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11 August 2004
Increased property prices in areas such as Wimbledon, Earlsfield and Southfields in recent times have encouraged purchasers to look elsewhere in South West London. Nearby Colliers Wood and Merton are less familiar areas, but offer better value for money.
Sam Latham, Neil Maher and Mark Erasmus have all purchased at Countryside Properties’ development Abbey Mills, in Merton because the surrounding areas of Earlsfield or Wimbledon did not fit into their budget. Abbey Mills is just five minutes away from Colliers Wood and first-time buyers can pay from £185,000 for a new, spacious one-bedroom apartment.
Abbey Mills is situated on the River Wandle, adjacent to the picturesque Merton Abbey Mills market which is currently hosting ‘Abbeyfest’, the summer festival of live theatre, jazz and blues. The market atmosphere appealed greatly to Mark Erasmus, an IT analyst who is moving from Wimbledon to Abbey Mills to get more for his money as a first-time buyer.
Mark said: “I rented in Wimbledon for three years but could not see how I would be able to afford to buy there. I enjoy going out and the general atmosphere in Wimbledon, but on visiting Abbey Mills I was impressed with how welcoming it was. Access to the tube, bus and tram are all very easy and I can get to Wimbledon to meet up with friends very quickly. I had seen developments by Countryside Properties before, so I trusted the quality and was extremely impressed by the space you get for your money. I also think the area has great potential to really thrive in the future, in fact it has already started to”.
For buyers who set out to buy period style properties, but are disappointed with the proportions compared to the price, new build has become an attractive option. For Sam Latham and Neil Maher, Earlsfield was good for renting but buying a spacious period style property on their budget was difficult. Instead they decided to look at the surrounding are0as and Abbey Mills appealed, especially the space they managed to get within their budget.
Sam said: “We enjoyed living in Earlsfield and initially planned to buy a traditional property in the area. We were shocked with what was available in our price range and the lack of space within the period style properties. We surprised ourselves by buying new build, but you get so much more for your money! I also like the fact that no-one has lived there before and it’s a really interesting design. I especially liked the open-plan living area and the big windows, which portrays an extra sense of space. We were impressed with the amenities that are already there, such as the Sainsbury’s, the Italian restaurant and the planned new restaurants and the Virgin Active gym will add great appeal”.
Once complete, the development will comprise 288 one, two and three bedroom contemporary apartments, two new restaurants, a Premier Lodge Hotel, a Virgin Active Health and Fitness Centre with a 25m swimming pool. This scheme will provide employment opportunities for local people with 250 new jobs created, and will improve the local environment with the many landscape improvements planned.
Merton Abbey Mills is just 30 minutes away from Central London, with South Wimbledon and Colliers Wood underground stations within a few minutes walk. The new east-west Tramlink, which connects Wimbledon with Croydon and Beckenham, can be reached from Morden Road or Merton Park. There are also good road links via the A3 to the M25, Heathrow and Gatwick airports and the national motorway network.
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Information correct as at 11/08/2004