Newlyweds, Peter Ngo (38) and Ivy Wong (33) were one of the first residents to move into Croydon’s newest residential development, Leon House. With a combined 15 years of experience within the property industry, the couple decided to put down roots in one of London’s most affordable and upcoming boroughs.
Having invested wisely, both in the UK and Australia for over 10 years, the couple were in the position to contribute an equal share towards their £60,000 deposit and purchase a two-bedroom apartment. Upon viewing Leon House, they knew they had stumbled across not only their ideal home but a sound investment.
The savvy pair recognised that the rapid regeneration of the Croydon area would increase the value of their property in the long term. With projects such as Westfield shopping centre, Boxpark and the expanding Restaurant Quarter nearby. Ivy, a former primary school teacher turned property investor, commented: “Based on our knowledge of the London property market, we know professionals like ourselves, are migrating out of central London looking to get more bang for their buck in places like Croydon. We were impressed by what the area had to offer and spend our weekends exploring the local parks and taste-testing new food spots.”
Leon House, stands as a towering example of modernist architecture – the former 60s office block has been rejuvenated into 263 contemporary apartments – all built to the London Design Standard size.
The development offers unique shared living spaces, designed with modern living in mind, at no added cost to residents. Homeowners have access to all-inclusive benefits such as; a private dining room seating 12 with a professional kitchen, a rooftop Sky Garden, co-working space and a purpose-built meeting room.
Peter, also a property investor, said: “The amenities are what first attracted us to Leon House. I am always out of the office meeting clients and while spaces like coffee shops and restaurants are accessible, they can be very distracting. To have a functional work space, right on my doorstep, means I can save my time, travel costs and expenses.”
The happy couple, also made use of Leon’s private rooftop dining room, to host their wedding reception for friends and family. “We wanted the event to be understated, so what better way to keep it an intimate affair, than by making use of our home and saving on renting an external venue. The catering was provided by our favourite local restaurant, everything else we bought from Waitrose.”
Residents can also enjoy an extensive piece of artwork by celebrated post-war sculptor, William Mitchell, uncovered during renovations to the building. Restored to its former glory, the handcrafted sculpture decorates the main lobby and all 21 floors of the building.
Ivy said: “Property and art are two assets which massively retain their value. As soon as we saw the striking William Mitchell sculpture, we were sold. It’s not everyday you buy a home that features an unlisted masterpiece with such great cultural significance. It provides an immediate and unique standout in comparison to other new build apartments in the area.”
Prices range from £338,000 for a one-bedroom apartment and from £417,000 for a two-bedroom apartment and all are available with the government’s Help To Buy initiative, that offers eligible first time buyers an equity loan of up to 40% in London.