Shared ownership in Camberwell: south London village with exciting new cafes, shops and flats with shares from £104k

Camberwell’s fortunes are back on the up — exciting new shops, cafés and restaurants are popping up alongside new homes.

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Ruth Bloomfield12 April 2019

Camberwell was a posh suburb in Georgian and Victorian London. The grand Georgian townhouses in Camberwell Grove and the Victorian piles around Myatt’s Fields Park are a legacy of its glory years.

But, like Brixton and Streatham, its fortunes took a tumble in the 20th century, as many of those houses were carved up into cheap student lodgings, while high streets waned.

Today, however, Camberwell’s fortunes are back on the up. Grotty old estates are regenerated, brownfield sites are rapidly being covered with new homes, and exciting new shops, cafés and restaurants are popping up.

Housing association Peabody is just one of the housebuilders to spot Camberwell’s potential. For first-time buyers interested in a shared-ownership flat, its newest development is remarkably affordable.

From £103,750: 25 per cent of a one-bedroom flat at The Gallery, Camberwell, by Peabody

One-bedroom flats at The Gallery start at £103,750 for a 25 per cent share in a property worth £415,000.

These homes are aimed at buyers with a household income of between £48,473 and £90,000.

They will need a deposit of £10,375 and monthly costs, including service charge, rent and mortgage payments, will come in at about £1,198.

Two-bedroom flats start from £133,750 for a 25 per cent share of a home with a full price of £535,000.

Buyers should have a household income of between £61,746 and £90,000, and the minimum deposit is £13,375. Monthly costs will be about £1,523.

With Peabody’s trademark modern mansion block look, The Gallery is moments from the recently spruced-up Camberwell Green with its weekly farmers’ market, and the area is surprisingly leafy for Zone 2.

Huge Burgess Park with its sports facilities and barbecue zone is within walking distance, and the small but charming community-run Myatt’s Fields Park is also nearby.

Although housebuilders are now circling, Camberwell has remained slightly under the radar compared to its trendier neighbours because of its lack of a Tube station.

Lots to offer: exciting places to eat and drink are popping up all over Camberwell, south-east London

However, this shouldn’t be a deal breaker since London Overground services from Denmark Hill station, a 15-minute walk from The Gallery, go to Shoreditch, the City or Victoria in less than 15 minutes.

Camberwell Road, Peckham Road, and Denmark Hill dissect the centre of Camberwell, each lined with chain shops and restaurants.

But Camberwell Church Street is the true heart of the neighbourhood, with its hugely cosmopolitan range of restaurants, bars and independent cafés.

Camberwell is also home to the Camberwell College of Arts — now part of the University of the Arts London — and the South London Gallery is nearby in Peckham Road. There is an annual arts festival each June.

Other highlights of the area include Camberwell Leisure Centre, with its restored Victorian swimming pool, and quality pubs including the Camberwell Arms. For nightlife both Peckham and Brixton are within walking distance.

“Camberwell is a tight-knit, unique and creative area, and we are proud to be bringing The Gallery to this community,” says Debbie Coombs, director of sales and marketing at Peabody.

“It’s the perfect location for a sociable and energetic lifestyle, with a plethora of local events, green space and social hotspots within close proximity of the homes.”