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The housing development is part of the charity's Independent Living Programme, which seeks to provide 300 young people a home and entry level or apprenticeship roles that lead to full time employment.
Centrepoint has refurbished six one bedroom homes, upgrading and refreshing all of the self-contained flats to its Independent Living accommodation high standard.
One in five young people using Centrepoint's services are ready to move on but they are unable to do so due to a shortage of affordable homes, increasingly restrictive welfare policies and reductions in local authority benefits.
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The Independent Living Programme seeks to tackle the shortage of quality affordable accommodation, free up hostel beds Centrepoint currently provides for those in dire need, and give young people a real future of independence.
As part of the Independent Living Programme, Centrepoint aim to only charge a young person approximately one-third of their salary as rent. This would typically mean a 20-year old young person in Manchester, earning minimum wage (currently £6.56 per hour or £1,050 per month) would pay around £350 per month to live in a self-contained apartment. However, Centrepoint's intention is to work with ethical employers to ensure young people are earning above minimum wage which would typically mean someone in London earning £18,000 per year would pay around than £500 per month to live independently.
Centrepoint Chief Executive, Seyi Obakin, said: "Our mission at Centrepoint has always been to support homeless young people in getting a job and a home. The Independent Living Programme builds on that idea by making housing costs affordable and giving young people the foundation they need to start a career. We are so pleased to have secured planning permission in Southwark and hope other councils see the importance of what we're doing to give homeless young people a real future and want to get involved too."
