Well-presented first-floor flat with balcony — low-deposit Shared Ownership opportunity.
40% Shared Ownership; £200,000 share based on £500,000 valuation
A bright, well-presented one-bedroom apartment in Butler Court, offered on a 40% Shared Ownership basis. The first-floor home includes an entrance hall with storage, an open-plan modern kitchen and living area with French doors to a private balcony, one double bedroom and a bathroom. Communal gardens and nearby local amenities add outdoor space and convenience.
This is a good option for first-time buyers wanting a lower entry cost: the asking price is £200,000 for a 40% share (based on a £500,000 valuation) with a minimum 5% deposit. Monthly outgoings are transparent — rent on the unsold share is £1,016.21 and the service charge is £220.00 monthly (c. £2,640pa), making the total monthly charge c. £1,236.21 plus any mortgage payment on the 40% share.
Practical positives include a long lease (114 years), very low flood risk, low local crime, fast broadband and excellent mobile signal. The flat sits in an inner-city, well-connected Battersea location close to parks, shops and transport links — convenient for commuting and city living.
Be aware of the obligations and recurring costs of Shared Ownership: there is an annual rent increase each April, and buyers should factor the service charge and ground rent into affordability calculations. The property is leasehold; prospective purchasers should obtain specialist legal and mortgage advice to confirm suitability. The local area is described as deprived at a statistical level, so buyers who prioritise investment growth should weigh local market factors carefully.