This superb modern home is available to buy from as little as £152,000 with a 40% share!
This one-bedroom, one-bathroom apartment with a garage is set on the fourth floor of a well-maintained building in the highly desirable Waterloo area, offering a perfect balance of comfort, convenience, and connectivity. The property features a spacious open-plan layout, with a modern fitted kitchen seamlessly flowing into a living and dining area, ideal for both entertaining and everyday living. The generously sized double bedroom is fitted with a spacious double wardrobe. Further benefits include an allocated parking space and an extended lease on completion.
Located moments from the vibrant South Bank, residents can enjoy an abundance of cultural landmarks such as the National Theatre, BFI, Tate Modern, and the iconic London Eye, as well as an eclectic mix of cafés, restaurants, and shops along Lower Marsh and the riverside.
Transport connections are exceptional, with Waterloo Station providing mainline and Underground services (Jubilee, Northern, Bakerloo and Waterloo & City lines) just a short walk away, alongside Lambeth North and Southwark stations for further accessibility across London. This prime location makes the property ideal for first-time buyers, young professionals, or investors seeking a home in one of central London’s most dynamic neighbourhoods.
PRICING & AFFORDABILITY
Full Market Value: £380,000
40% Share Price: £152,000 (rent £886.65 pcm)
Minimum 5% Mortgage Deposit (25% share): £7,600
Approximate Service Charges: £188.25pcm*
Lease: 77 years (will be extended on completion)
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.
** This home can also be purchased outright (100% of the value) which is £385,000 and a purchaser would not need to meet the eligibility criteria listed above.
