Portway House, Ossory Road, London

Shared Ownership

This superb modern home is available to buy from as little as £125,000 with a 25% share!

Discover contemporary living in this beautifully designed split-level two bedroom apartment, ideally situated on Ossory Road. This modern home offers a perfect blend of style, comfort, and convenience over two floors.

Upon entering the second floor, you'll find a generously sized double bedroom (12' x 11'7”), complete with direct access to a private balcony, providing a peaceful outdoor retreat. This floor also hosts a sleek, modern bathroom suite.

Ascending to the third floor, the expansive open plan kitchen and living area (25'6" x 11'8”) creates a bright and versatile living space with access to another balcony, ideal for both relaxing and entertaining. The contemporary kitchen is equipped with modern appliances and ample counter space. This level also includes a second bedroom perfect as a guest room, home office, or nursery, with its own access to a third private balcony.

Located in the vibrant and ever evolving area of Bermondsey, this home benefits from excellent local amenities. Enjoy an array of independent cafes, restaurants, and boutiques nearby, as well as the popular Bermondsey Street and Maltby Street Market. Green spaces such as Southwark Park and Burgess Park are within easy reach for leisure and relaxation.

Transport links are exceptional, ensuring seamless connectivity across London. South Bermondsey Station (National Rail) is a short walk away, providing direct services to London Bridge in just minutes. Additionally, Bermondsey Underground Station (Jubilee Line) and Elephant & Castle Station (Bakerloo and Northern Lines) offer quick access to Canary Wharf, the West End, and beyond. Numerous bus routes and cycling paths further enhance commuting options.


The location is fantastic, the many delights of SE1 and SE15 are all local and easily reachable. Transport links are plentiful; Burgess Park is a few moments away with transport links via Elephant & Castle, Bermondsey & South Bermondsey Stations and major bus routes across the City. There are a number of large supermarkets, shops and restaurants nearby, with an Asda Superstore just a few hundred feet from the development.

PRICING & AFFORDABILITY

Full Market Value: £500,000

25% Share Price: £125,000 (rent £867.97pcm)
Minimum 5% Mortgage Deposit (30% share): £6,250
Approximate Service Charges: £314.35pcm*
Shared Ownership Lease: approx. 115 years
Council Tax Band: D

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.

EWS1 CERTIFICATION IS AVAILABLE FOR THIS BLOCK - B1/B2 RATING- L&Q are working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire. Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.

Please follow this link to our public statement -