Summary - New Cross Road, London, SE14 SE14 5AH
1 bed 1 bath Flat
Affordable 40% shared ownership one-bed with balcony and gated access, ideal first-time buy.
40% shared ownership — lower purchase cost, ongoing rent £444.26 monthly
A practical first-home opportunity in New Cross: this one-bedroom, second-floor apartment offers a private balcony, gated access and an EPC B rating. Set within a modern development (built 2007–2011), the flat is compact but well presented, with a fitted kitchen, double bedroom and a small lounge opening onto the balcony.
Offered as 40% shared ownership, monthly housing costs will include a rent charge of £444.26 and a service charge averaging £128.43 (£1,541.16 annually). The property sits on a 107-year lease and is council tax band B, making it an affordable entry into the London market for first-time buyers who want lower upfront purchase costs.
Location is a major selling point: excellent mobile signal, convenient access to New Cross Gate rail and Overground, and a wide range of local amenities and good schools nearby (including an outstanding secondary). Be aware of local challenges — the area records above-average crime and is classified as deprived — which may affect resale or rental appeal.
This apartment suits a buyer seeking an affordable, low-maintenance starter home with transport links and outside space. It is leasehold, has ongoing monthly charges and sits in a neighbourhood with higher crime statistics; buyers should budget accordingly and view in person to assess condition and suitability.
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