recent figures from the Halifax, more first time buyers managed to get their foot on the property ladder in 2016 than in any year since 2007 [\[1\]](#_ftn1).  As prices in London continue to soar, the report also shows that the average deposit by new entrants to the housing market has grown four-fold in the past decade, from £26,701 to £100,445. For those priced out of the market in London, buyers are encouraged to look south to Croydon, where Bellway has a collection of homes available at Penhurst Square in Addiscombe, CR0, with prices starting from £288,995 and available with London Help to Buy, meaning a deposit from as little as £14,500, a fraction of the capital-wide average. Addiscombe has had a property revolution in the past five years, as the prices of homes have increased by 50.4%, according to property portal Zoopla. The regeneration of Croydon is helping with [growth as a vast redevelopment project](https://www.financedigest.com/lightweight-compact-wheel-loader-market-are-projected-to-total-us-1-64-bn-by-2022-exhibiting-growth-at-2-7-cagr-over-the-forecast-period-2022-2030.html "Lightweight Compact Wheel Loader Market are projected to total US$ 1.64 Bn by 2022, exhibiting growth at 2.7% CAGR over the forecast period 2022-2030") is underway that looks to transform the area, bringing wealth, jobs and far greater infrastructure. Penhurst Square is available to purchase with the added benefit of Help to Buy and for buyers looking for an apartment with great travel links into Central [London this should be high on the list](https://www.financedigest.com/london-stock-exchange-pours-cold-water-on-merging-listing-segments.html "London Stock Exchange pours cold water on merging listing segments"). Addiscombe is located east of Croydon and offers Tramlink services to East Croydon and Wimbledon less than a 10 minute walk from the development. The proximity to the fast and frequent rail connections to Clapham Junction, London Charing Cross, London Victoria, Gatwick Airport and Brighton makes the district an excellent choice for commuters. Mark Harrop, Head of [Sales at Bellway Homes South London](https://www.financedigest.com/top-auction-houses-cancel-russian-art-sales-in-london.html "Top auction houses cancel Russian art sales in London"), comments: “Homes that offer Help to Buy in London are in demand, and it is easy to see why with property prices in London growing as fast as they are. As a result, developments such as Penhurst Square are giving London buyers an option that doesn’t mean leaving the capital, and are selling fast. Anyone that can utilise the Help to Buy scheme is encouraged to talk to us, our sales teams are experts in making [home](https://www.financedigest.com/demand-for-secure-and-safer-home-environment-will-increased-revenue-sales-of-baby-gates-market.html "Demand For Secure And Safer Home Environment Will Increased Revenue Sales Of Baby Gates Market") sales happen.” Penhurst Square is contemporary collection of one, two and three bedroom apartments and four bedroom houses, catering to a range of buyer types including first-time buyers, growing families and downsizers. The Cavenagh is a one bedroom apartment, perfect for a young professionals. It features an open-plan kitchen, living and dining area, a modern bathroom and a balcony. The kitchens are thoughtfully designed with contemporary finishes, with sleek, fitted cabinets and a range of integrated appliances. Large French doors open out onto the private balcony, flooding the homes with natural light. The bedroom benefits from fitted wardrobes and accesses directly to the bathroom, which features Roca white sanitary ware, ceramic tiling and modern [chrome detailing](https://www.financedigest.com/automotive-chrome-trim-products-market-industry-analysis-and-detailed-profiles-of-top-industry-players.html "Automotive Chrome Trim Products Market: Industry Analysis and Detailed Profiles of top Industry Players") throughout. Several convenience [stores and supermarkets](https://www.financedigest.com/out-of-stocks-in-supermarkets-and-grocery-stores.html "Out of stocks in supermarkets and grocery stores") are within walking distance, and the much larger selection in Croydon can be easily reached on foot or by car. In addition, sports fans will enjoy the facilities at nearby South Norwood Leisure centre, just over a mile from Penhurst Square, with its two swimming pools, gym and exercise studios, and Addiscombe recreation ground, just 10 minutes’ walk away, offers [tennis and basketball courts](https://www.financedigest.com/tennis-raducanu-wont-let-off-court-commitments-interfere-with-training.html "Tennis-Raducanu won’t let off-court commitments interfere with training") and football pitches for sporty residents. Croydon Partnership is creating a new state-of-the-art retail and leisure centre within the heart of the city which is due to complete in 2020.  The centre will boast over 300 shops, boutiques, restaurants and bars; this will transform Croydon into a go to destination in its own right. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---