New shared-ownership homes in Oval

This often-overlooked area of Oval in south-east London is being boosted by hundreds of new shared-ownership flats.
Click to follow
Oval will be thrust into the spotlight in three weeks with the final match in the Ashes Test series. At other times, this no-frills area struggles to have an identity beyond the world-famous cricket ground, despite being a well-connected Zone 2 address, close to the river, and a short hop from the West End and the City.

Yet, step beyond the cricket ground, ringed by dreary tenements and a gas works, and there are some property surprises: handsome Edwardian mansion blocks, lofts in factory and school conversions, charming Duchy of Cornwall Estate homes — cottages and townhouses built just before the First World War — and delightful Bonnington Square, with its resident-run pleasure garden and café.

For such a central location, Oval stands out as good value (in the region of £500 a square foot), with a promising future. The Northern line spur to Battersea Power Station will make it a more strategic transport point, and the area is benefiting from regeneration rippling out from Nine Elms and Vauxhall.

View sold house prices in Oval
Check area stats for Oval
See current property values in Oval
See five-year property value trends

New homes in Oval
From £272,500: new-build homes have taken the place of a former council estate at Myatts Field. Call 020 8498 6001

New homes in Oval
£66,250 for a 25 per cent share of flats: flats at The Square, Kennington. Call 0300 100 0303
Oval Quarter brings a much-needed housing scheme of scale and style. A Seventies council estate — 30-acre Myatts Field North — has been bulldozed to make way for 808 new homes and one of the largest new parks in London. There will also be allotments and a showpiece community centre with café, crèche and IT suite built “under” the park but with a sloping glass roof to maximise solar gain. The first phase of 357 private homes has been launched and 146 shared-ownership flats are coming later through Notting Hill Housing Trust. Low-rise blocks overlook the main park or smaller “pocket parks”.

“It’s an opportunity to buy early into a fast-improving area,” says Jeremy Marcus of developer Higgins Homes. The project will take five years to complete. Prices from £272,500. Call 020 8498 6001.

Shared-ownership flats are on offer at The Square, 96 homes close to Oval Tube station and Kennington Park. Prices from £265,000 (£66,250 for a 25 per cent share). Contact Affinity Sutton housing association on 0300 100 0303.

The former Lilian Baylis school, now listed, is set to become a new community of 149 homes, 40 per cent of which are “affordable”, ranging from one-bedroom apartments to four-bedroom townhouses, from £275,000. Work is due to start later this year, with completion scheduled for 2015. Call Henley Homes on 020 7401 8777.

New homes in Oval
From £125,000: for 30 per cent of shared-ownership flats with two bedrooms at The Bottle Store, a redeveloped brewery. Call 020 7089 1315

Oval fades into Stockwell, a similarly unsung location one stop further south on the Northern line. The patch around South Lambeth Road, where there is a popular hub known as Little Portugal, is worth watching. The Bottle Store is a redevelopment of the former Watney’s brewery. The front of the Sixties factory has been retained and re-clad with a semi-transluscent façade to reveal the inner space. Two new blocks have been built around landscaped courtyards.

A colourful and confident piece of architecture, the design incorporates eco-friendly features such as solar energy, and water is supplied to the development from two boreholes used by the original brewers. Shared-ownership two-bedroom flats cost from £125,000 for a 30 per cent share (full price, £418,000). Call Family Mosaic on 020 7089 1315.

Follow us on Twitter @HomesProperty, Facebook and Instagram