2 bedroom apartment for sale
Flat 19 - Portway House, Ossory Road, SE1 5XY
Share percentage 40%, full price £525,000, £10,500 Min Deposit.
Share percentage 40%, full price £525,000, £10,500 Min Deposit
Monthly Cost: £2,386
Rent £902,
Service charge £314,
Mortgage £1,170*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
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.
Summary
This superb modern home is available to buy from as little as £210,000 with a 40% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £210,000 with a 40% 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 872 sq ft (81 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: 12' x 11'1" (3.67m x 3.39m) on the first floor.
o Bedroom 2: 12' 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 12' (8.89m x 3.66m 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
40% Share Price: £210,000 (rent £902.34pcm)
Minimum 5% Mortgage Deposit (40% share): £10,500
Approximate Service Charges: £314.35pcm*
Shared Ownership Lease: approx. 115 years
Council Tax Band: D
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
Key Features
Modern Shared Ownership home
Available immediately with no chain
Open plan living space T
wo private balconies
Less than 1 mile from South Bermondsey Station
Walking distance to numerous shops and amenities
Particulars
Tenure: Leasehold
Lease Length: 115 years
Council Tax Band: D
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 40%, full price £525,000, £10,500 Min Deposit. Calculated using a representative rate of 5.03%
