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Entire block of flats sold out in month after lockdown as London property market booms

·1-min read
 (The Malins Group)
(The Malins Group)

More than 20 apartments being built at a former police married quarters block in Greenwich have sold within a month in the latest sign of the strength of London’s property market.

The 21 flats at Swanne House in West Greenwich launched on April 12, the day that “non-essential” shops and pubs and restaurants reopened after lockdown.

Half were sold that day with the rest now snapped up for a total of £13 million. Priced ranged from £355,000 for one beds to £675,000 for three-bed duplexes with studies.

Lauren Atkins, managing director of Swanne House developer The Malins Group, said: “The response has been phenomenal and we are thrilled that all the apartments have sold to owner occupiers, mainly local people.

One of the sold-out flats
One of the sold-out flats

“We launched on the day the lockdown ended and had sold 50 per cent within five hours. The first to sell were three bedroom apartments because buyers want home work space.

“We redesigned the configuration of the building as a result of the pandemic, reducing the number from 29 to 21 flats, providing three bedrooms to create home working space and access to private gardens, plus four ground floor one bedroom suites with outdoor space.”

The building had stood empty for 20 years until sold by the Metropolitan Police in 2019.

The development is expected to complete in September 2021.

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