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)

Elephant Park, 1-2 bed homes


Heygate Street, London, Southwark, SE17 1FJ

Shared ownership

Starting prices

25% share from
£131,250
Full price
£525,000
Minimum deposit
£13,125
Monthly rent
£263
Monthly service charge
£216

Overview

New phase just launched! 1 & 2 bedroom apartments from £131,250 for a 25% share

Elephant Park is a new residential development designed around a leafy landscape that boasts central London’s largest new park in 70 years. Over the next ten years, working with Southwark Council, the Elephant will become London’s most exciting new neighbourhood in a £1.5bn transformation, and by 2025, the area will welcome 3,000 new homes. The 9.7-hectare development will allow residents the convenience of a Zone 1 location, while bringing them closer to nature in a vibrant city neighbourhood.

The Zone 1 location makes it one of the best-connected places in the capital. In addition to two tube lines (Bakerloo and Northern) via the nearby Elephant & Castle Station, it also benefits from proximity to a mainline train station and 28 bus routes. It is a six minute tube journey to the City and 11 minutes to the West End*.

*Times taken from TFL

Selected homes have been reserved for applicants on lower incomes as instructed by the local authority. Rent on these homes are subsidised to meet affordability requirements.


Local area information

Located in a prime position in the heart of Central London, Elephant & Castle is an excellent transport hub, with one mainline train station, a Zone 1 tube station and links. 

Signposted cycle routes promise to improve connectivity, while a dedicated cycle clinic can be relied on for swift, convenient repairs. Best of all, Elephant Park sits within easy reach of London’s top cultural and gastronomic attractions, from the Royal Festival Hall on Southbank by the river to the bustling market stalls of Borough Market. 

Drop into Artworks Elephant located on Elephant Road, at the northern end of the Elephant Park site. Here you can find a variety of delicious street foods, art and craft studios, fashion and more. 

* Times taken from TFL www.tfl.gov.uk 


Plot availability

Plot number 1.04
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £131,250
Full market price £525,000
Monthly rent £263
Monthly service charge £216
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 2.07
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £151,750
Full market price £607,500
Monthly rent £342
Monthly service charge £250
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 2.05
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £151,750
Full market price £607,500
Monthly rent £342
Monthly service charge £250
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 2.03
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £151,750
Full market price £607,500
Monthly rent £342
Monthly service charge £250
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 3.05
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £152,500
Full market price £610,000
Monthly rent £343
Monthly service charge £250
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 3.03
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £152,500
Full market price £610,000
Monthly rent £343
Monthly service charge £250
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 1.07
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £153,125
Full market price £612,500
Monthly rent £345
Monthly service charge £250
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 1.01
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £153,125
Full market price £612,500
Monthly rent £345
Monthly service charge £250
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 2.06
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £159,375
Full market price £637,500
Monthly rent £777
Monthly service charge £268
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 2.02
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £159,375
Full market price £637,500
Monthly rent £777
Monthly service charge £268
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 1.02
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £161,250
Full market price £645,000
Monthly rent £786
Monthly service charge £268
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket
Plot number 1.06
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £161,875
Full market price £647,500
Monthly rent £789
Monthly service charge £268
Ownership Leasehold

Style & Living

  • White roller blinds fitted to all windows
  • Built-in wardrobe to all bedrooms
  • Balcony / and or Terrace to all apartments
  • Satin white internal doors throughout
  • Engineered wood flooring to kitchen/hallway/living/dining areas
  • Carpet to bedrooms
  • Washer/dryer located in utility cupboard
  • Secure cycle store
  • Communal Garden
  • 12 year NHBC warranty and 2 year L&Q warranty
  • Q warranty
  • CHP heating
  • Underfloor heating throughout
  • Spotlights to kitchen & bathroom and pendants to hallway, lounge and bedroom
  • Video entry system

Kitchen

  • Contemporary gloss kitchens with silestone worktop and tiled upstand to underside of wall units
  • Integrated appliances include; fridge freezer, oven with induction hob and integrated extractor hood, microwave, dishwasher and recycle bin
  • Undermounted stainless steel 1 ½ bowl sink with chrome mixer tap

Bathroom

  • Stone vanity unit top with semi-recessed white basin and W/C
  • Contemporary white bath
  • Thermostatic shower over bath with shower screen
  • Chrome electric towel rail
  • Ceramic wall tiles over shower/bath areas and ceramic floor tiles
  • Mirrored wall cabinet with downlight and shaver socket

FAQ's

Min share price from: £131,250 for a 25% share
Full price from: £525,000
Minimum deposit from: £13,125
Monthly rent from: £263
Bedrooms: 1
Bathrooms: 1

There are 12 available ranging from £131,250 for a 25% share to £161,875 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

L&Q London
Shared ownership

Starting prices

25% share from
£131,250
Full price
£525,000
Minimum deposit
£13,125
Monthly rent
£263
Monthly service charge
£216