New homes in Thamesmead, SE2. Move in autumn 2026.
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Location
Thamesmead, SE2 9SH
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Bedrooms
1, 2 & 3-bedroom apartments and duplexes
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Ways to buy
Private sale / Shared Ownership
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Prices
Private sale from £355,000 / Shared Ownership from £83,125 for a 25% share
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Deposit required
Private sale from £35,500 (10%) / Shared Ownership from £8,312 (10% of 25% share)
Lakeside living. More than just a view.
Imagine a beautiful new home beside the lake, surrounded by green and blue space. It’s hard to believe you're still in London, yet Canary Wharf is just 11 minutes away.
Private sale over 60% sold.
Reserve this summer and receive a £2,000 shopping voucher.*
Shared Ownership now launched.
Reserve this summer and receive £2,000 towards your legal fees.*
Available homes
We have 24 homes available
Financial information provided is estimated and should be used for guidance only. Speak to an Independent Mortgage Advisor for more details about the costs involved with buying a home.
Take a closer look...
CGIs (Computer Generated Images) are indicative only
CGIs (Computer Generated Images) are indicative only
Life on the water at Southmere Lake
Experience lakeside living in Thamesmead like nowhere else. Southmere offers a unique blend of tranquil lakeside vibes, abundant green space and ultra-fast connections, located in a prime spot in Thamesmead in south east London.
Transport links
Places of interest
Why buy at Southmere
Make your home beside Southmere Lake and enjoy vistas you can paddle across, journeys into London you can make in minutes and roots you can put down for life.
- Elegant, design-led apartments
- Private balconies to all homes
- Lakeside living
- Residents' lounge, co-working space & concierge service
- Residents' cinema & entertainment room
- 5-mins to the Elizabeth Line at Abbey Wood
- 11-mins to Canary Wharf & 25-mins to Bond Street
- Anytime Fitness, Co-Op and art centre Taco on-site
Amenities subject to change. Entertainment room coming in phase 2 and only available to residents in Skyline. Travel times are approximate and taken from Google Maps.
Show homes now open!
Book to explore our brand new 1 and 2-bedroom show homes.
What is Shared Ownership?
Alongside the homes available through private sale at Southmere, we also have homes available through Shared Ownership - a government-backed part rent, part buy affordable buying option.
About Shared Ownership
Shared Ownership can help first-time buyers in Thamesmead helps first-time buyers get onto the property ladder in a more affordable way. You can usually buy an initial share of 25% to 75% of the value of a home, and you’ll need to take out a mortgage to pay for your share of the home’s purchase price.
You will then pay a subsidised rent on the share you don’t own, and there will also be a service charge to make up the monthly cost of buying through Shared Ownership.
By buying through Shared Ownership, you will need a smaller deposit compared to buying on the open market, this option significantly reduces the upfront costs - especially if you’re looking at new build homes in Thamesmead. It will also make you an owner-occupier in your home giving you the same responsibilities as a home owner.
Advantages of Shared Ownership
✔ It’s a more affordable way to purchase a home without needing a huge deposit
✔ You can own a high quality, new build home affordably without compromising on location or quality
✔ You can buy as much of the property as you can afford, staircasing to buy more shares in the future
✔ It’s a great way to get out of the renting cycle and become a home-owner
✔ You will own the home and be able to decorate it however you like
✔ You can sell your home at any time and will benefit from any increase in value
Invest in your future
The planned £9 billion of investment across 200 acres makes this town one of the biggest regeneration projects in the UK, bringing benefits for both private sale and Shared Ownership homeowners alike.
*Analysis provided by Peabody, Thamesmead, Ordnance Survey 2024, Dataloft by PriceHubble, Land Registry, Ofsted 2022/3, BRES 2023, CBRE. For full details, see the investor guide.
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29% 10-year price growth forecast for south east London
Making the Southmere regeneration a significant growth opportunity.
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On average £783,451 cheaper than Liverpool Street
Liverpool Street is 17 minutes away but average new-build apartment prices at Southmere are £783,451 less expensive, a saving of £46,085 per additional minute of commute time.
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Rental yield up to 6.3%
Average yields have risen substantially in south east London over the last 5 years, with rental growth forecast to continue.
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Rental values up to £650 per week/£33,800 annually
The rental market in the local area is thriving and expanding, drawing in well-paid renters working in London’s employment hubs.
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8% higher average rent for homes near Elizabeth Line stations
With the opening of the Elizabeth line at Abbey Wood, journey times into Central London have halved, making Southmere one of the best-connected developments in south east London.
Don't just take our word for it...
Read a collection of homeowner stories from recent Peabody New Homes customers.
"Having commuted to Canary Wharf from Kent, the fact I’m now able to reach work in 11 minutes is truly amazing. A few years ago, I would never have believed I’d be living with such a quick travel to central London!"
"The show home and sales team were great. The flat I’ve chosen has a view of London, which is very rare, especially for the price!"
Register your interest
Delivered in partnership with Lovell Homes
Peabody New Homes is working jointly with Lovell Homes to provide 329 new homes in Thamesmead.