Cricket is one of Britain’s best-loved sports, and with more than 5,000 cricket clubs dotted across the UK, most fans of the sport are located within a short walk or drive from their local club.[1]
For those homebuyers looking for an even more special connection to the sport, housing provider SO Resi by Metropolitan Thames Valley has launched 46 apartments located just a stone’s throw from the iconic Oval Cricket Ground in Lambeth. SO Resi Oval Village, part of the wider Oval Village regeneration by Berkeley, offers studio, one and two-bedroom apartments, all available through the Shared Ownership scheme.
The wider development, located on the site of a former gasworks and backing onto the Oval Cricket Ground, will create 1,300 new homes, jobs and leisure facilities, alongside green open spaces for residents to enjoy.
All homes at SO Resi Oval Village are designed to offer local buyers, including young families, key workers and first-time buyers, the opportunity to get onto the property ladder in one of London’s most iconic settings. All homes are available through the Shared Ownership scheme, offering buyers the chance to purchase a percentage share of a home, typically between 10-75%.
This is a more accessible alternative to purchasing the property outright, helping priced out homebuyers in the local area. Buyers need only put down a five per cent deposit on the share that they are purchasing, and can increase their stake in their home over time through a process called ‘Staircasing’.
Esaiyas Mollallegn, Head of Marketing and Sales Operations at SO Resi by Metropolitan Thames Valley, comments: “SO Resi Oval Village offers an extremely rare opportunity for local people and first-time buyers to get onto the property ladder in central London, next to one of Britain’s most famous sports venues. Oval Village is a major regeneration scheme that will deliver new homes and community infrastructure, including 46 Shared Ownership apartments, which we expect to be in high demand. The Oval has attracted sports fans from the second half of the 19th century – now it is undergoing its next chapter of transformation. The launch of these Shared Ownership homes marks an important milestone in creating homes that are accessible to those who are otherwise priced out of this high-value location.”
SO Resi Oval Village is situated in one of the best connected locations in Zone 2. Within a short walk of the development are Vauxhall Pleasure Gardens (four minute walk), Vauxhall Park Lavender Garden (11 minute walk), Battersea Park (10 minute cycle), Trafalgar Square (13 minute cycle) and Borough Market (15 minute cycle). Everyday shops and amenities, including groceries, are available on nearby Kennington Lane.
Nearby Vauxhall Station offers underground services to Oxford Circus and King’s Cross in eight and 10 minutes respectively, while Kennington Station offers underground services to Waterloo in four minutes and London Bridge in 5 minutes.
Prices at SO Resi Oval Village start from £47,000 for a 10% share of a studio apartment (full market value £470,000), available with a 5% deposit of £2,350.
