1 bedroom apartment for sale

Available

283 Kennington Lane, Oval, SE11 5SQ

£127,500 · Shared Ownership New Build

Share percentage 25%, full price £510,000, £12,750 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£127,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £510,000, £12,750 Min Deposit.

Monthly Cost: £1,798
Rent £928, Service charge £212, Mortgage £658*

Calculated using a representative rate of 4.80%

Calculate estimated monthly costs

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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.
Summary

Stunning development of spacious apartments with a roof terrace, residents gym and a concierge

Description
New studio, 1 & 2-bedroom Shared Ownership homes launching Saturday 22 June at Zone at Oval Village!
 
These Zone 1 apartments are part of the Berkeley Oval Village development offering unmatched, swift connectivity to anywhere in London, as well as a buzzing social scene from nearby Kennington and Vauxhall.
 
The best part? 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
 
  • Studios from £118,750 for a 25% share (full market value £475,000)
  • 1-bedroom apartment from £127,500 for a 25% share (full market value £510,000)
  • 2-bedroom apartment from £177,500 for a 25% share (full market value £710,000)
 
Residents at Zone also benefit from a range of exceptional on-site amenities including:
 
  • 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*
 
 
Homes at Zone at Oval Village are available through Shared Ownership
 
Shared Ownership is a part buy/part rent scheme that helps you get on the property ladder in an affordable way. You can usually buy an initial share of 25% to 75% of the value of a property. You will then pay a subsidised rent on the share you don’t buy, and there will also be a monthly service charge to be paid on your 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.

 

Want to find out more?

For more information about Zone at Oval Village, register your interest, complete an affordability assessment and be one of the first to book a viewing!

 

*Residents' gym available for £20 per month on a rolling contract.
 
*Travel times estimates taken from Google Maps.
 
*Images of residents' amenities provided by Berkeley.
 
*Interior images and video tours are of the apartments in the previous collection of homes at Zone and are representative of the homes available in the new collection.
Particulars

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

Property Downloads
Floor Plan
Virtual Tour
https://my.matterport.com/show/?m=iwgyRGWvpqU
Map
Oval (0.25 miles) Vauxhall (0.37 miles) Kennington (0.51 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.

£127,500
Shared Ownership New Build
Estimated Monthly Cost:£1,798
Rent £928
Service Charge £212
Mortgage £658

Share percentage 25%, full price £510,000, £12,750 Min Deposit. Calculated using a representative rate of 4.80%


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Development
Zone Oval Village Shared Ownership
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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.