1 bed Flat For Sale £258,000
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 £142,500 for a 25% share (full market value £570,000) up to £161,250 for a 25% share (full market value £645,000).
Example Shared Ownership Cost Breakdown - 25% share
* Full market value = £645,000
* 25% share price = £161,250
* Estimated monthly rent = £1,109 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge: £187
Example Shared Ownership cost breakdown - 40% share
* Full market value = £645,000
* Example 40% share price = £258,000
* Estimated monthly rent = £887 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
Example Shared Ownership cost breakdown - 60% share
* Full market value = £645,000
* Example 60% share price = £387,000
* Estimated monthly rent = £591 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
Don't miss out, homes at New Mansion Square are now over 70% sold!
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: 990 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
*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.
