Summary - Wellington Street, London, SE18 SE18 6ZS
2 bed 1 bath Flat
Lower-deposit shared ownership close to Elizabeth Line and DLR for first-time buyers.
48% shared ownership available, based on £415,000 valuation
5% minimum deposit makes ownership accessible to first-time buyers
Large 894 sq ft two-bedroom flat with open-plan living
South-east facing balcony with city views and good daylight
Built 2020, EPC B, modern fixtures and integrated kitchen
Monthly outgoings ≈ £778.42 (rent £546.42 + service charge £232)
Service charge £2,784 pa; additional landlord completion charges apply
Local area: very high crime and very deprived — consider safety and support
A bright two-bedroom apartment in a 2020 build, offered via Shared Ownership with a 48% share. The open-plan living room and kitchen open onto a south-east facing balcony, delivering good natural light and city views. At 894 sq ft the flat feels unusually spacious for its type and includes one bathroom and a practical traditional layout.
This home suits a first-time buyer looking to step on the ladder with a lower deposit — a 5% minimum deposit is possible. Transport is a major advantage: Woolwich town centre with Elizabeth Line, DLR and rail connections is within easy reach, and Canary Wharf and London Bridge are commutable.
Costs and formalities are important to note. Monthly charges total about £778.42 (rent £546.42 plus service charge £232) and there will be further charges payable to the landlord on completion. The property is leasehold with around 120 years remaining and is supplied with community heating; speak to a solicitor about long-term implications.
The neighbourhood is inner-city and convenient for amenities and schools but records a very high crime rate and is classified as very deprived. The building’s recent construction and EPC B rating are positives, yet buyers should factor in ongoing service charges and annual rent increases under the shared-ownership arrangement.
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