Summary - Flat 11 St. Georges Buildings, 37, St. Georges Road SE1 6EP
1 bed 1 bath Flat
Affordable central flat with parking and renovation potential for first-time buyers.
55% shared ownership — affordable route into SE1 ownership
One double bedroom, third-floor flat with high ceilings
Allocated off-street parking — uncommon for central location
Long lease remaining (approx. 156 years)
Kitchen dated to 1980s; scope for refurbishment and added value
Electric storage heating; consider running costs and comfort
Solid brick walls likely uninsulated — potential energy upgrade needed
Area records high crime and high deprivation; factor into decision
A bright one-bedroom third-floor flat offered as a 55% shared ownership stake, arranged for buyers seeking an affordable step onto the London property ladder. The living room benefits from large windows and wood flooring, while high ceilings and period brickwork give the apartment character and natural light. An allocated off-street parking space is included — a rare convenience in this part of SE1.
Practical considerations are straightforward: the property runs on electric storage heating and has double glazing, but the building’s solid brick walls are likely uninsulated. The kitchen dates from the 1980s and will suit someone happy to modernise; this presents clear scope to add value. The long lease (approx. 156 years) reduces medium-term lease concerns, but shared ownership means you purchase 55% equity and should budget for possible additional leasehold costs and service charges.
Location is a strong selling point for commuters and young professionals: fast broadband, excellent mobile signal, and close walking distance to transport links, dining and leisure around Elephant and Castle. The area is undergoing regeneration, which may appeal to buyers looking for future growth. Be aware the locality records higher crime levels and sits within a very deprived area index; viewings and surveys are recommended to confirm suitability and service condition before purchase.
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