Flat 28 - Portway House, Ossory Road, SE1 5XY
Summary
This superb modern home is available to buy from as little as £125,000 with a 25% share!
Eligibility
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for this Shared Ownership development you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
^The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales apartment.
EWS1 CERTIFICATION IS AVAILABLE FOR THIS BLOCK - B1 RATING - the fire risk is sufficiently low that no remedial works are required.
Please follow this link to our public statement - https://www.lqgroup.org.uk/media-centre/news/building-safety-inspection-programme-update
Description
Shared Ownership
This superb modern home is available to buy from as little as £125,000 with a 25% share!
^£1,000 Amazon voucher is currently being offered on this apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee
Discover contemporary living in this beautifully designed split-level two bedroom apartment, ideally situated on Ossory Road. This modern home offers a perfect blend of style, comfort, and convenience over two floors.
Upon entering the second floor, you'll find a generously sized double bedroom (12' x 11'8”), complete with direct access to a private balcony, providing a peaceful outdoor retreat. This floor also hosts a sleek, modern bathroom suite.
Ascending to the third floor, the expansive open plan kitchen and living area (25'6" x 11'10”) creates a bright and versatile living space with access to another balcony, ideal for both relaxing and entertaining. The contemporary kitchen is equipped with modern appliances and ample counter space. This level also includes a second bedroom (11'10” x 7'3"), perfect as a guest room, home office, or nursery, with its own access to a third private balcony.
Located in the vibrant and ever evolving area of Bermondsey, this home benefits from excellent local amenities. Enjoy an array of independent cafes, restaurants, and boutiques nearby, as well as the popular Bermondsey Street and Maltby Street Market. Green spaces such as Southwark Park and Burgess Park are within easy reach for leisure and relaxation.
Transport links are exceptional, ensuring seamless connectivity across London. South Bermondsey Station (National Rail) is a short walk away, providing direct services to London Bridge in just minutes. Additionally, Bermondsey Underground Station (Jubilee Line) and Elephant & Castle Station (Bakerloo and Northern Lines) offer quick access to Canary Wharf, the West End, and beyond. Numerous bus routes and cycling paths further enhance commuting options.
The location is fantastic, the many delights of SE1 and SE15 are all local and easily reachable. Transport links are plentiful; Burgess Park is a few moments away with transport links via Elephant & Castle, Bermondsey & South Bermondsey Stations and major bus routes across the City. There are a number of large supermarkets, shops and restaurants nearby, with an Asda Superstore just a few hundred feet from the development.
PRICING & AFFORDABILITY
Full Market Value: £500,000
25% Share Price: £125,000 (rent £859.38pcm)
Minimum 5% Mortgage Deposit (25% share): £7,500
Approximate Service Charges: £328.97pcm*
Shared Ownership Lease: approx. 115 years
Council Tax Band: D
Local area information
- City Thameslink Rail Station (0.3km)
- Farringdon Rail Station (0.4km)
- Farringdon Underground Station (0.4km)
- Farringdon (0.4km)
- Chancery Lane Underground Station (0.5km)
- St. Paul's Underground Station (0.5km)
- London Blackfriars Rail Station (0.5km)
- Blackfriars Underground Station (0.6km)
- Barbican Underground Station (0.6km)
- Mansion House Underground Station (0.9km)
- Temple Underground Station (0.9km)
- Moorgate Rail Station (1.1km)
- Holborn Underground Station (1.1km)
- Cannon Street Underground Station (1.1km)
- Bank Underground Station (1.1km)
- Moorgate Underground Station (1.1km)
- London Cannon Street Rail Station (1.2km)
- Bank DLR Station (1.2km)
- Bank DLR Station (1.2km)
- Southwark Underground Station (1.4km)
Disclaimer
Monthly cost calculator
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable.