Summary - Salamanca Place, SE1 SE1 7HE
1 bed 1 bath Apartment
Bright one-bedroom with long lease and close transport links.
45% shared ownership; full price £450,000
This well-presented one-bedroom apartment in Salamanca Place offers a bright open-plan reception with floor-to-ceiling windows and a modern fitted kitchen — ideal for a first-time buyer seeking a London base. The double bedroom and contemporary bathroom complete a comfortable 577 sq ft layout within a secure residential development that includes lift access and bike storage.
The property is being sold as 45% shared ownership (full market value £450,000) with monthly rent of £584 and a service charge of approximately £260 pcm. The lease is exceptionally long (c. 898 years), and flooding risk is very low, providing long-term security for ownership.
Transport links are a major convenience: Vauxhall Station is around 0.6 miles (about an 8-minute walk) with Waterloo also within walking distance. Local amenities, riverside walks and central South Bank and Westminster attractions are close by, making this a city-centre home with easy connections and lifestyle options.
Buyers should note the material running costs and neighbourhood context: the service charge totals about £3,120 per year; rent applies to the unsold share; council tax band is not provided. The wider area is a multicultural, student-dominated neighbourhood and the local area is classed as inner-city cosmopolitan with higher deprivation indicators — factors that may affect noise, evening activity and long-term rental demand depending on buyer priorities.
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