The Times picks Croydon as one of “the best places to buy”

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Barratt London’s NSQ allows you to “get on the property ladder”.

This week, Laura Whateley of the Sunday Times picks the “ten up-and-coming locations where prices will allow you to get on the property ladder”. Whateley included Croydon on her list, where Barratt London’s New South Quarter development is located.

The National Housing Federation commented: “First-time buyers face house prices ten times their wages in half of the local authority areas in the country”. A report from Your Move and Reeds Rains showed that “despite the best-value mortgage rates in more than four years”, the number of people getting on the ladder is declining. This has led Whateley to question “where are the places that still offer realistic value for money?” With the help of agents and property experts, Whateley has come up with a top-ten in the country, two of which are in London – Stratford and Croydon.

The improvements to infrastructure, transport and increasing number of new homes are just some of the reasons to buy in Croydon says Whateley. Barratt London’s New South Quarter (NSQ) development is located just five minutes from Croydon town centre, which is undergoing a £1bn regeneration project. New South Quarter is made up of 923 one-bedroom suites, one, two and three-bedroom apartments, all set around the River Wandle. As part of the development, Barratt London has contributed £1m to help transform Wandle Park and restore Croydon’s green areas to their former glory.

Residents at New South Quarter benefit from quick connections to central London with the Wandle Park tram station located next to the development, operating services to West Croydon and East Croydon stations. Whateley comments: “The extension of the overground to West Croydon means there are direct links to Shoreditch and other emerging parts of east London for business and socialising”. And, although Croydon is in Zone 5, “London Bridge and Victoria can be reached in 17 minutes”.

Follow the link to read the full article on The best places to buy your first home on thetimes.co.uk. Please note that this article may be available for registered users only.