St Mark's Square

1 - 2 bedroom homes in Simpson's Road, Bromley, Bromley, BR2 9YD

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £88,750 for 25% share
Full price from £355,000
Min deposit from £4,438
Monthly rent from £610
Service charge from £139
Bedrooms 1-2
Bathrooms 1
Parking 1
Pets No

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

The final one and two bedroom apartments at the exclusive St Mark's Square are available for Shared Ownership.

St Mark's Square is a new residential and leisure quarter available for Shared Ownership in Bromley, with a landscaped plaza surrounded by a nine screen multiplex cinema, cafés and restaurants. Just a short walk from Bromley South train station with direct links to central London in just 16 minutes - perfect for commuters.

Local area information

St Mark’s Square will soon be home to an excellent selection of restaurants, including Prezzo, Turtle Bay, Las Iguanas and Nando’s. The impressive nine screen multiplex VUE cinema and a Premier Inn hotel complete the collection, making St Mark’s Square an exciting and vibrant area to live in. Residents will also be able to enjoy unrivalled access to Bromley’s bustling high street and The Glades shopping Centre.

St Mark’s Square is an excellent location for fantastic connections into central London. London Victoria can be reached in just 16 minutes from Bromley South train station and London St Pancras in just under 45 minutes.

If you fancy getting away from it all, the beautiful Kent countryside and coast is also within easy reach by car or train.

Status Plot No. Floor Beds Min share price Eligibility
Available 48 Varney Court Tenth 1 £88,750 View details
Available 54 Varney Court Eleventh 1 £90,000 View details
Available 58 Varney Court Eleventh 1 £90,000 View details
Available 53 Varney Court Tenth 1 £91,250 View details
Available 62 Varney Court Twelfth 1 £94,375 View details
Available 52 Varney Court Tenth 2 £123,000 View details
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FAQ's

Min share price from: £88,750 for a 25% share
Full price from: £355,000
Minimum deposit from: £4,438
Monthly rent from: £610
Bedrooms: 1
Bathrooms: 1

There are 6 available ranging from £88,750 for a 25% share to £123,000 for a 30% 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.

No, but 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.

St Mark's Square

1 - 2 bedroom homes in Simpson's Road, Bromley, Bromley, BR2 9YD

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £88,750 for 25% share
Full price from £355,000
Min deposit from £4,438
Monthly rent from £610
Service charge from £139
Bedrooms 1-2
Bathrooms 1
Parking 1
Pets No

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