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%.

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Emerald Gardens, 2-3 bed homes


Westferry Road, London, Tower Hamlets, E14 3AN

Shared ownership

Starting prices

25% share from
£120,000
Full price
£480,000
Minimum deposit
£6,000
Monthly rent
£825
Monthly service charge
£167

Overview

Emerald Gardens is a brand new development in the Isle of Dogs. Just moments from the Thames Riverside, this is the perfect place to call home. Forming part of the new Island Point community, these new homes have transformed the local area and boasts a large public open space including seating & play areas.

 These new homes are exceptionally finished and include integrated Zanussi appliances, ample storage throughout and large balconies/terraces to all properties.

 We currently have a mixture of two bedroom maisonettes as well as two & three bedroom apartments that are ready to move into. Shares start at 25% - please get in touch for further information & pricing.


Local area information

Set within a major development, this is a unique opportunity to own a home just a couple of minutes from the Thames riverside path, Canary Wharf is in walking distance and the city’s financial district is less than 20 mins away on the DLR. The historic buildings and parkland of Greenwich are just across the river and some of the best views of its magnificent grandeur are from the charming Island Gardens riverside park, a short stroll from your front door.
With its handy local facilities and excellent transport connections, this is the perfect place to put down roots. A tranquil haven, tucked away from the crowds, yet with the very best of 21st century London living on your doorstep.


Plot availability

Plot number 3Taransay
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £155,000
Full market price £620,000
Monthly rent £1,066
Monthly service charge £233
Ownership Leasehold

FAQ's

Min share price from: £155,000 for a 25% share
Full price from: £620,000
Minimum deposit from: £6,000
Monthly rent from: £1,066
Bedrooms: 3
Bathrooms: 2

There is only one available priced at £155,000 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

Poplar HARCA
Shared ownership

Starting prices

25% share from
£120,000
Full price
£480,000
Minimum deposit
£6,000
Monthly rent
£825
Monthly service charge
£167