66 Empire Square South

1 bedroom homes in Southwark, Southwark, SE1 4NF

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £118,750 for 25% share
Full price from £475,000
Min deposit from £5,938
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Situated in the desirable Empire Square development, is this modern one bedroom apartment with a large open plan living space. The flat benefits from an entryphone system to communal hall, reception room/ kitchen, electric heating. This property is located close to local and national transport links and the ever popular Borough market and surrounding amenities.

Local area information

The property is located close to public transport links, Borough Underground Station (Northern Line), and numerous bus routes into the City and West End, as well as to the south of the borough and Waterloo. The property is close to Borough High Street (A3), a main arterial road that links The City and Central London to the south of the city and beyond.

Status Plot No. Floor Beds Min share price Eligibility
Available 66 Third 1 £118,750 View details

FAQ's

Min share price from: £118,750 for a 25% share
Full price from: £475,000
Minimum deposit from: £5,938
Monthly rent from: £795
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £118,750 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

66 Empire Square South

1 bedroom homes in Southwark, Southwark, SE1 4NF

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £118,750 for 25% share
Full price from £475,000
Min deposit from £5,938
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes