1 bed Flat For Sale £250,000
Reserve with deposits from £14,125 ready to move into this winter.
Discover New Mansion Square, a collection of exceptional 1-bedroom Shared Ownership homes in Battersea, SW8.
These ready-to-move-into homes boast spacious open-plan layouts, private outdoor space and access to a range of fantastic on-site amenities including a concierge service and a residents' garden. All just a stone's throw from the iconic Battersea Power Station - now one of London's best shopping and leisure destinations.
1-bedroom apartments available from £141,250 for a 25% share (full market value £565,000) up to £156,000 for a 25% share (full market value £625,000).
Don't miss out, homes at New Mansion Square are now over 60% sold!
Example Shared Ownership Cost Breakdown - 25% share
* Full market value = £625,000
* 25% share price = £156,250
* Estimated monthly rent = £1,074 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge: £187
Example Shared Ownership cost breakdown - 40% share
* Full market value = £625,000
* Example 40% share price = £220,000
* Estimated monthly rent = £928 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
Example Shared Ownership cost breakdown - 60% share
* Full market value = £625,000
* Example 60% share price = £375,000
* Estimated monthly rent = £572 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
What is Shared Ownership?
Shared Ownership is a part buy/part rent scheme that helps you get on the property ladder in an affordable way. You can usually buy an initial share of 25% to 75% of the value of a property. You will then pay a subsidised rent on the share you don’t buy, and there will also be a monthly service charge to be paid on your home.
What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought-after location.
Register your interest to find out more or search 'Peabody Shared Ownership'.
Financial information
- Tenure: Leasehold
- Length of lease: 999 Years
- Annual ground rent amount: £0
- Ground rent review period: N/A
- Annual service charge amount from £2,245.74
- Service charge review period: Annual
- Council tax band: TBC
*Up to 5% deposit boost terms and conditions apply. Peabody will contribute a total of 5% of the 25% share value as a one-off deduction when your home completes. This incentive will require you to purchase a 25% share, with a minimum 10% deposit (of the share you are purchasing). The maximum value of any incentive is £8,000, which is applied to apartment 74 Arden Mansions. Valid on selected 1-bedroom homes for new reservations taken from 11 November 2023 to 30 December 2023. For full terms and conditions, visit the Peabody New Homes website.
*The financial information provided is indicative of the costs for this property type at this development and is intended to be used as a guide only. Please seek advice from an Independent Financial Advisor for accurate financial information related to your specific circumstances.
New Mansion Square is built in collaboration with Battersea Power Station.
Exterior imagery is of planning CGIs and for guidance purposes only.
