New Homes at affordable prices come to SE26
Celebrate Opening Day at 2pm on Sunday 2nd April
Eleven affordable homes in Citizens House near Brasted Place, built for and by Lewisham residents, are officially opening at the end on March.
The homes are close to St Bart’s Primary School between Sydenham Park and Peak Hill. See map HERE
The culmination of a decade-long story of community power and determination, Citizens House has been created and designed by local people. Now, families who have roots in the area are finally moving into their brand new homes, which are permanently affordable because the home prices are linked to local earnings in perpetuity.
Citizens House is the first community land trust in London that has been directly created by the community using London CLT’s unique affordability model, in partnership with Lewisham Citizens, Lewisham Council and the Greater London Authority.
Previously an underused garage site, Citizens House’s 11 new homes are genuinely affordable because home prices are linked to average incomes in Lewisham. 2-bedrooms are priced at £272,500 and 1-bedrooms are priced at £215,000, approximately 65% of the market price for homes in the same neighbourhood, meeting the needs of local people who otherwise would be priced out of their communities. When residents move out, they must resell their homes at prices continually linked to local incomes, meaning they will be permanently affordable for generations to come.