Millennial couple bucks nationwide trend to buy their first home in their 20’s
Despite home ownership among millennials falling to unprecedented levels, particularly in London, new home owners at St. Paul’s Square, Andrew and Roberta, have bucked the nation-wide trend.
Figures by the Institute of Fiscal Studies, released earlier this year, revealed how home ownership among young adults has more than halved over the past two decades.
However, Andrew Kershaw and Roberta Petreniene, both 23, decided to purchase their first home together after realising how Help to Buy London could give them that all-important step onto the property ladder. Andrew, a primary school teacher in Southwark, commented: “We were living with Roberta’s mother at the time in Newham, and we knew we wanted to live together but we didn’t like the idea of renting. We knew how difficult it is to get on to the property ladder but when we realised how easy using Help to Buy London was and that we were applicable, we jumped at the opportunity to own our own home. We didn’t think it would be possible for years.”
After finding out that the couple were able to benefit from a Help to Buy London mortgage, they visited a show apartment at Countryside’s St. Paul’s Square in Bow. “We were impressed with the finish of the apartment and all of the rooms were laid out really well. We could instantly imagine how we could live there and use the space. There was lots of storage and a separate wash/drier room, which we didn’t expect in an apartment with this number of bedrooms. It ticked all of the boxes,” he said.
The couple didn’t hesitate in snapping up a new home at the development and moved into their one-bedroom apartment at the beginning of the year. Andrew said: “Our friends and family were delighted for us and many of our Christmas gifts were home-related as we were starting from scratch. We were so excited about moving in to our home.”
The couple, who have now been living at the development for the last six months, have settled in to their home and have made the most of their new space. “We discovered that we have a love of plants and we have spent quite a lot of time in decorating our balcony,” he added.
“We love living at our new apartment and even since we have moved in, we have seen the St. Paul’s Square community really grow.”
Homes at St. Paul’s Square are renowned for their elegant and intelligently designed interiors. Kitchens come equipped with a full range of appliances whilst bedrooms boast fitted wardrobes.
St. Paul’s Square comprises a collection of one to four-bedroom contemporary apartments in the thriving east London district of Bow. The area boasts a rich heritage that can be traced back to the 12th century.
Now, the area has become a cultural hotspot and is home to a number of art galleries and studios, along with the London Contemporary Opera and The Engine Rooms Rehearsal Studio. Bow is also home to the famous Roman Road market and boasts an eclectic mix of stalls. Former and notable residents include singer and songwriter Amy Winehouse.
St Paul’s Square is also ideally located within easy reach of the markets at Spitalfields and the Columbia Road flower market, open on Sundays. In addition, Westfield at Stratford City is also just under a 5-minute journey from nearby Bow Church station.
St Paul’s Square benefits from excellent transport connections. The development is within walking distance from both Mile End and Bow Road London Underground stations, providing access to the Central and District lines. Nearby Bow Church also offers access to the DLR. London’s airports, including City, Heathrow and Stansted are within five, 25 and 35 miles respectively.