Shared ownership doesn't just have to be for first-time buyers or those struggling to get on the housing ladder. A new development in the heart of London by One Housing Group is offering a fantastic opportunity just for retirees - Bankhouse is a collection of shared ownership homes for the over 55s, offering independent living and extra care amenities. 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, city centre, lateral living.

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

Angela McKimmie, Head of Senior Living at Site Sales, comments: “Traditionally shared ownership has been for people at the beginning of their home ownership life cycle.  More recently it has been opened up to over 55s, who can now benefit from this more cost-effective way of buying a new home.”

Angela continues: "So those thinking of downsizing, no longer wanting the upkeep and maintenance of their current home, can now consider buying through shared ownership. This way they can release equity now to enjoy their retirement. Bankhouse has so much to offer - it is situated in a vibrant area and has both onsite facilities and extra care services where a wonderful, engaging retirement can be lived, all for less.”

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, with the knowledge that a range of services and facilities are available should they wish or need them, now or in the future. From housekeeping and personal care to an emergency call system in each home, everything at Bankhouse has been designed so that residents can enjoy a self-sufficient 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 kitchens and living areas. Each home has a separate utility/storage room with plumbing for a washing machine. 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 with the minimum 60% shared ownership start from £339,000 with the maximum 75% shared ownership purchase being from £423,750. 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 lifetime employment, 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 call Sites Sales on 0344 800 3963 or visit www.bankhouseSE1.co.uk.

-ENDS-

Notes to Editors

Season

Season develops and manages beautiful retirement housing available via Shared Ownership. The company provides homes that are contemporary, vibrant and age-adapted in desirable locations and promotes independence and active lifestyles for retirees as well as personalised support and care when required. Season is part of One Housing Group, a leading provider of care and support across London and the South East. Season is a member of ARCO. Launched in 2015, the ARCO Consumer Code sets standards for the retirement community sector.

Site Sales

Site Sales is London's major new home property agent. Founded 25 years ago, the company provides a range of services to Developers, Housing Associations, Local Authorities and registered Charities, delivering successful solutions on housing schemes ranging in size from 10 to 1000 units. Operating in and around London, Site Sales is an extension of its clients' management, advising them on all aspects of speculative housing from site appraisal, planning, design, specification, construction, sales, marketing and after-care services. Site Sales also build its own developments, currently operating on a range of small-scale schemes. Site Sales is an ARCO Network Affiliate Member. For further information contact www.site-sales.co.uk / 020 8502 5758.

For further press information please contact:

Jo Sims at BlackJam PR

Tel: 07967 006765

Email: jo@blackjampr.co.uk