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)

Fortescue Gardens - Wheelchair Adaptable, 2-3 bed homes


Fortescue Road, London, Merton, SW19 2EA

Shared ownership

Starting prices

25% share from
£145,000
Full price
£580,000
Minimum deposit
£7,250
Monthly rent
£997
Monthly service charge
£112

Overview

Reserve for just £125* – offer extended until 31st December 2020

Reserve your dream home with Shared Ownership for less – simply contact Clarion Housing today and find out how easy it is.

*Fee reduced from £500. Offer available until 31st December 2020 and applies to all Shared Ownership purchases with Clarion Housing. If the property does not exchange within 45 days of the reservation fee being taken then the full £500 reservation fee will be required. Full T&Cs available on request.

 

LAST HOME AVAILABLE

About Fortescue Gardens

A collection of two and three bedroom wheelchair adaptable apartments available through Shared Ownership in Colliers Wood, London - coming soon.

Adjacent to the Myrna Close Nature Reserve, the development is designed to be at one with its surroundings. With great local amenities and excellent transport links, Fortescue Gardens offers the best of urban London living.

Each home has been thoughtfully designed and boasts modern white gloss kitchens with integrated appliances, wood effect vinyl flooring and contemporary bathrooms with white and grey tiling.

Key features: 

  • Excellent transport links via the Northern Line reaching London Bridge in 22-minutes and Leicester Square in just 26-minutes*.
  • The development sits at the centre of a number of parks and green open spaces including Wandle Park, Morden Hall Park and Wimbledon Common.
  • Colliers Wood offers a range of shops, cafes, pubs, creative spaces as well as top quality schools.
  • All homes have a balcony or private terrace.
  • Wheelchair adaptable homes are available.

*Journey times are calculated from Colliers Wood Underground station, based on Transport for London data at the time of writing.

To register your interest or for any other enquiries please contact the Customer Service Team – