Shared ownership retirement homes launch for sale on London’s south bank

Bankhouse is an exclusive collection of shared ownership homes for the over 55s offering independent living with extra care amenities, which launched last month. Situated in one of London’s most desirable locations on the South Bank of the River Thames, in the London borough of Lambeth, these beautifully designed apartments offer contemporary lateral living in the heart of London.

Located on the upper levels of a 14 storey tower, the 36 one and two-bedroom apartments, by Season, part of One Housing, and marketed by Site Sales, provide an exciting and exclusive opportunity to enjoy luxurious retirement living.

Angela McKimmie, Head of Senior Living at Site Sales comments: “Retirees searching for a new home in a vibrant area with onsite facilities and extra care services are sure to find what they are looking for at Bankhouse – where they can live a wonderful retirement.”

Situated on Albert Embankment opposite the Tate Britain, Bankhouse enjoys stunning views of The River Thames to the Northwest and The Oval and The Shard towards the South and East. An exclusive address that has been created with care, the development has been designed to offer luxurious living along with the kind of facilities and services you would expect to find in a boutique hotel. Residents can relax and socialise with their neighbours in the many communal areas like the restaurant, licensed bar and club lounge or, for those warmer months, the delightful garden terrace.

The extra care services are what makes this a special place to live. Residents can enjoy all the advantages of living independently, but with the knowledge that a range of services and facilities are available should they wish or need them. From housekeeping to personal care, to an emergency call system in each home, everything at Bankhouse has been designed so that residents can enjoy an independent lifestyle in the knowledge that 24 hour tailored assistance is never far away.

Bankhouse, when complete, will be a new addition to the London skyline, a modern tower with balconies to most apartments, and homes on the upper levels benefiting from magnificent uninterrupted views of the capital. Internally, homes come in six different layout options and range in size from 587 sq ft to 770 sq ft providing a choice of living accommodation. They feature underfloor heating and a mix of Karndean, ceramic tiles and carpeted flooring.

All apartments feature open plan kitchen and living areas. Each home has a separate utility/storage room. There are two lifts from each floor to the ground floor and communal areas.

Homes are light and airy and have a contemporary feel featuring high quality fixtures and fittings. The modern Alno fitted kitchens feature Silestone worktops and upstands with stainless steel sinks and chrome mixer taps. They come complete with built-in appliances; oven, hob, extractor hood, fridge/freezer and dishwasher. The shower rooms feature contemporary white suites with chrome taps and thermostatically controlled showers.

Bankhouse is situated in one of London’s best locations with all the major attractions close by. Directly outside the development is a bus stop and Vauxhall Station, a major transport hub, is less than 10 minutes walk away. Victoria Station, a short trip away, provides access to Sussex and Kent for days out away from the city. The Thames Clipper, from St George Wharf is a few minutes’ walk away and provides services up and down the river. Both Heathrow and Gatwick are under an hour away by public transport.

Prices for one and two bedroom apartments start at £565,000 with the maximum 75% shared ownership purchase being from £423,750 and the minimum 60% shared ownership being £339,000. There is a 60% to 75% share available to purchase with the share values subject to affordability. To be eligible you must be 55 or over, retired from employment, live in London, not own any other property at the time of completion and meet the financial requirements; subject to approval. For further information on Bankhouse and eligibility, visit bankhouseSE1.co.uk.