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)

Eden House, 1-2 bed homes


Lampton Road, London, Hounslow, TW3 1JL

Shared ownership

Starting prices

25% share from
£83,750
Full price
£335,000
Minimum deposit
£5,000
Monthly rent
£576
Monthly service charge
£150

Overview

Available now!

Eden House is an exciting new development offering a variety of one and two bedroom Shared Ownership homes for individuals, couples and young families. Residing in this cosmopolitan Zone 4 borough, you are perfectly situated for accessing Central London, neighbouring Richmond and Twickenham or simply sampling the delights that Hounslow has to offer.

Eligibility

Open to applicants living and/or working in the Borough of Hounslow
Be in a permanent full time employment
Must hold UK/EU resident status or with indefinite leave to remain
You cannot afford to buy a home suitable for your needs on the open market.
You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.
Your annual household income must be less than £90,000.


Local area information

Hounslow with its excellent rail connections lies just 30 minutes west of Central London. Eden House is ideally located for individuals looking to commute into the West End, where you reach Piccadilly Circus in just 37 minutes and are only two-minute walk from Hounslow Central (Zone 4).

Walk for less than 15 minutes and you’ll reach Hounslow Rail Station which is served by South West Trains. Here you can travel directly in to London Waterloo in 40 minutes, or travel westwards to Reading, Weybridge, Woking and Windsor.

For drivers, Hounslow is situated by the A40 Great South-West Road leading west to Chiswick and Hammersmith and close to motorways, M4, M25 and M3. The borough also hosts car sharing and rental companies, allowing drivers without their own car more freedom to explore.

 

 


Plot availability

Plot number 11
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £83,750
Full market price £335,000
Monthly rent £576
Monthly service charge £150
Ownership Leasehold
Plot number 4
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £147,000
Full market price £420,000
Monthly rent £626
Monthly service charge £175
Ownership Leasehold
Plot number 9
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £148,750
Full market price £425,000
Monthly rent £633
Monthly service charge £195
Ownership Leasehold
Plot number 10
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £148,750
Full market price £425,000
Monthly rent £633
Monthly service charge £195
Ownership Leasehold
Plot number 16
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £148,750
Full market price £425,000
Monthly rent £633
Monthly service charge £195
Ownership Leasehold
Plot number 17
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £148,750
Full market price £425,000
Monthly rent £633
Monthly service charge £195
Ownership Leasehold
Plot number 18
Tenure Shared ownership
Availability Available
Bathrooms 3
Minimum share 25%
Minimum share price £150,000
Full market price £430,000
Monthly rent £641
Monthly service charge £195
Ownership Leasehold
Plot number 14
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £155,750
Full market price £445,000
Monthly rent £663
Monthly service charge £205
Ownership Leasehold
Plot number 15
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £155,750
Full market price £445,000
Monthly rent £663
Monthly service charge £205
Ownership Leasehold

FAQ's

Min share price from: £83,750 for a 25% share
Full price from: £335,000
Minimum deposit from: £5,000
Monthly rent from: £576
Bedrooms: 1
Bathrooms: 1

There are 9 available ranging from £83,750 for a 25% share to £155,750 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

Octavia
Shared ownership

Starting prices

25% share from
£83,750
Full price
£335,000
Minimum deposit
£5,000
Monthly rent
£576
Monthly service charge
£150