1/21
Available
£177,500
Zone Oval Village Shared Ownership | 283 Kennington Lane, Oval, SE11 5SQ
Share 25% / Full price £710,000 / Min deposit £35,500
Peabody New Homes
020 7768 2296
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.
Description
Explore Zone at Oval Village in an iconic Zone 1 location | Final studio, 1, 2 & 3-bedroom homes releasing Saturday 23 August
These stunning apartments are part of the Berkeley Oval Village development and offer 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 minutes.
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?
- Spacious, open-plan living with modern fixtures and fittings throughout
- Fully integrated kitchens and bathrooms
- Fully integrated kitchens and bathrooms
- 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*
2-Bedroom Shared Ownership apartment cost breakdown - 25% share example
- Full market value = £720,000
- Example 25% share price = £180,000
- Example 25% share price = £180,000
- Estimated monthly mortgage = £872
- Estimated monthly rent = £855
- Estimated monthly service charge = £379
- Estimated monthly service charge = £379
- Estimated monthly cost = £2,106
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 and be the first to know about pricing, events and availability updates.
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 and be the first to know about pricing, events and availability updates.
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 show home images are of the 1-bedroom show home apartment and are indicative only
Local area information
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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.
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Monthly cost calculator
£177,500
Shared Ownership New Build
Full price £710,000
Estimated monthly cost
£2,020
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How is this calculated?