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New Shared Ownership Homes Now For Sale In Wandsworth

Posted 11 May 2023 by Keith Osborne

House-hunters currently living or working in Wandsworth have priority in buying a brand new home at Greenside in Roehampton...

Southern Housing has unveiled a collection of brand new Shared Ownership homes available exclusively for those currently living or working in Wandsworth, at its Greenside development in Roehampton, where a new show home has just been unveiled.

Greenside comprises 54 new Shared Ownership homes on the cusp of the iconic Richmond Park and Putney Heath, with the opportunity to ‘part buy-part rent’ providing a more affordable route onto the property ladder for local young professionals and families compared to the open market.

The one-, two- and three-bedroom homes are light-filled with high-quality finishes including engineered timber flooring, bespoke built-in wardrobes and sleek kitchens with integrated appliances. All homes enjoy private outdoor space, set around the development’s beautiful flowering courtyard gardens that back onto Richmond Park Golf Course, ensuring tranquil surroundings that promote relaxation and wellbeing.

Greenside includes two one-bedroom, ground floor wheelchair-adaptable apartments with allocated Blue Badge bay parking, accessible bus routes on-street and a short drive away from local shops. The development also includes secure cycle storage, parking to selected homes included in the price and a 12-month car club membership for every resident, reducing the need for full car ownership.

What is Shared Ownership?

Shared Ownership is a government-backed scheme, designed to make stepping onto or along the property ladder more affordable. At Greenside, buyers start by buying 30% of a home, and pay a subsidised rent on the remaining part. Importantly, this means they only need a mortgage deposit on the portion of the home they buy (as little as £5,475) while they can increase their share, known as staircasing, to full ownership over time.

Jane Williams, head of new homes sales and marketing at Southern Housing, commented: “We’re continually investing in a future where a great home is within everyone’s reach, so we are pleased to offer this attractive and high-quality, yet affordable, new development to locals to help them lay down roots. The development is surrounded by green space and with a central garden at its core, there is plenty of space that can be enjoyed by the new community here.”

“With Help to Buy over, Shared Ownership is an incredibly valuable option for those getting onto the property ladder.”

Prices start at £109,500 for a 30% share of a one-bedroom apartment with full market value of £365,000. Find out more at shnewhomes.co.uk.

 

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