The first phase of homes in the redevelopment of Catford's Excalibur Estate is set to officially go on sale.

Building work is ongoing on L&Q development's development to turn 186 pre-fabricated bungalows - the UK's last sizeable collection of post-war prefabs - into 371 new homes.

The first phase will offer 143 private and 39 shared ownership homes. In the first release, which launches on January 27, 18 one and two bedroom homes will be available, set around communal landscaped grounds.

The homes in the first release cost from £320,000 for a one-bedroom apartment and from £385,000 for a two-bedroom home.

When the project is finished, 60 per cent of the 371 new homes will be affordable.

The old prefabs were originally constructed by German PoWs in 1946 to meet need in during the post-war housing crisis with a projected lifespan of 10 years.

When the plans were proposed in 2011, people were divided over whether their should be regeneration but a ballot of residents showed 56 per cent were in favour.

All existing residents were offered the opportunity to be rehoused within the new homes on site and, helping to maintain the estate's unique history of the site, six of the prefab bungalows and the original church will be preserved.

L&Q said all properties are 'finished to a high specification, with each stylish apartment benefitting from a private balcony. The light filled, open plan kitchen/living/dining areas incorporate fully fitted kitchens, complete with cashmere grey units and ‘Cinnamon’ laminated worktops, plus a comprehensive range of fully integrated appliances, including dishwasher and washing machine'.

L&Q's sales and customer services director Lucy Chitty said: "This is a historic project involving the much-needed redevelopment of an existing housing estate, and the building of a new community in the heart of south east London.

"With starting prices for homes in the first phase considerably lower than London averages, this scheme will undoubtedly be an attractive prospect for potential first time buyers, who are increasingly priced out of nearby areas such as Lewisham and Forest Hill.”