Summary - 866, Old Kent Road SE15 1NQ
1 bed 1 bath Apartment
Well-specified one-bed with low service charge — ideal for first-time buyers..
• 25% shared-ownership option — share £123,125 (full price £492,500)
• 1 bedroom, 1 bathroom, approx. 610 sq ft (average sized)
• Modern finishes: Zanussi appliances, Amtico flooring, carpeted bedroom
• Triple glazing, gas boiler and radiators, EPC B
• Car-free development with secure cycle store; off-street parking to check
• Communal outdoor area with picnic tables and pergola
• Service charge £159pcm (below average); estimated rent £615.63 (25% share)
• Local concerns: high crime and very deprived area; verify build date
This one-bedroom shared-ownership apartment in SE15 offers an accessible route onto the ladder with a 25% share priced at £123,125 (full value £492,500). The home is fitted with Zanussi appliances, Amtico flooring to living spaces and triple glazing; most apartments are dual-aspect, bringing good natural light. Residents benefit from communal outdoor space with picnic tables and a pergola, secure cycle storage and an EPC B rating.
The development is car-free, suited to buyers who travel by bike or public transport; an off-street parking provision is noted but car ownership should be checked before committing. Service charges are competitively low at £159pcm, and the shared-ownership running costs shown include an estimated rent of £615.63 (based on a 25% share). Finance examples supplied indicate modest monthly mortgage/repayment figures for a typical first-time buyer.
Buyers should be aware of material context: the local area is classified as inner-city cosmopolitan with high crime and very high deprivation levels. These socio-economic factors may affect lifestyle and long-term capital growth. Also note a data inconsistency: the property is described as new build while a construction field lists “before 1900” — request confirmation of build date and full legal / lease documents.
Overall this apartment suits first-time buyers seeking an affordable shared-ownership entry in a well-specified modern development. It’s practical, bright and low-maintenance but buyers must weigh local area safety and confirm parking, construction age and leasehold terms before viewing.
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