Yet another Greenwich block of flats approaches completion
A development on the corner of Norman Road and Greenwich High Road is approaching completion adding to a large number of new builds in the area.
This one has the name Valegro – which I keep mistaking for Allegro, as in the 1970s car – and replaced a three floor office block.
Flats will total 63 and commercial space located at ground floor level. Purelake are the developers.
Norman Road has seen numerous changes over the past decade. The new block tops out at 12 floors at one end, with a set back from Greenwich High Road.
The northern end of Norman Road will see Ravensbourne tower – approved with minimal “affordable housing” which currently has temporary use as The Old Joinery bar overlooking Deptford Creek:
There’s another unbuilt – yet approved block – half way up Norman Road at Saxon Wharf:
Saxon Wharf tops out at 16 floors and will see 145 homes.
In the midst of all this are Thames Tideway tunnelling work. That will continue until 2023 with all work due for completion by 2025.
My solicitors used to have offices in the old building and have moved to the former gym space on the riverfront in Greenwich.
A one bedroom flat costs a whopping £435,000 which gets you living/kitchen room, a smallish bedroom and the inevitable tiny windowless bathroom. There will also be various charges and council tax.
Who can afford this stuff ? No seriously, who can afford to actaually buy this and not just get sold the illusion of ownership with shared ownership.
Shared ownership is a snare and a delusion and is on the growing list of scandalous behaviour in the property business.