1 bed Flat For Sale £135,000
Reserve at Zone at Oval Village with deposits from £6,750 ready to move into this winter.
Zone is an exceptional development of 1-bedroom Shared Ownership apartments located in Oval in Zone 1. These in-demand homes offer affordable living in a prime London location and benefit from access to a range of on-site residents amenities including:
- Residents gym*
- 24-hour concierge service
- Communal gardens & roof terrace
1-bedroom homes available from £135,000 for a 25% share (full market value £540,000).
Example Shared Ownership Cost Breakdown - 25% share
* Full market value = £540,000
* 25% share price = £135,000
* Estimated monthly rent = £928 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge: £212
Example Shared Ownership Cost Breakdown - 40% share
* Full market value = £540,000
* Example 40% share price = £180,000
* Estimated monthly rent = £825 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £212
Example Shared Ownership Cost Breakdown - 60% share
* Full market value = £540,000
* Example 60% share price = £270,000
* Estimated monthly rent = £618 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £212
About Zone at Oval Village
Zone is an exceptional collection of Shared Ownership apartments, at Berkeley’s iconic Oval Village development.
Located in Zone 1 between Oval, Vauxhall and Kennington stations Zone at Oval Village makes commuting across the capital fast and easy, while excellent tube, rail, bus and cycle networks put you within easy reach of city hotspots.
Built to a high specification, all homes offer the best in contemporary living with concierge service, a private balcony and access to beautifully landscaped gardens; a city oasis for those who enjoy the perks of a city lifestyle and great outdoors.
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
- Estimated annual service charge amount from £2,546
- Service charge review period: Annual
- Council tax band: TBC
*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.
*Residents' gym available on a pay-per-visit basis.
*Images of residents' amenities provided by Berkeley Group
