2 bedroom apartment for sale


40 Crimscott Street, Bermondsey, SE1 5TE

£198,750 · Shared Ownership New Build

Share percentage 25%, full price £795,000, £19,875 Min Deposit.

2 bedrooms
Floor plan
Floor plan
£198,750 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £795,000, £19,875 Min Deposit.

Monthly Cost: £2,505
Rent £994, Service charge £381, Mortgage £1,130*

Calculated using a representative rate of 5.79%

Calculate estimated monthly costs

You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property

A desirable, luxury development in Bermondsey, SE1 | Last 2 bed Shared Ownership homes available in a central London location

Final 2 bed Shared Ownership homes | Available from £198,750 (25% of full value £795,000)
Required Household Income from £75,932 - £90,000 and deposit of £9,938
You will need to undertake a free 5 minute affordability assessment with SRC Mortgage Solutions.

Final available 2 bedroom Shared Ownership apartments in Bermondsey, SE1 | Register your interest to book your viewing

An area known for its bars, restaurants and culture, you will be minutes from London Bridge and Bermondsey stations. All homes are built to a high specification and offer the best in contemporary living. All of this could be yours:

• Concierge service
• Private balcony
• Gym access
• Secure cycle storage
• Communal gardens
• Membership to car club

Spoilt by outside space, the nearby riverside boasts views of London’s iconic landmarks; Tate Modern, Southwark Cathedral and The Globe Theatre just to name a few.

Green space is on your doorstep with Bermondsey Spa Gardens and Tanner Park offering an oasis in a central location to walk, run or cycle in.

What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure: Leasehold
  • Length of lease: 250 Years
  • Annual ground rent amount: £0
  • Ground rent review period: N/A
  • Annual service charge amount: £4,140
  • Service charge review period: Yearly
  • Council tax band: TBC

*Select images are the property of London Square

Key Features
  • Located in travel zone 2.
  • Nearby amenities in Tower Bridge Road and Old Kent Road.
  • Proximity to the areas of central London including Borough, London Bridge and Elephant and Castle.
  • Exclusive residents-only gym

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

Property Downloads
Floor Plan Brochure
Bermondsey (0.70 miles) London Bridge (0.74 miles) Borough (0.76 miles)
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.

Shared Ownership New Build
Estimated Monthly Cost:£2,505
Rent £994
Service Charge £381
Mortgage £1,130

Share percentage 25%, full price £795,000, £19,875 Min Deposit. Calculated using a representative rate of 5.79%

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Lazenby Square Shared Ownership
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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.