Merchant’s Walk is an award winning development by Peabody and offers accommodation for first time buyers in Zone 2 of London.
Peabody has been working in London since 1862. The company was created by George Peabody, an American Banker and Philanthropist. The company only works in London and has a significant presence in the London boroughs. The company manages more than 29,000 homes which then provide housing for more than 80,000 people. These figures are set to increase as the company plans to create 8,000 new homes across the capital city.
The Merchants Walk development is located in Bow and is made up of 79 studio, one, two and three bedroomed apartments that will be available for private sale. The new development will allow young professionals the opportunity to live close to the City as well as paying competitive prices compared to other locations in Zone 2. Merchants walk is seven minutes away from Canary Warf by tube and Kings Cross is 28 minutes away from the development. For a one-bedroom apartment in the development, buyers can get the 486 sq. ft. of space which includes a private balcony for £375,000. The development is situated three miles away from central London and so is perfect for people who work in the City and Canary Wharf. In other more popular locations in Zone 2 of the city like Shoreditch and Islington, buyers can expect to pay double the price for a similar sized property to those in Merchant’s walk.
The development is located in the Olympic regeneration zone, which is an area that has received a great deal of investment over the past few years. Merchants Walk has a range of bars, shops and restaurants nearby in the Westfield Stratford City. The shopping center also has a 17 screen cinema and a bowling alley as well as a casino.