Varcoe Road SE16

Pocket Living

Pocket Living is an innovative housing developer, supported by the Mayor of London and Homes England, delivering grant-free affordable homes for first time buyers. Established in 2005, Pocket Living delivers affordable homes to purchase for those on moderate incomes; people who are essential to London’s economy but who cannot afford to buy a market home and earn too much to qualify for social housing. The ambition is simple and straightforward – to provide a route to homeownership for people who are squeezed out.

Pocket homes are sold at 20% discount to local prices to eligible purchasers, defined by income and where they live or work. The homes remain affordable in perpetuity and are 100% owned by purchasers. For these people, the options are usually binary: live in shared rented accommodation or leave London to buy. Pocket Living is a disruptor in the housebuilding sector. It is the UK’s only developer dedicated to building and selling grant-free affordable homes. Varcoe Road SE16 is a development of 57 affordable homes in Zone 2 for Southwark’s first time buyers. All 57 homes were sold and occupied within a month of the development’s completion in November 2019, with prices starting from £288,000. The award-winning Pocket home is designed to be a comfortable, highly-functional first home, making the best use of every inch of available space and incorporating features that fit the way London’s first time buyers live.