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%.

Read more about Shared ownership (Opens in new window)

Bellville House, 2 bed homes


Norman Road, Greenwich, Greenwich, SE10 9FX

Shared ownership

Starting prices

25% share from
£125,000
Full price
£500,000
Minimum deposit
£25,000
Monthly rent
£743
Monthly service charge
£336

Overview

Moat is pleased to present this modern two bedroom apartment located in the Royal Borough of Greenwich.

• Entrance hall with storage
• Living/dining room, with neural décor, open plan to kitchen. Access to balcony
• Modern fitted kitchen with a mix of base and wall units. Integrated Zanussi hob, oven, dishwasher, fridge and freezer
• Double bedroom with en-suite shower room
• Second bedroom can accommodate double bed
• Modern fitted bathroom with white suite. Thermostatic overhead shower to bath with shower screen
• Fitted neutral coloured carpets to non- wet areas
• Video Entry phone
• Pre Wired Sky plus
• Hyperoptic broadband installed for super-fast broadband without a land line
• Gas Central Heating
• Double Glazing
• Communal lift to all floors
• Communal terraces
• 24/7 concierge service
• Allocated parking space in secure gated car park
• Lease date: 125 years from 1 June 2014
• EPC rating: B (83)


Local area information

Greenwich has a collection of independent shops, restaurants, pubs and bustling local markets which offers everything from fashion to jewellery. Greenwich Market is overflowing with stalls and shops run by artists, designers and food producers.  Greenwich Main line and DLR station is 0.2 miles from the apartment with links to Central London, and DLR links to Stratford. There is convenient access to A206 which links to the A2. The O2 arena is 2.6 miles away, accessible by both car and public transport.


Plot availability

Plot number 28
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £125,000
Full market price £500,000
Monthly rent £919
Monthly service charge £293
  • Entrance hall
  • Large open plan lounge/dining area with access to private balcony via double glazed doors
  • Modern fully fitted kitchen with wall mounted and base units, integrated appliances and tiled floor, breakfast bar installed by current owners
  • Master bedroom, floor to ceiling window units, with en-suite shower room 
  • Second bedroom, floor to ceiling window units
  • Fully fitted bathroom with benefit of thermostatic controlled overhead shower and screen
  • Video Entry phone
  • Lifts to all floors
  • Gas Central Heating
  • Additional tall wall radiatiors fitted by current owners
  • Pre Wired Sky plus
  • Carpets to non- wet area
  • Lease details: 125 years from 1 June 2004
  • EPC Rating: B (84)

FAQ's

Min share price from: £125,000 for a 25% share
Full price from: £500,000
Minimum deposit from: £25,000
Monthly rent from: £919
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £125,000 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Moat
Shared ownership

Starting prices

25% share from
£125,000
Full price
£500,000
Minimum deposit
£25,000
Monthly rent
£743
Monthly service charge
£336