Modern shared-ownership flat with balconies and long lease; budget for rent and high service charges.
Two double bedrooms with built-in wardrobes
This first-floor, two-double-bedroom apartment offers a spacious open-plan living, dining and kitchen area that opens onto a large balcony — ideal for relaxed evenings or small-scale entertaining. Both bedrooms have built-in wardrobes and share a second balcony, bringing extra light and outdoor access to the sleeping quarters. At around 857 sq ft the layout feels generous for a two-bedroom flat.
The property is offered as shared ownership (35% share at £122,500 of a £490,000 valuation). Monthly outgoings include rent of £400.72 and a service charge of £379.31 (annual service charge £4,551.72). Council Tax is Band E (above-average). The lease is long (about 125 years remaining), and broadband and mobile signals are strong.
Practical realities to note: the development sits in a high-crime, deprived part of inner-city Camberwell, and the service charge is higher than average — both important when budgeting and assessing long-term comfort. There is no flood risk and the area has plentiful local amenities and several well-rated schools nearby, including an outstanding secondary.
For a first-time buyer seeking a modern, well-sized two-bedroom with outdoor space and long lease security, this shared-ownership flat reduces the initial purchase cost while retaining potential for future staircasing. However, factor in ongoing rent, above-average service charges and local safety considerations when deciding whether to proceed to a viewing.