SO Resi Oval Village is a collection of new-build Shared Ownership apartments in Oval, South London.
The development forms part of the much larger Oval Village regeneration, creating a new neighbourhood on the site of a former gasworks close to The Oval cricket ground and within easy reach of central London.
SO Resi is offering 46 energy-efficient studio, one- and two-bedroom apartments, with every home benefiting from a private balcony or terrace.
For people looking to buy a new-build home in London, particularly in a well-connected Zone 1 location, Shared Ownership could provide a way to purchase an initial share of a property rather than having to buy the whole home outright.
One bedroom shared ownership Apartments available in London
United Kingdom, W12 7, London, Fountain Park Way
What is SO Resi Oval Village?
SO Resi Oval Village is a collection of 46 Shared Ownership apartments within the wider Oval Village development.
The homes include studios, one-bedroom apartments and two-bedroom apartments, with contemporary interiors and private outdoor space.
The wider Oval Village development is transforming a former industrial site into a new residential neighbourhood, with around 1,300 new homes alongside shops, leisure facilities, gardens and new infrastructure.
One of the most distinctive features of the wider development is its retained Grade II listed gasholder structure. The historic steel structure has been incorporated into the new neighbourhood, including the landscaped Gasholder Place area.
The development also includes landscaped gardens, communal spaces and new public areas designed to give the neighbourhood its own identity.
What homes are available at SO Resi Oval Village?
SO Resi Oval Village offers:
- Studio apartments
- One-bedroom apartments
- Two-bedroom apartments
The apartments have been designed for modern city living, with open-plan living spaces and contemporary kitchens.
Every apartment has its own private balcony or terrace, giving residents some outdoor space in addition to the communal areas around the development.
The development also provides access to a range of resident facilities, including an on-site gym, residents’ areas, cycle storage and landscaped communal spaces.
The exact size, floor, layout and availability varies between individual apartments, so buyers should check the latest details when considering a particular property.
What are the apartments at SO Resi Oval Village like?
The apartments have been designed with contemporary London living in mind.
The kitchens include integrated appliances, with current property information highlighting AEG and Grundig appliances in the apartments.
The homes also benefit from private outdoor space, while the wider development provides landscaped gardens and communal areas.
Other facilities available at the development include:
- Private balcony or terrace
- Integrated kitchen appliances
- Concierge service
- Residents’ gym
- Children’s play area
- Private landscaped courtyard
- Roof garden
- Cycle storage
The apartments also come with a 10-year warranty.
For buyers who want a modern apartment with access to shared facilities, the combination of private outdoor space and communal amenities could be an attractive feature.
Where is SO Resi Oval Village located?
SO Resi Oval Village is located in Oval, South London, close to Kennington, Vauxhall and the River Thames.
The development is particularly well placed for people who want to be close to central London while still having access to parks and open spaces.
The historic Kia Oval cricket ground is immediately nearby, while Kennington Park is within easy reach.
The River Thames and the South Bank are also close by, giving residents access to some of London’s best-known riverside attractions, restaurants, cultural venues and entertainment.
The location also benefits from a mixture of established local shops, cafés, pubs and restaurants around Kennington Lane, Oval and Vauxhall.
What is Oval Village like for residents?
One of the interesting things about Oval Village is the combination of a new-build neighbourhood with an established part of London.
The development itself provides landscaped gardens, communal areas and new public spaces.
Beyond the development, residents have access to Kennington Park, which is one of the area’s major green spaces.
The park includes open lawns, gardens, sports facilities and areas for recreation.
The nearby Kia Oval is another major local landmark and hosts international and domestic cricket.
There are also plenty of shops, cafés, pubs and restaurants within the surrounding neighbourhood, while central London is only a short journey away.
For someone who wants the convenience of London living but still values access to parks and outdoor space, Oval Village offers an interesting combination.
Is SO Resi Oval Village a good option for commuters?
Transport is one of the biggest attractions of SO Resi Oval Village.
Oval, Kennington and Vauxhall stations are all within around a 10-minute walk of the development, giving residents several different transport options.
Oval and Kennington Underground stations are both on the Northern line.
Vauxhall provides access to the Victoria line as well as National Rail services.
This gives residents direct connections to many parts of central London and makes commuting from Oval relatively straightforward.
For example, Kennington provides quick access towards Waterloo and London Bridge, while Vauxhall provides fast Underground connections towards Victoria and Oxford Circus.
The development is also well positioned for people who work in different parts of central London rather than having to rely on a single transport route.
For buyers who value connectivity, having three stations within walking distance is one of the standout features of the location.
Who might SO Resi Oval Village be suitable for?
The mixture of studio, one- and two-bedroom apartments means the development could appeal to several different types of buyer.
