From £113,750: Herne Hill's Scandi design flats for first-time buyers

These new Herne Hill flats are aimed at buyers struggling to get on the property ladder. They offer light, bright, Danish charm and super-fast train links from south London.
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An outpost of Scandinavian cool is coming to south London and first-time home owners will be able to buy into it from less than £114,000, enjoying not only superlative design, but also a super-fast commute.
CF Møller, the Danish architects responsible for the Darwin Centre at the Natural History Museum and the basement gallery at the National Gallery, have created a pared-down, low-rise block with 34 homes aimed specifically at young buyers priced off London’s increasingly steep housing ladder.


Milkwood Terrace in Herne Hill is an elegant brick-and-white render building with a roof terrace for the exclusive use of its new occupants, who will be able to move in this month.
Prices start at £113,750 for a 35 per cent share of a one-bedroom flat with a full market price of £325,000.
Buyers need to factor in monthly rent of £440 and a service charge of £94, and housing association Peabody has set a minimum annual income criteria of £44,000. This, however, is based on buyers raising a 10 per cent deposit of £11,375. Those who can raise a little more will be considered, even if they earn less.

Two-bedroom flats start at £123,000 for a 30 per cent share. Rent on these larger properties comes in at £598 a month and £108 service charge. Applicants must have a minimum annual household income of £52,000.
There are also three-bedroom homes priced at £135,000 for a 25 per cent share. Rent on these properties has been set at £844 a month and service charge at £119, with minimum household income at £64,000. All homes have a private outdoor space, white gloss kitchens and a modern, airy feel.
“The ethos is simplicity and unpretentiousness,” says Martin Fillery, head of affordable homes at selling agent Currell. He rates Milkwood Terrace for its location, moments from Herne Hill station, and its “fantastic” commuter links.
From £113,750: 35 per cent of a one-bedroom flat at Milkwood Terrace, Herne Hill

There are train services to Blackfriars in 11 minutes and Victoria in nine minutes. An annual season ticket costs £1,284. The downside of the development’s proximity to the station is that some of the homes overlook the tracks.
Fillery admits he was surprised when he visited Herne Hill. “It is actually very village-y with a nice parade of shops and cafés,” he says. “You are also very close to Brockwell Park.”
Past: in the 1780s streets of fine houses were built in Herne Hill by wealthy merchants and bankers, earning it the nickname “the Belgravia of south London”.
Future: better services and smarter trains when the Thameslink project completes by 2018.
Good sport: upgraded Herne Hill Velodrome, a venue for the 1948 Olympics, is a valued local facility. Image: Alamy
Claim to fame: Wolf Hall actor Mark Rylance lives in Herne Hill.
What it costs: the average property price is £740,085, up 8.53 per cent in the past year, with flats costing an average £427,382. Renting a flat costs an average £1,599 a month, says Zoopla property website.
First-time buy: convenient for the cafés and restaurants of Railton Road right on the Herne Hill/Brixton border, an immaculate one-bedroom flat is on the market for £150,000 with Foxtons.
Landmarks: used in the 1948 Olympics, upgraded Herne Hill Velodrome is a popular local facility.
Eat: indulge in a Prosecco breakfast at the Lido Café in Brockwell Park. When you are safely sober, swim it off in the outdoor pool.
Drink: The Prince Regent pub, so posh there’s foie gras on the menu, also offers life-drawing classes.
Buy: get something to read on the train at excellent Herne Hill Books.
Walk: the 125 acres of Brockwell Park, half a mile away, provide superlative south London green space. For a combination of walking and shopping, Brixton is nearby.

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