close
close

“We can’t afford to buy a house in London so we’re building our own”

Meet first-time buyers coping with rising London house prices – by moving into build-your-own properties. The average cost of a house in the city was £720,000 last year – far more than anywhere else in the country.

Too big for many Londoners, this created a gap in the market which was filled by a self-build scheme. People have started to move into the community in Ladywell, Lewisham, where all 36 homes are priced capped.




The properties have some rooms – kitchen and bathroom – already installed. Residents then build the rest, with self-build managers, an architect and a carpenter providing training to residents.

And the scheme is proving popular with the waiting time for a property currently at nine YEARS.

READ MORE: Amazon slashes £172 off Hoover vacuum cleaner with ‘amazing suction’ and ‘makes life easier’

“Building your own home is one of the best feelings you can have”

Rory Wakefield, a musician, is still building his house and is currently working on laying his floors. He bought his flat for around £300,000 a month ago. As a first-time buyer, he was delighted to own a home and says he is a long-time fan of the scheme.

Homeowner Rory Wakefield works on his home(Image: No credit)

He said: “I wouldn’t have been able to get a house without this scheme. It makes it accessible. I was born and bred in Lewisham and I could never have stayed here without this scheme.

“It’s a very positive scheme. They should definitely do more, they need them. The government just want to put things in to make a quick buck, they don’t really care about helping people.”

Related Articles

Back to top button