Shared Ownership

This superb modern home is available to buy from as little as £183,750 with a 35% share!

This contemporary two bedroom split level apartment offers a spacious and modern living space in the heart of London’s vibrant SE1 district. With approximately 850 sq ft (79 sq m) of well-designed interiors, the property is perfect for professionals, couples, or small families seeking stylish city living.

Property Features:
• Two Double Bedrooms:
o Bedroom 1: 11'8” x 11'1" (3.67m x 3.39m) on the first floor.
o Bedroom 2: 11’8” x 7'2" (3.65m x 2.18m) on the second floor, with access to a private balcony.

• Open-Plan Kitchen/Reception Room:
A bright and expansive living area measuring 29' x 11'9” (8.90m x 3.57m max), ideal for entertaining, with direct access to a second balcony.

• Modern Bathroom:
A stylish family bathroom with contemporary fittings.

• Two Private Balconies:
Perfect for relaxing or enjoying city views, providing outdoor space on both floors

• Split-Level Design:
Offers privacy and separation between living and sleeping areas

Local Area:
Located in the dynamic SE1 postcode, this apartment is surrounded by a rich blend of culture, dining, and entertainment options. The iconic Bermondsey Street is nearby, known for its independent cafés, restaurants, and artisan shops. Borough Market, Tate Modern, and The Shard are also within easy reach.

For green spaces, Southwark Park and Potters Fields Park offer peaceful retreats. The area's vibrant atmosphere blends historic landmarks with modern developments, making it one of London's most sought-after areas.

Excellent Transport Links:
• Bermondsey Station (Jubilee Line): Approx. 10-minute walk, offering direct routes to Canary Wharf, London Bridge, and the West End.
• London Bridge Station: Just a short distance away, providing access to the Northern and Jubilee lines, as well as National Rail services.
• Multiple bus routes and cycle paths make commuting and exploring the city effortless.

This exceptional apartment offers the perfect blend of comfort, style, and convenience in one of London’s most desirable locations.

PRICING & AFFORDABILITY

Full Market Value: £525,000

35% Share Price: £183,750 (rent £902.34pcm)
Minimum 5% Mortgage Deposit (40% share): £9,188
Approximate Service Charges: £314.35pcm*
Shared Ownership Lease: approx. 115 years
Council Tax Band: D

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

EWS1 CERTIFICATION IS AVAILABLE FOR THIS BLOCK - B1/B2 RATING- L&Q are working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire. Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.

Please follow this link to our public statement - https://www.lqgroup.org.uk/media-centre/news/building-safety-inspection-programme-update
Service Charge: 3772.2.