1 bed flat for sale

New Park Road, London SW2

This superb modern home is available to buy chain-free from as little as £93,000 with a 30% share

Situated in the sought-after Brixton area, this well-presented one-bedroom first-floor flat offers a bright and airy living space ideal for first-time buyers. The property features a spacious living room, a separate kitchen, a modern bathroom, and a good-sized double bedroom. A private balcony provides the perfect spot to enjoy your morning coffee or unwind in the evening.

Transport connections are excellent, with Brixton Station (Victoria Line) and Streatham Hill Station within easy reach, providing quick access into Central London. Multiple bus routes serve the area, making commuting and exploring the city straightforward.

Local amenities include a variety of shops, cafes, and restaurants, with Brixton Village and Brockwell Park nearby for leisure and weekend activities. Supermarkets and essentials are within walking distance, adding to the convenience of this vibrant location.
Pricing & affordability


Full Market Value: £310,000

30% Share Price: £93,000 (rent £669.58pcm)
Minimum 5% Mortgage Deposit (30% share): £4650
Approximate Service Charges: £346.31pcm*
Lease:103 Years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £310,000 and a purchaser would not need to meet the eligibility criteria listed above.