£72,000
A 2 bed shared ownership property available in London, Lambeth
Two-Bedroom Apartment - Oval Village, London
Plot B.1-1-3 Guide Pricing
Beds: 2 bedroom apartment
Size: 69 m²
Full Price: £720,000
Share %: 10%
Share Price: £72,000
Deposit 5%: £3,600
Monthly Mortgage: £344.77
Monthly SO Resi Payment: £1,080.00
Estimated Service Charge: £358
Total Monthly Cost: £1,782.77
Experience the best of London living in this beautifully appointed two-bedroom apartment at Oval Village. Designed for modern lifestyles, the apartment boasts a spacious open-plan kitchen/living/dining area, two well-proportioned bedrooms (some with en-suite), and a private balcony for al fresco enjoyment. The kitchen is finished to a high standard with engineered stone worktops, Siemens and Grundig appliances, and a full-sized dishwasher.
Both bedrooms feature built-in wardrobes, and the apartment includes ample storage throughout. Residents enjoy access to landscaped gardens, an on-site gym, and secure cycle storage, all within a striking development that blends historic architecture with contemporary design. With the River Thames, Kennington Park, and top London universities close by, plus three stations within walking distance, this is an exceptional opportunity for families or sharers seeking space, style, and superb connectivity.
How Shared Ownership Works
Shared Ownership at Oval Village makes home ownership more accessible. You start by purchasing a share of your home (between 10% and 75%), which means a lower deposit and smaller monthly mortgage payments. You pay rent on the remaining share, plus a service charge for building maintenance. Over time, you can buy additional shares, up to 100% ownership, making it flexible and manageable for your budget. You're free to sell your share at any time if you decide to move on.
Disclaimer:
Images shown are CGI and for illustrative purposes only. Final layouts, finishes, and fixtures may vary.
Available for £72,000 for 10% share based on the marketing figure of £720,000.
Monthly rent - £1080
Monthly Service Charge - £358
Total Monthly Charge - £1,438.00 plus mortgage required for 10% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April
Other information
How we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.