1 Bed Flat, Theobald Heights, SE18

You're renting anyway – so why not rent the home you're going to own?

This is not a standard rental. Our rent-to-own model gives you the opportunity to rent this property at £1,750 per calendar month, with the right to purchase it at a fixed price within the next 2–3 years. Your purchase price is agreed from day one – no surprises.

Fixed purchase price: £290,000 (2-year term) or £295,000 (3-year term).

This could be right for you if you want to own but can't get a mortgage just yet, you're building your deposit, you have irregular income or are self-employed, or you simply need more time to get your finances in the right place.

How the finances work: monthly rent is £1,750, fixed for the full term with no increases. You'll then have up to 2–3 years to strengthen your mortgage position, build your deposit, and work towards owning this home at the pre-agreed price.

The property: a beautifully maintained one-bedroom apartment sitting on the fifth floor of a modern development in Woolwich. The flat is in excellent condition throughout – tastefully presented and ready to move straight into. There's a good-sized living and dining area with an open-plan kitchen leading out to a west-facing private balcony – perfect for catching the evening sun and sunset views. The bedroom is a comfortable double with fitted storage, and the bathroom is modern and well-appointed. The storage has been cleverly thought through – one cupboard even houses a compact home office setup, making the most of every square metre. Heating and hot water are supplied via a communal system, keeping running costs low.

Conveniently located in a quiet modern development, Woolwich Arsenal station (Elizabeth line, DLR and Southeastern) is a short walk away, putting Canary Wharf around 15 minutes and the City around 25 minutes by train.

For more information about how rent-to-own works, or to enquire about this property, please contact us.

Tenure: Leasehold | Lease remaining: 116 years | Council Tax Band: C | EPC: B