Varcoe Corner in London
by Southern Housing New Homes
1 & 2 bedroom apartments
£91,250 - £116,875 for a 25% share
£365,000 - £467,500 Full Market Value
Varcoe Rd, London, London, Greater London, SE16 3DG
1 & 2 bedroom apartments now available with lower rents!
A brand-new collection of one and two bedroom Shared Ownership apartments in South Bermondsey.
Designed for modern city living, Varcoe Corner gives you the best of both worlds - a vibrant local community with quick and easy connections into central London.
Benefits of living at Varcoe Corner- 1 bedroom apartments with monthly costs from £1,146† and lower rents at 1.75%
- 2 bedroom apartments with monthly costs from £1,581† and lower rents at 2.50%
- Private balcony or terrace and integrated appliances to each home
- Communal roof terrace with panoramic views of the London skyline
- Energy Performance Certificate (EPC) rating is B
- Secure residents' cycle storage
- Wheelchair adaptable homes available
Welcome to Varcoe Corner, a collection of thoughtfully designed apartments combining practical layout with contemporary finishes. Stylish kitchens with integrated appliances and built-in-mirrored wardrobes to the main bedrooms create a comfortable and functional home. It's central location, elevated views across London and excellent transport links make it an ideal choice. Beyond your front door, there is a convenience store next to the development to purchase daily essentials. Stay active and push your limits on the court at nearby Padel Box Bermondsey or you can explore open green spaces at nearby Burgess Park.
Shared OwnershipWhat are the benefits?
- Low deposit - you only pay from 5% of the share you are buying.
- Flexibility - you choose when you want to purchase extra share of your home.
- Accessibility - Shared Ownership helps you get a mortgage even with a lower salary.
- Lower costs - Monthly costs can work our cheaper than renting privately.
To be eligible for Shared Ownership:
- Your household income must be no more than £90,000.
- You cannot own another property at the time of completing your purchase. You must have an offer on your current property to be able to reserve a new home.
- You must be over 18 years of age and able to obtain a mortgage.
You can read our buying guides for more information or listen to our podcast for on the go learning!
Register your interest and book a viewing to find out more
*Images are for illustrative purposes only.
†Total monthly cost includes the estimated monthly mortgage, rent and service charge. Rent increases annually and effective from 1st April each year based on the terms set out in the lease. Mortgage costs are based on a 95% repayment loan over 30 years with interest rate of 5.20% (this assumes you will be paying a 5% deposit). Affordability and eligibility criteria for 5% deposit apply. Please speak to an Independent Mortgage Advisor. Service charges are reviewed annually and are effective from 1st April each year. Service charge will increase year on year.
Example Shared ownership share price options
The following table shows examples of the share price range of this development at various share points
| Share | Lower price | Upper price |
|---|---|---|
| 25% share | £91,250 | £116,875 |
| 30% share | £109,500 | £140,250 |
| 35% share | £127,750 | £163,625 |
| 40% share | £146,000 | £187,000 |
| 45% share | £164,250 | £210,375 |
| 50% share | £182,500 | £233,750 |
| 55% share | £200,750 | £257,125 |
| 60% share | £219,000 | £280,500 |
| 65% share | £237,250 | £303,875 |
| 70% share | £255,500 | £327,250 |
| 75% share | £273,750 | £350,625 |
Are we missing any purchase information? Contact the developer
Please note: Computer generated images are for illustrative purposes only. Images may include optional upgrades at additional cost. Its purpose is to give a feel for the development, not an accurate description of each property. External materials, finishes, landscaping and the position of garages (where provided), may vary throughout the development. Properties may also be built handed (mirror image). Please ask for further details.