A studio could suit someone looking for a compact first home in London.
A one-bedroom apartment could be suitable for a single buyer or couple, while a two-bedroom apartment could provide additional flexibility for couples, sharers, home working or a small household.
The location could be particularly relevant to people who already live or work in London and want to move from renting into home ownership.
It could also appeal to first-time buyers who want to remain close to central London but find buying an entire property at market value difficult.
As with any Shared Ownership property, buyers will need to meet the relevant eligibility and affordability requirements.
What is Shared Ownership and how does it work?
Shared Ownership allows you to buy a share of a property rather than purchasing the entire home outright.
You normally purchase an initial percentage of the property’s full market value using a combination of your savings and a mortgage. You then pay rent on the remaining share owned by the housing provider.
For example, if an apartment has a full market value of £500,000 and you purchase a 25% share, your initial share would be worth £125,000.
You would then pay rent on the remaining 75%, as well as your mortgage and any applicable service charges.
One of the potential advantages is that you don’t need to raise a mortgage for the entire value of the property.
Depending on the particular Shared Ownership arrangement, you may also be able to purchase additional shares in the future. This is known as staircasing.
The exact rules around available shares, rent and staircasing can vary, so buyers should check the specific terms of the property they are considering.
How much do Shared Ownership homes at SO Resi Oval Village cost?
Current published information shows Shared Ownership homes at SO Resi Oval Village starting from £117,500 for a 25% share.
The current examples include:
| Property | Full market value | Initial share | Share price |
|---|---|---|---|
| Studio | £470,000 | 25% | £117,500 |
| 1 bedroom | £560,000 | 25% | £140,000 |
| 2 bedroom | £720,000 | 25% | £180,000 |
These figures reflect currently advertised properties and availability can change as individual apartments are reserved or new homes are released.
The full market values and initial share prices therefore give an indication of the current range rather than a guarantee that every property will remain available.
There are also examples of different share structures being promoted for the development. Recent SO Resi information has highlighted the possibility of buying a smaller initial share on some properties, so buyers should check the specific property and current terms when enquiring.
It is also important to remember that the initial share price isn’t the total cost of living in the property.
Buyers should consider:
- Mortgage payments
- Rent on the remaining share
- Service charges
- Council tax
- Utilities
- Contents insurance
- Other household costs
Working out the full monthly cost is therefore an important part of deciding whether a particular Shared Ownership property is affordable.
What facilities are available at SO Resi Oval Village?
SO Resi Oval Village has been designed with more than just the individual apartments in mind.
Residents have access to a range of communal facilities, including an on-site gym, concierge service and landscaped areas.
There is also a private landscaped courtyard and roof garden, providing additional outdoor space within the development.
A children’s play area is also included, while secure cycle storage is available for residents.
These facilities are particularly relevant for apartment buyers who may not have their own garden.
Every apartment does, however, have its own balcony or terrace, providing private outdoor space as well.
Why could SO Resi Oval Village be an interesting Shared Ownership opportunity?
The biggest attraction of SO Resi Oval Village is arguably its location.
Buying a new-build apartment in Zone 1 can be expensive, and Shared Ownership provides another way for eligible buyers to purchase a share of a property rather than needing to buy the whole home from the outset.
The development also offers a combination of modern apartments and established London surroundings.
Residents are close to The Oval, Kennington Park, the River Thames and the South Bank, while three major transport stations are within around a 10-minute walk.
The wider Oval Village regeneration is also creating a substantial new neighbourhood, with around 1,300 homes, green spaces, commercial areas, leisure facilities and new infrastructure.
The apartments themselves provide a choice of studio, one- and two-bedroom homes, making the development relevant to different types of buyer.
For someone who wants to remain in central London but is looking for an alternative to buying a property outright, SO Resi Oval Village could therefore be worth investigating.
How can I find out more about Shared Ownership homes at SO Resi Oval Village?
If you are interested in buying a Shared Ownership home at SO Resi Oval Village, check the latest availability, property types, prices, available shares and eligibility requirements before making an enquiry.
The development is currently being marketed with studio, one- and two-bedroom apartments, but individual properties can become unavailable as buyers reserve them.
It is also worth looking at the complete cost of ownership rather than focusing only on the initial share price.
Mortgage payments, rent on the remaining share, service charges and normal household costs all need to be taken into account.
SO Resi Oval Village provides an opportunity to buy a share of a new-build apartment in a highly connected part of South London.
With The Oval, Kennington Park and the River Thames nearby, and Oval, Kennington and Vauxhall stations all within walking distance, it combines new-build living with easy access to central London.
If you are searching for Shared Ownership homes in Oval, Kennington or South London, SO Resi Oval Village is a development worth keeping an eye on as new properties become available.
