3 bed flat for sale

Ossory Road, London SE1

Shared Ownership

This superb modern home is available to buy from as little as £141,250 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.

A beautifully arranged three-bedroom duplex apartment extending to approximately 901 sq ft (83.7 sq m), set across the second and third floors and offering bright, well-proportioned accommodation with the added benefit of three private balconies.

The upper level features a generous open-plan kitchen, dining and reception room, creating an ideal space for entertaining and everyday living. The contemporary kitchen includes a central breakfast bar, while the reception area enjoys excellent natural light and direct access to a private balcony. This floor also accommodates a spacious third bedroom with its own private balcony.

The lower level comprises two further double bedrooms, including a principal bedroom with fitted storage and access to a third private balcony. A modern family bathroom and additional hallway storage complete the accommodation.

This versatile duplex combines excellent living space with multiple outdoor areas in a highly desirable SE1 location, within easy reach of the South Bank, Borough, London Bridge and the City.

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: £565,000

25% Share Price: £141,250 (rent £971.09pcm)
Minimum 10% Mortgage Deposit (25% share): £14,126
Approximate Service Charges: £328.97pcm*
Minimum INcome required: £76,425***
Shared Ownership Lease: Approx. 113 years
Council Tax Band: D
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 shared ownership 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.

EWS1 certification is available for this block - B1 rating - the fire risk is sufficiently low that no remedial works are required.

**These photos are for information purposes only and have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and the furniture is not included.

***Guidance income is based on the quoted 10% deposit and may vary for induviduals.