Shared Ownership is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Share 25% / Full price £585,000 / Min deposit £21,938
Shared Ownership New Build
Shared Ownership is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Shared Ownership New Build
Shared Ownership is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
New wheelchair adaptable Shared Ownership homes, moments from Southwark Park and Canada Water station | Receive up to £7,250 towards your moving costs
Description
St Olave's is a stunning new collection homes in Southwark offering wheelchair-adaptable apartments | Ready to move into now!
Reserve your dream home at St Olave's and receive up to £7,250 towards your moving costs. Speak to a member of our team for more details.
Key features:
- Private balcony to every home
- Shared rooftop terrace*
- Short distance from Canada Water station*
- Close proximity to bustling Bermondsey Street, Tower Bridge and London Bridge
1-Bedroom Shared Ownership apartment cost breakdown - 25% share example Full market value = £585,000 Example 25% share price = £146,250 Estimated monthly mortgage = £680 Estimated monthly rent = £1,014 Estimated monthly service charge = £271 Estimated monthly cost = £1,965
If you or a member of your household require a wheelchair-adaptable home, visit the Peabody New Homes website and search for St Olave's to complete our enquiry form.
What is Shared Ownership?
Shared Ownership is a government-backed part buy, part rent scheme that helps aspiring homeowners onto the property ladder by allowing them to purchase a share of a home, rather than the full value. This often means lower deposits and lower mortgage repayments when compared to buying on the open market, which helps make these homes more affordable.
Find out more by searching "Peabody New Homes Shared Ownership".
T' and C's
*Travel times are approximate and taken from Google Maps
Incentive: 1) £7,250 towards moving costs is subject to availability and available on the final 2-bedroom homes at St Olave's Canada Water, 1 and 2 Norse House 2) The maximum available incentive is £7,250. 3. The incentive value is a £7,250 deduction of completion monies upon completion of contracts. 4) Offer per individual household/home sold and cannot be used in conjunction with any other offer. 5) Additional T&Cs, eligibility and affordability criteria may apply. 6) Please speak to a member of our sales team for more details or visit peabodynewhomes.co.uk/offers/ 7) Offer valid on reservations taken from 1 March to 30 April 2025. Prices and details correct as of 26 February.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute
to and from, and you can specify the maximum time of the commute and by which transport method.
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.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£146,250
Shared Ownership New Build
Full price £585,000
Estimated monthly cost£1,956
Rent£1,005
Service charge£271
Mortgage£680
Calculated using a representative rate of 4.34%
Share
Deposit
£
How is this calculated?
How is this calculated?
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.
Send enquiry to the seller
Your property enquiry has been submitted to Peabody New Homes.
Next steps
You can check and update your enquiry in the 'My Account' area.