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)

Dockside at Millharbour, 1-2 bed homes


41 Mastmaker Road, Tower Hamlets, Tower Hamlets, E14 0UQ

Shared ownership

Starting prices

25% share from
£121,250
Full price
£485,000
Minimum deposit
£12,125
Monthly rent
£834
Monthly service charge
£154

Overview

As we re-open our sales offices, our expert teams are online and on-call to answer any questions and guide you through a virtual viewing of your chosen development. Once your virtual viewing is complete you will then be able to book your private appointment to view in person.

Dockside at Millharbour, comprises of an impressive collection of one and two-bedroom apartments. Each apartment has been carefully designed to offer residents a high-specification, an open-plan layout throughout and all apartments enjoy a private balcony delivering stunning views across the city of London.

Specification:

Kitchen

Two tone kitchen design – dark grey matt finish to base units & white matt finish to wall units, with soft close and concealed handles throughout
Integrated stainless steel finished Smeg single oven
Intergrated stainless steel finished Smeg microwave oven
Integrated stainless steel Smeg 4 ring ceramic hob with canopy cooker hood
Integrated Smeg washer drier
Integrated Smeg dishwasher
Integrated full height Smeg fridge/freezer
Amtico Walnut laminate flooring throughout

Bathrooms/En suite

Ceramiche Caesar Mud & Rope porcelain floor and full height wall tiling
White Sanipex bathroom suite
Coloured glass bath panel
Chrome plated thermostatic electric heated towel rail
Shaver socket

Outdoor facilities

Landscaped courtyard with water feature
Cycle storage

What is Shared Ownership?
Shared Ownership is a government backed scheme allowing you to buy a share in a property from 25% to 75% of the full market value and pay a subsidised rent on the remainder. Because you only have to put down a deposit on the share you buy, you won't need to save as much for a deposit as you would if you were buying outright. ***Affordability and eligibility criteria applies.

**Images and CGIs are for illustrative purposes only.


Local area information

Residents of Millharbour can walk to the South Quay DLR in three minutes, from which Bank station is just a 15 minute journey. Canary Wharf tube station is a ten minute walk, from which the West End can be reached in under 15 minutes on the Jubilee Line. The river bus can be easily accessed from the Canary Wharf stop, allowing residents to make the most of riverside living in their commute. 


Plot availability

Plot number Flat 1701
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £121,250
Full market price £485,000
Monthly rent £834
Monthly service charge £154
Ownership Leasehold

Key Features 

  • 17th floor apartment with lift access
  • Integrated Smeg appliances throughout
  • Large balcony
  • Landscaped courtyard with water feature
  • Cycle storage
  • 10 minutes' walk to Canary Wharf

Specification

Kitchen

  • Two tone kitchen design – dark grey matt finish to base units & white matt finish to wall units, with soft close and concealed handles throughout
  • Integrated stainless steel finished Smeg single oven
  • Intergrated stainless steel finished Smeg microwave oven
  • Integrated stainless steel Smeg 4 ring ceramic hob with canopy cooker hood
  • Integrated Smeg washer drier
  • Integrated Smeg dishwasher
  • Integrated full height Smeg fridge/freezer
  • Amtico Walnut laminate flooring throughout

Bathrooms/En suite

  • Ceramiche Caesar Mud & Rope porcelain floor and full height wall tiling
  • White Sanipex bathroom suite
  • Coloured glass bath panel
  • Chrome plated thermostatic electric heated towel rail
  • Shaver socket

Outdoor facilities

  • Landscaped courtyard with water feature
  • Cycle storage
Plot number Flat 1707
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £166,250
Full market price £665,000
Monthly rent £1,039
Monthly service charge £212
Ownership Leasehold

Key Features 

  • 17th floor with lift access
  • Large balcony
  • Smeg appliances throughout
  • Landscaped courtyard with water feature
  • Cycle storage
  • 10 minutes' walk to Canary Wharf

Specification

Kitchen

  • Two tone kitchen design – dark grey matt finish to base units & white matt finish to wall units, with soft close and concealed handles throughout
  • Integrated stainless steel finished Smeg single oven
  • Intergrated stainless steel finished Smeg microwave oven
  • Integrated stainless steel Smeg 4 ring ceramic hob with canopy cooker hood
  • Integrated Smeg washer drier
  • Integrated Smeg dishwasher
  • Integrated full height Smeg fridge/freezer
  • Amtico Walnut laminate flooring throughout

Bathrooms/En suite

  • Ceramiche Caesar Mud & Rope porcelain floor and full height wall tiling
  • White Sanipex bathroom suite
  • Coloured glass bath panel
  • Chrome plated thermostatic electric heated towel rail
  • Shaver socket

Outdoor facilities

  • Landscaped courtyard with water feature
  • Cycle storage

FAQ's

Min share price from: £121,250 for a 25% share
Full price from: £485,000
Minimum deposit from: £12,125
Monthly rent from: £834
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £121,250 for a 25% share to £166,250 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

Notting Hill Genesis
Shared ownership

Starting prices

25% share from
£121,250
Full price
£485,000
Minimum deposit
£12,125
Monthly rent
£834
Monthly service charge
£154