Shared Ownership Resale 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
Apartment
1 bedroom
Not specified
1/12
Available
£131,250
New Tannery Way, Southwark, SE1 5WS
Share 25% / Full price £525,000 / Min deposit £13,125
Shared Ownership Resale
Shared Ownership Resale 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 Resale
Shared Ownership Resale 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
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.
Description
Property reference number: 1639879
Situated in a prime location, this home offers excellent connectivity, with Bermondsey station just 0.9 miles away and London Bridge station also within 0.9 miles. Both stations provide easy access to the Jubilee Line, Northern Line, and National Rail services, ensuring quick and convenient links to Central London, Canary Wharf, and beyond.
Locally, there is a wide variety of restaurants, cafes, and shops just moments from your door. Tower Bridge and Borough Market are amongst the local highlights.
The peaceful Spa Park is just a 3-minute walk away, perfect for a quick escape to nature, while the vibrant Bermondsey Street, just 4 minutes away, offers a fantastic range of eateries, galleries, and boutique shops to explore. This area blends urban convenience with local charm, making it an ideal place to live.
Closest stations: Bermondsey (0.9 miles), London Bridge (0.9 miles)
Bus routes nearby: 1, 42, 78, 188, N1, C10
Key features:
- Communal garden
- Communal gym
- Private terrace
- Secure underground bike storage
- Underfloor heating
- Floor-to-ceiling windows
- Fitted wardrobe in bedroom
- Siemens premium integrated appliances
Financial information Tenure: Leasehold Remaining lease term: 242 years Annual ground rent amount: £0 Ground rent review period: Applicable upon final staircasing Annual service charge amount: £4,320.24 Service charge review period: Annually Council tax band: C
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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.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£131,250
Shared Ownership Resale
Full price £525,000
Estimated monthly cost£1,892
Rent£881
Service charge£360
Mortgage£651
Calculated using a representative rate of 4.42%
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.
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Next steps
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