This property is no longer on the market
1 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold
- Residents’ gym (pay per use) and secure cycle store
- Energy efficient insulation and appliances
- High spec finishes throughout
- Private balcony
- Zone one location
- 24-hour concierge service and monitored CCTV
Reserve at Zone at Oval Village with deposits from £6,875 ready to move into this winter.
Zone is an exceptional development of 1-bedroom Shared Ownership apartments located in Oval in Zone 1. These in-demand homes offer affordable living in a prime London location and benefit from access to a range of on-site residents amenities including:
- Residents gym*
- 24-hour concierge service
- Communal gardens & roof terrace
1-bedroom homes available from £135,000 for a 25% share (full market value £540,000).
Example Shared Ownership Cost Breakdown - 25% share
* Full market value = £550,000
* 25% share price = £137,500
* Estimated monthly rent = £928 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge: £212
Example Shared Ownership Cost Breakdown - 40% share
* Full market value = £550,000
* Example 40% share price = £220,000
* Estimated monthly rent = £825 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £212
Example Shared Ownership Cost Breakdown - 60% share
* Full market value = £550,000
* Example 60% share price = £330,000
* Estimated monthly rent = £618 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £212
About Zone at Oval Village
Zone is an exceptional collection of Shared Ownership apartments, at Berkeley’s iconic Oval Village development.
Located in Zone 1 between Oval, Vauxhall and Kennington stations Zone at Oval Village makes commuting across the capital fast and easy, while excellent tube, rail, bus and cycle networks put you within easy reach of city hotspots.
Built to a high specification, all homes offer the best in contemporary living with concierge service, a private balcony and access to beautifully landscaped gardens; a city oasis for those who enjoy the perks of a city lifestyle and great outdoors.
What is Shared Ownership?
Shared Ownership is a part buy/part rent scheme that helps you get on the property ladder in an affordable way. You can usually buy an initial share of 25% to 75% of the value of a property. You will then pay a subsidised rent on the share you don’t buy, and there will also be a monthly service charge to be paid on your home.
What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought-after location.
Register your interest to find out more or search 'Peabody Shared Ownership'.
Financial information
- Tenure: Leasehold
- Length of lease: 999 Years
- Annual ground rent amount: £0
- Ground rent review period: N/A
- Estimated annual service charge amount from £2,546
- Service charge review period: Annual
- Council tax band: TBC
*The financial information provided is indicative of the costs for this property type at this development and is intended to be used as a guide only. Please seek advice from an Independent Financial Advisor for accurate financial information related to your specific circumstances.
*Residents' gym available on a pay-per-visit basis.
*Images of residents' amenities provided by Berkeley.
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*DISCLAIMER
Property reference Peabody Homes_Zone Oval Village Shared Ownership_62759_175ec673-dc9f-ee11-be37-6045bd0b24e8D. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Peabody - Zone Oval Village Shared Ownership.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 17, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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