Great Shared Ownership Apartments in London

Posted 15 May 2020 by Keith Osborne

We look at some of the best Shared Ownership apartments for sale right now around the capital...

Recently, there’s been a big rise in interest in getting on the property ladder with Shared Ownership (also known as part buy-part rent). It’s a great way to get into homeownership when you can’t afford to buy a property outright.

Developers are building these homes across the country but there is a particularly large choice of new build Shared Ownership properties in Greater London, particularly apartments in some up-and-coming and well-established places with excellent local infrastructure, transport links and characterful ‘vibe’. It’s an opportunity to enjoy life in one of these sought-after locations for people on a modest income, with the bonus of the security of owning part of a home and paying a subsidised rent on the remainder.

Here are some current examples around the capital. Where we quote a price under Shared Ownership, we also show the full market value (FMV) of that home.

 

The Place, New Southgate

The PlaceOrigin Housing has launched The Place, a collection of 37 homes in New Southgate, 16 of which are through Shared Ownership. There’s a mix of one-, two- and three-bedroom homes in a building designed by award-winning MH Architects. In addition to a modern layout and floor-to-ceiling glazing, each home has a private terrace, balcony or winter garden. This development is just moments from the railway station. Shared Ownership prices start from £121,875 for a 25% share of a two-bedroom apartment (FMV £487,500).

 

Barking Riverside

Barking RiversideThere’s just one Shared Ownership apartment unsold at the Parklands phase of this major development that is transforming a long-overlooked part of east London. ‘The Chaffinch’ on Plot 291 is on the second floor, has 598 sq ft of living space, comes with a fitted wardrobe in the bedroom and benefits from its own south-facing balcony. Residents also have secure access to communal gardens. It’s priced at £59,375 for a 25% share (FMV £237,500), from L&Q.

 

Nexus, Ponders End

NexusNexus is a development from Newlon Living where there are currently a range of two-bedroom apartments for sale. An exceptional one is Plot 169, a ground floor unit priced at £102,000 for a minimum 30% share (FMV £340,000). This has 691 sq ft of living space, with one double and one single bedroom, but also has the special benefits of a private garden wrapped around two sides, with access from the kitchen/living room and master bedroom. This property also comes with an allocated parking space.

 

Motion, Lea Bridge

MotionLocated between Leyton and Clapton, this Peabody development offers a range of two- and three-bedroom apartments with views across the Lea Valley and toward the City of London and Docklands. There are double bedrooms, large flexible open-plan living spaces and private outdoor space for each home, with typical floor space ranging from 800 sq ft to over 1,000 sq ft. They are set across three buildings, including a 17-storey tower, which have been designed inspired the area’s Art Deco heritage. Prices for a 30% of two- and three-bedroom properties start from £127,500 (FMV £425,000) and £162,000 (FMV £540,000) respectively.

 

The Staging Post, Hounslow

The Staging PostNotting Hill Genesis is bringing one-, two- and three-bedroom flats and maisonettes to this development, which is only a four-minute walk from Hounslow Central station, 45 minutes from central London and 11 minutes from Heathrow. The shops, amenities and leisure facilities of the town centre are only ten minutes away. The only property currently available in Furnival Court is on the second floor, a one-bedroom home of 564 sq ft, for which a 25% is £80,625 (FMV £322,500). In Harriot House, there are three three-bedroom apartments, starting at £140,000 for a 25% share (FMV £580,000).

 

New River Walk, Hornsey

Located close to the Hornsey rail station, there’s a range of one- and two-bedroom apartments for sale at this Network Homes development. A notable one available now is Plot 129 on the second floor. With living space of 901 sq ft, this has two double bedrooms, a bathroom and a double-aspect kitchen/dining/living room with private balcony. Priority will be given to people who live or work in the London Borough of Haringey. A limited amount of car parking will be available to purchase at an additional cost on a first-come, first-served basis. A 25% share is priced at £132,500 (FMV £530,000). There’s currently an offer of a £1,000 contribution towards legal fees. Find out more here.

 

Helix, Harlesden

Helix is a large development of Shared Ownership homes only a few minutes from Harlesden High Street and within walking distance of Harlesden rail station and Neasden Tube station. There are landscaped communal gardens here, and secure underground parking. One example of the homes available now is Plot 49, a two-bedroom duplex apartment of 936 sq ft of living space. Downstairs is an open-plan kitchen/dining/living room with a glazed door to a small private garden. There’s also a cloakroom .Upstairs are two double bedrooms, a bathroom and a handy, large storage cupboard. The price is £196,000 for a 40% share (FMV £490,000), from Hyde New Homes.

 

360° Barking

360° BarkingTransforming a long vacant site in Barking town centre, 360° Barking is a central scheme in the Barking Housing Zone regeneration area from NU living. It comprises 291 one- and two-bedroom apartments over four linked towers, and is ready to move into. It’s around the corner from Barking station, well served by rail and Tube. Road connections are good too with the M11, M25 and North Circular within easy reach, as are numerous shops, parks and leisure facilities. Through Shared Ownership, prices for the remaining homes start at £66,250 for a 25% share (FMV £265,000).

 

Waterway, Wandsworth

WaterwayDue to launch very soon is this collection of Shared Ownership homes overlooking the River Thames, as part of the Riverside Quarter development in this very popular area in south-west London. Of the 93 homes here, 22 are one-bedroom apartments with an average floor area of 720 sq ft and 71 two-bedroom apartments averaging 791 sq ft. Each has a large open-plan living area and a modern kitchen with integrated appliances, as well as fitted wardrobes to the master bedroom. The two-bedroom homes also have an en suite. There are wide balconies from which to enjoy views across the river or to The City. Prices are to be confirmed by developer Optivo.

 

NEON, Burnt Oak

NEONThe area's only Shared Ownership development, Catalyst’s NEON offers 46 one-, two- and three- bedroom apartments. Homes feature contemporary layouts with high-specification kitchens, large windows and floor-to-ceiling glass door​s that lead to spacious balconies. At the heart of the development, a south-west facing podium garden provides a communal green space, featuring a children’s play area, grass space, and views all the way to Wembley Stadium. For a 40% share of one-, two- and three-bedroom apartments, prices start at £134,000, £169,000 and £214,000 respectively (FMV £335,000, £422,500 and £535,000 respectively). 

 

Bow River Village

Southern Home Ownership’s Bow River Village is a selection of one-, two- and three-bedroom waterfront apartments with feature windows, top-name kitchen appliances and well-appointed bathrooms. It’s only a few minutes from the High Street and from Bronmley-by-Bow Tube station. One-bedroom homes start at £90,000 for a 25% share (FMV £360,000) and two-bedroom apartments start at £116,250 (FMV £465,000).

 

SO Resi The Rise, Alperton

SO Resi The RiseThis is a collection of contemporary one-, two- and three-bedroom apartments located close to the revitalised waterside in Alperton, a convenient short walk from the Piccadilly line station. Also within easy reach are shops, a variety of places to eat, work studios and major roads, the A40 and A406. For a one-bedroom apartment, prices start from £70,000 for a 25% share (FMV £280,000).

 

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A Guide To Part Buy Part Rent
Part Rent Part Buy is a scheme you can use with Home Reach where you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.

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