1 bed flat for sale

Garter Way, London SE16

Shared Ownership

This superb modern home is available to buy from as little as £219,000 with a 60% share!

This well proportioned one bedroom ground floor apartment offers the standout benefit of a generous private garden and parking. The property features a practical layout with well-defined living spaces, while the outdoor area provides an excellent extension of the accommodation.

The apartment comprises a spacious reception room with room for both living and dining furniture, alongside a separate fitted kitchen. The double bedroom is well-sized, with a bathroom and central hallway completing the accommodation. A particular highlight is the substantial garden, which wraps around the property and provides plenty of space for outdoor seating, dining and entertaining.

The combination of ground floor living, parking and generous private outdoor space makes this an appealing property. The unusually spacious garden is a particularly attractive feature for a one-bedroom apartment, offering flexibility for relaxing, gardening or enjoying the warmer months.

The property is ideally positioned for commuters, with excellent transport connections into Central London and beyond. Rotherhithe Overground station and Canada Water station are both approximately 0.2–0.3 miles away, providing convenient access to the London Overground and Jubilee line. Canada Water offers direct Underground services to London Bridge, Canary Wharf and the West End, while the Overground provides connections towards Shoreditch High Street and other parts of the capital. Numerous local bus routes serve the surrounding area, while road links via the A200 and Rotherhithe Tunnel provide further connectivity across London.
Pricing & affordability


Full Market Value: £365,000

60% Share Price: £219,000 (rent £249.02pcm)
Minimum 5% Mortgage Deposit (60% share): £10,950
Approximate Service Charges: £100.55pcm*
Lease: 155 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 £80,000/£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.