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)

Copperstone Mills, 1-2 bed homes


18-20 Waterfall Cottages, London, Merton, SW19 1DD

Shared ownership

Starting prices

25% share from
£95,000
Full price
£380,000
Minimum deposit
£9,500
Monthly rent
£653
Monthly service charge
£120

Overview

ALL 1 BEDS SOLD!

Optivo is delighted to deliver a stunning new development of modern one & two bedroom homes in Colliers Wood.

Colliers Wood is an up-and-coming area with new places to live, work, shop and relax – and, with excellent access to the Northern Lane, the national rail network and good bus routes, it’s not surprising that it’s becoming the location of choice for young singles, couples and families.

Surrounded by green landscaped grounds, the development also provides electric car charging points, cycle storage and balcony or a terrace to all apartments

2-bed apartments from £125,625 for a 25% share (based on a full market value of £502,500)


Local area information

Centrally located in Colliers Wood with excellent transport links for a first time buyer to call home. 


Plot availability

Plot number 15
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £126,250
Full market price £505,000
Monthly rent £180
Monthly service charge £868
Plot number 21
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £126,750
Full market price £507,000
Monthly rent £872
Monthly service charge £169

Optivo is delighted to deliver a stunning new development of modern one & two bedroom homes in Colliers Wood.

Colliers Wood is an up-and-coming area with new places to live, work, shop and relax – and, with excellent access to the Northern Lane, the national rail network and good bus routes, it’s not surprising that it’s becoming the location of choice for young singles, couples and families.

Surrounded by green landscaped grounds, the development also provides electric car charging points, cycle storage and balcony or a terrace to all apartments

1-bed apartments from £95,000 for a 25% share (based on a full market value of £380,000)

2-bed apartments from £125,625 for a 25% share (based on a full market value of £502,500)

Plot number 7
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £127,500
Full market price £510,000
Monthly rent £876
Monthly service charge £170
Plot number 26
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £127,500
Full market price £510,000
Monthly rent £876
Monthly service charge £170
Plot number 13
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £128,125
Full market price £512,500
Monthly rent £880
Monthly service charge £168

FAQ's

Min share price from: £126,250 for a 25% share
Full price from: £505,000
Minimum deposit from: £9,500
Monthly rent from: £180
Bedrooms: 2
Bathrooms: 1

There are 5 available ranging from £126,250 for a 25% share to £128,125 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.

No, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Optivo
Shared ownership

Starting prices

25% share from
£95,000
Full price
£380,000
Minimum deposit
£9,500
Monthly rent
£653
Monthly service charge
£120