Bellway London Unveils New Homes at Bexleyheath

A real estate developer is handing over 518 new homes to its Eastside Quarter development in Bexleyheath.

The site will transform the former civic offices on Broadway.

218 additional private apartments will have been 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 the 400 apartments have been bought for private sale and most are already occupied.

The remaining properties are provided as “affordable housing” for 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 the 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 sought-after apartments. .

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

Bellway London has also made plans for Liberty Court, slated for completion in the fall of 2022.

What is the Help to Buy program?

The Help to Buy program was introduced by the Government which aims to help first time buyers in the real estate market.

Help to Buy offers buyers a new build house worth £ 600,000 with a five per cent deposit and a 55 per cent mortgage.

The remaining 40 percent is provided in the form of a government-backed equity loan, interest-free for the first five years.

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The plan was first announced in April 2013.

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