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)

East Carriage House, 1 bed homes


Royal Carriage Mews, London, Greenwich, SE18 6GJ

Shared ownership

Starting prices

55% share from
£176,000
Full price
£320,000
Minimum deposit
£8,800
Monthly rent
£353
Monthly service charge
£157

Overview

The property is a fourth floor one bedroom apartment with a good specification of finish and the added benefit of a full width balcony overlooking the Royal Arsenal. The property comprises of entrance hall, a large open plan reception room and modern kitchen, double bedroom and bathroom.


Local area information

  • 0.5 Miles to Woolwich Arsenal Station soon to be Cross-Rail
  • Thames Clipper pier
  • 0.1 Miles to Wellington Park
  • Conveniently located for Riverwalk
  • Local amenities

Plot availability

Plot number A
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 55%
Minimum share price £176,000
Full market price £320,000
Monthly rent £353
Monthly service charge £157

Estimated

Entrance

Reception / Kitchen 7.15m x 3.15m

Bedroom 3.50m x 2.74m

Balcony

Access to balcony via reception room & bedroom

Bathroom

Storage

Floor Area approx. 43.6 sq m


FAQ's

Min share price from: £176,000 for a 55% share
Full price from: £320,000
Minimum deposit from: £8,800
Monthly rent from: £353
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £176,000 for a 55% 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

Southern Homes
Shared ownership

Starting prices

55% share from
£176,000
Full price
£320,000
Minimum deposit
£8,800
Monthly rent
£353
Monthly service charge
£157