Work is due to commence on at a 141-home development in Lewisham from developer London Square.
The project has been branded Axion House and the result of a new venture from the developer into “affordable” housing in a joint partnership. However, the majority are shared-ownership so stretching the definition of affordable to its extreme considering mortgage, then rent then service charges. Sharp annual increases in service charges have been a hot topic recently at various developments.
The development was initially refused in 2018 before approval in 2019. It sits between two railway lines. This is the fifth development in the vicinity of Lewisham town centre, with three towers, an estate rebuild and this site bringing thousands of homes.
Work is due to commence this spring. This now means L&G’s plan on Molesworth Street where Sports Direct and other shops trade is one of the few large developments to lack a start date: