Affordable apartments for vibrant Vauxhall

First time buyers in London would be wrong to think that living in the centre of the city has to cost the earth. Muscovy House, a new development by Genesishomes in Vauxhall, allows purchasers to live in a London Zone 1 location from just £62,000 for a 25% share.

The collection of 30 one-bedroom apartments and two, two-bedroom apartments provide affordable homes in a fantastic central London location and are designed to appeal to a wide range of first time buyers.

Minutes away from the River Thames and with one of London’s hidden city farms nearby, residents will be surprised at how quiet and serene city centre life can be. Purchasers will be able to enjoy walks along the River Thames with Westminster and Waterloo close by. The home of British art, Tate Britain, is just across Vauxhall Bridge on Millbank while the world famous cricket ground, The Oval, is within walking distance.

Over recent years, Vauxhall has become one the late-night hotspots of the capital, with numerous bars and clubs opening in the railway arches stretching to Waterloo.

Muscovy House has everything a first time buyer could ask for; kitchens come with a full height Hotpoint fridge freezer, stainless steel oven and extractor hood.

All apartments feature fitted carpets to bedrooms, lounge and hallways as well as a video entry system; while some apartments have a separate kitchen.

Muscovy House enjoys a range of public transport in the local area. Vauxhall underground station is less than a five minute walk away and offers Victoria line services to Kings Cross St Pancras, Oxford Circus, Green Park and Victoria in less than 20 minutes. Vauxhall Station offers services to Clapham in four minutes, Waterloo in five minutes and, for those who want to get further away from the city centre, Windsor & Eton Riverside is less than an hour away.

Open to all first time buyers, priority will be given to those living and working in the London Borough of Lambeth. Prices start from as little as £62,000 for a 25% share in a one bedroom apartment at Muscovy House based on a full market value of £248,000. For more information visit: genesishomes.org.uk

Genesishomes’ shared ownership scheme is open to anyone who does not already own a property and is unable to buy on the open market. Your total household income must be less than £60,000 per annum and you will need savings of around £3,500 to cover moving and legal costs.