New homes in Abbey Wood, SE2.
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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)
Private sale and Shared Ownership lakeside apartments available at Southmere.
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.
Shared Ownership available now. Reserve this summer and receive £2,000 towards your legal fees.*
Available homes
We have 22 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?
Homes at Lombard Square are available through Shared Ownership, a part rent part buy affordable buying option.
Shared Ownership in Plumstead 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.
By buying through Shared Ownership, you will need a smaller deposit compared to buying on the open market. If you're exploring Greenwich apartments to buy or browsing new build homes in South East London, Shared Ownership at Lombard Square offers an accessible route to homeownership.
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
Frequently Asked Questions - Shared Ownership
Explore a range of frequently asked questions about Shared Ownership homes at Southmere. For more information, register your interest and a member of our team will be in touch.
The homes at Southmere are subject to a £90,000 household income cap - the London limit for Shared Ownership.
When buying through Shared Ownership, you only need a deposit for the initial share of the home you are purchasing.
Based on a typical 10% deposit, you will need:
- £8,313 to reserve a 1-bedroom home (based on a 25% share price of £83,125 and full market value of £332,500)
- £13,350 to reserve a 2-bedroom home (based on a 30% share price of £133,500 and a full market value of £445,000)
- £14,000 to reserve a 3-bedroom home (based on a 25% share price of £140,000 and a full market value of £560,000)
This information is to be used as a guide only and you should speak to an Independent Mortgage Advisor for more details about costs of buying with Shared Ownership.
*Prices correct as of March 2026
The minimum income required will vary depending on several factors, including the share value of the home you wish to purchase, the size of your deposit, and your monthly financial commitments. Because of these variables, the minimum income figure can differ from one person to another.
The following income examples provided are for guidance only, and you should always obtain a personalised affordability assessment.
- £40,182 for a 1-bedroom apartment
- £60,380 for a 2-bedroom apartment
- £68,549 for a 3-bedroom apartment
Anyone 18+ permanently residing in the household will be included, in line with Shared Ownership eligibility criteria.
You can use our affordability calculator to get a clear picture of what you can afford when buying through Shared Ownership.
Our show homes are open for viewings, and you can reserve off-plan now for just £500.
Homes are expected to be ready to move in from autumn 2026, subject to handover from the property development company.
Delivered in partnership with Lovell Homes
Peabody New Homes is working jointly with Lovell Homes to provide 329 new homes in Thamesmead.