Summary - Flat 148, Arc House, 18 Maltby Street SE1 3GP
1 bed 1 bath Apartment
Chain-free fifth-floor one-bed with balcony — shared ownership from £110,000, close to Maltby Street Market..
Bright fifth-floor one-bedroom with private balcony
Open-plan 21.5 ft kitchen/living space, good natural light
Shared ownership: 25% share available from £110,000
Very long lease: 990 years remaining
High annual service charge (approx £4,894.20) — above average
Chain-free sale; new-build (2012) construction
Inner-city location with strong transport and market access
Local area: high crime rate and pockets of deprivation
A bright fifth-floor one-bedroom apartment in Arc House, Bermondsey, offered via shared ownership from a 25% share. The open-plan 21.5 ft kitchen/living space opens onto a private balcony, creating a light, sociable home ideal for first-time buyers seeking central SE1 living with lower up-front cost. The property is chain-free and benefits from a very long 990-year lease and contemporary 2012 build standards.
Practical costs and local context are clear: estimated service charges are high (about £4,894.20 annually) and shared-ownership rent on the unsold equity is payable (example rent £756.25 pcm on a 25% share). The property sits in an inner-city, cosmopolitan area close to Maltby Street Market, transport links (Northern and Jubilee lines) and local amenities, but it is in a high-crime, deprived ward—important for commuting buyers to consider.
The apartment is presented in good condition and ready to occupy, with double glazing, laminate/wood floors and contemporary fittings. Buyers should factor community heating (electric) arrangements and above-average service charges into affordability calculations. The home can also be purchased outright at full market value (£440,000) if eligibility criteria for shared ownership are not met.
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