Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

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4 Bourbon Road, 2 bed homes


4 Bourbon Road, London, Lambeth, SW9 6FS

Shared ownership

Starting prices

45% share from
£229,500
Full price
£510,000
Minimum deposit
£22,950
Monthly rent
£562
Monthly service charge
£175

Overview

Ground Floor, 2 bedroom home in the London borough of Lambeth for £229,500 (45% share price of £510,000), available through Shared Ownership.

Monthly Fees
*Monthly Mortgage: £1,160.79
Monthly Rent: £561.51
Notting Hill Administration Fee: £13.50
**Service Charge: £175
Council Tax: £115.50

Estimated Total (per month): £1910.90 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
** Estimated service charge payable to external management company.


Local area information

Underground
Oval (1.29 km)
Stockwell (1.45 km)
Brixton (1.45 km)

National Rail (overground)
Loughborough Junction (1.29 km)
Denmark Hill (2.09 km)


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

45% share from
£229,500
Full price
£510,000
Minimum deposit
£22,950
Monthly rent
£562
Monthly service charge
£175