Summary - Westminster Bridge Road, London, SE1 SE1 7XT
1 bed 1 bath Flat
Central Zone 2 one-bed on shared ownership—low deposit, high convenience..
Extremely central Waterloo location, Zone 2 transport access
Available as 25% shared ownership; low 5% minimum deposit
Small apartment ~383 sq ft; best for single person or couple
Long lease remaining (968 years) supports mortgageability
Monthly total ~£1,269.40 (rent + service charge); service charge £2,259pa
Heated by electric storage heaters; electric main fuel only
Area records very high crime and local deprivation
Annual rent increase applied each April
A compact one-bedroom apartment in a modern building moments from Waterloo station, offered through Shared Ownership to help first-time buyers get on the property ladder. The flat includes an open-plan living/kitchen, double-glazed windows and an allocated bathroom; the long lease (968 years) supports future mortgageability.
Financially this is structured as a 25% share priced at £96,250 (based on a £385,000 valuation) with a low 5% minimum deposit option. Monthly outgoings combine rent and service charge to approximately £1,269.40; the service charge averages £2,259 per year. Note an annual rent increase is applied every April.
Practical drawbacks are clear and important: the apartment is small (approximately 383 sq ft), heated by electric storage heaters, and sits in an area with very high recorded crime and wider area deprivation. The property is leasehold and offered under a shared ownership allocation process; local connection requirements (Section 106) may apply for eligibility.
For a buyer seeking central convenience, fast broadband and excellent mobile signal, this flat offers a stepping-stone to central London living with low initial cash required. It suits a single buyer or couple who prioritise location and access to transport over space and who accept the ongoing service charge, rent and electric heating costs.
1 bedroom apartment for sale in Westminster Bridge Road, London, SE1 — £96,250 • 1 bed • 1 bath • 383 ft²
1 bedroom apartment for sale in Westminster Bridge Road, London, SE1 — £385,000 • 1 bed • 1 bath • 383 ft²
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