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Studio apartment for sale

Available

283 Kennington Lane, Oval, SE11 5SQ

£118,750 · Shared Ownership New Build

Share percentage 25%, full price £475,000, £11,875 Min Deposit.

Available
Studio
Floor plan
floor-plan
Floor plan
floor-plan
£118,750 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £475,000, £11,875 Min Deposit.

Monthly Cost: £1,752
Rent £928, Service charge £212, Mortgage £612*

Calculated using a representative rate of 4.80%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: You have a gross household income of no more than £90,000 per annum. You are unable to purchase a suitable home to meet your housing needs on the open market. You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

A stunning new development of spacious apartments with a roof terrace, residents gym and concierge

Description
New studio & 1-bedroom Shared Ownership homes | Now over 75% reserved!
 
These Zone 1 apartments are part of the Berkeley Oval Village development offering unmatched, swift connectivity to anywhere in London, as well as a buzzing social scene from nearby Kennington and Vauxhall.
 
Get to London Bridge from Oval station which services the Northern line in just 9 minutes, or to Waterloo from Kennington in 4!
 
In just 12 minutes residents can walk to the iconic River Thames for serene walks amongst many of the City's most famous landmarks which lay along its banks.
 
At Zone, you're near a dazzling array of pubs, clubs, cafés and restaurants offering you an unbeatable social life. Local Kennington park offers wide open green space, with sporting facilities such as tennis and basketball courts. 
 
Why buy at Zone?
- Roof terrace and podium garden connecting residents with nature within the development
- Residents' gym*, concierge and bookable meeting room for wellness and convenience
- 12-minute walk to the River Thames*
- 6-minutes to Bank, 9-minutes to London Bridge via the Underground*
 
Financial information
Tenure: Leasehold
Length of lease: 999 years
Annual service charge amount from £2,242.10
Service charge review period: Annual
Council tax band: TBC
 
What is Shared Ownership?  
Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market. 
 
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.  
 
Register your interest or search “Peabody New Homes Shared Ownership” to find out more. 
 

Disclaimers & T&Cs  

*Residents' gym available for a monthly fee of £20 on a rolling contract.

 
*Travel times estimates taken from Google Maps.
 
*Images of residents' amenities provided by Berkeley.
 
*Interior images and video tours are of the 1-bedroom apartments in the previous collection of homes at Zone and are representative of the homes available in the new collection.
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

Property Downloads
Floor Plan Brochure Brochure
Virtual Tour
https://my.matterport.com/show/?m=iwgyRGWvpqU
Map
Oval (0.20 miles) Vauxhall (0.45 miles) Kennington (0.47 miles)
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Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
  • Service Charge: Covers maintenance and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£118,750
Shared Ownership New Build
Estimated Monthly Cost:£1,752
Rent £928
Service Charge £212
Mortgage £612

Share percentage 25%, full price £475,000, £11,875 Min Deposit. Calculated using a representative rate of 4.80%

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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.