Pocket flats: new Croydon tower homes for sale 20% below local rate for London first-time buyers

A new batch of discounted “pocket” flats in Croydon’s tower block will be put on the market. The apartments are priced at a 20% discount to the local market and start at GBP260,000. A further 82 flats and 41 shared ownership homes will be available in a later stage. This joint venture between Pocket Living and Optivo is aimed at Londoners who want to climb the ladder. Foxtons reports that the average flat price in the borough was GBP353,916, with the Addiscombe Grove tower being built using a modular construction method. The homes are manufactured offsite and then dropped into place. The interior of a Pocket Living Flat in East Croydon / Matt Livey. All flats are one-bedroom. They have three rooms: an open-plan kitchen and living area, a double bedroom with a wet room, and a large walkin shower. Additional storage is available in the hallway and bedroom. The hallway and bedroom have additional storage. The building also features a residents’ lounge and a yoga studio. “We are committed to making 100 percent homeownership a reality for those who make a significant contribution economically, socially, and culturally to the capital’s day-to-day lives. This is why Pocket Living has taken great care in designing our communal amenities. “Pocket Living was founded in 2004 and is a model for small flats that targets those who are struggling to get onto the London housing ladder. Its apartments measure 38m2, which is just above the minimum size for a one-bedroom flat in the UK. The East Croydon scheme was funded by Sadiq Khan. Pocket Living was funded by the London Mayor in 201. A third of the homes will be built off-site to speed up delivery.