Great news for buyers and investors in south-east London as the old Victorian bath house in Walworth is being transformed into 270 new homes. Our Nine Elms estate agents take a look to see what is happening in this nearby area.

60 of 270 new homes specifically for first times buyers

First-timers should wash away those woes as they will be surprised to find their first property could be within reach in this fantastic location!

The site is just off Walworth Road where an old Victorian Bath house used to serve the locality. It’s purpose will be far more rewarding upon completion. Of the 270 homes being built 60 of them will be specifically for first time buyers. This is exciting news as it brings a group of people onto the property ladder that would normally be unable to get onto the first rung.

Prices for a one-bedroom flat will start from £437,500. and if participating in the help to buy scheme a 25% share will cost £109,375. The payment per month will stand at roughly £1065 which includes rent, mortgage payment and service charge.

The price for a two-bedroom flat will start at £550,000 and the 25% share will come in at £137,500. The monthly payment on the two bed will be circa £1132 to include rent, mortgage and service charge also. The shared ownership scheme really will make owning one of these properties a possibility.

Ideal location close to Kennington and Elephant & Castle

Buying a property in Manor Place Depot leaves you in a fantastic location. Kennington station is but a third of a mile away and if you fancy a slightly longer stroll then Elephant & Castle station is a little further of a walk but has it’s own advantages. There you can access both the Northern and the Bakerloo line and save money into the bargain as you are in zone 1.

For recreation, Walworth is within walking distance of 2 beautiful parks: Burgess Park near Camberwell baths, and Kennington Park in the largely residential family-friendly neighbourhood of Kennington.

and beautiful Burgess Park, both within walking distance. Walworth Road already has a thriving high street that is full of bustle and has everything you need. The railway arches are being revamped to bring new life to the area also.

Alongside this, Elephant & Castle is undergoing a huge regeneration which will bring a host of amenities onto your doorstep too. With new restaurants, shops and a new cinema this will be the ideal place to call home.

Buying a home in Kennington or Elephant & Castle?

If you would like more information on any properties in these areas please give our team in Nine Elms a call. We have some fantastic homes on our books and know the whole area like the back of our hands. Click on one of the links below to find your perfect opportunity today.

See all Buying News >