Summary - 12 SOLOMONS PASSAGE LONDON SE15 3UH
1 bed 1 bath Flat
Contemporary one-bed new-build by Peckham Rye Park with long lease and developer incentives.
Park-side location near Peckham Rye Park and green space
A bright one-bedroom apartment in the new Rye Parkside development, steps from Peckham Rye Park and under a mile from Peckham Rye and Nunhead stations. The home is finished with contemporary touches — quartz worktops, integrated appliances, terrazzo bathroom tiles and fitted wardrobes — and benefits from a long 999-year lease and a 10-year building warranty. Off-street parking is available and the building is due for completion in December 2025.
The developer offers practical purchase incentives that will matter to buyers: a 5% deposit boost, access to lower fixed-rate mortgage deals via the Own New Rate Reducer, and a limited stamp duty allowance for eligible buyers. Ground rent is set to zero, reducing ongoing holding costs compared with typical leasehold schemes.
Be realistic about the setting: the local area is classified as deprived with average crime levels, and some buyers will consider this when weighing long-term resale or rental prospects. The promotional incentives are limited in number and only one can be applied per purchase, so any financial benefit should be confirmed early in the buying process.
This apartment suits a first-time buyer or investor seeking a turnkey new-build with strong transport links and park access. It delivers contemporary finishes and a long lease, but factor in the local area profile and the 2025 completion date when planning occupancy or rental projections.
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London,
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