Modern 2-bed shared ownership apartment with balcony, close to station and shops.
80% shared ownership, 117 years remaining on lease
A bright, modern two-bedroom apartment arranged over 788 sq ft, offered as 80% shared ownership. The home centres on an open-plan kitchen/living area that flows onto a private balcony — good for fresh air and light in a compact urban setting. Both bedrooms are doubles and there is ample built-in storage, making the layout practical for a first purchase or downsizing couple.
Practical details are straightforward: the property is leasehold with 117 years remaining, double glazing installed post-2002, and community mains gas heating. Council tax is described as affordable, and broadband and mobile signal are strong — useful for home working or streaming. The building includes attractive communal gardens and is about 0.4 miles from Lower Sydenham station, with local shops and a Sainsbury’s nearby.
Buyers should note material drawbacks: the area records high crime levels and is classified as very deprived, which may affect insurance, security costs and long-term resale. The home is part of a community heating scheme (not an independent boiler), and additional leasehold fees or administration costs can apply. Prospective purchasers are advised to check service charges, read the lease documents in full, and commission a survey.
Overall this is a practical, efficiently laid-out shared ownership apartment suited to a first-time buyer or investor seeking an affordable London entry point. It offers immediate liveability with scope to personalise, but its location and tenure details should be weighed against budget and long-term plans.