Love Lane, London

Shared Ownership

This superb modern home is available to buy from as little as £103,500 with a 30% share!

Set on a high floor of a modern development in SE18, this well-proportioned apartment offers an appealing blend of space, light, and functionality, complemented by far-reaching views across London. The property is thoughtfully arranged to suit contemporary living, with a clear separation between living, sleeping, and service areas. The reception room forms the heart of the home, providing a generous and versatile space for both relaxation and entertaining. Large windows draw in natural light and connect seamlessly to a private balcony, creating an ideal spot for morning coffee or evening downtime while enjoying the elevated outlook. The kitchen is positioned conveniently off the main living space and is fitted with practical work surfaces and storage, making it well suited for everyday use. Both bedrooms are well defined and comfortably proportioned, offering flexibility for a main bedroom and guest room, home office, or nursery. A neatly arranged bathroom and additional storage off the hallway enhance the overall practicality of the apartment. Located on the twentieth floor, the property benefits from a sense of privacy and calm, while remaining well placed for local amenities, transport links, and the riverside attractions of Woolwich and the surrounding area.

The property is well positioned on Love Lane in SE18, offering convenient access to a wide range of local amenities and transport connections. Woolwich town centre is close by, providing an excellent selection of shops, cafés, restaurants, and leisure facilities, alongside everyday conveniences such as supermarkets and fitness centres. The nearby riverside adds to the appeal, with pleasant walking routes and open spaces. Transport links are a key highlight, with Woolwich Arsenal and Woolwich Elizabeth line stations within easy reach, offering fast and direct services to Canary Wharf, the City, and the West End, as well as mainline rail and DLR connections. Multiple bus routes further enhance connectivity, making this an ideal location for commuters and those seeking easy access across London.

PRICING & AFFORDABILITY

Full Market Value: £345,000

30% Share Price: £103,500 (rent £693.01 pcm)
Minimum 5% Mortgage Deposit (30% share): £5175
Approximate Service Charges: £371.50 pcm*
Lease: 113 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 £345,000 and a purchaser would not need to meet the eligibility criteria listed above.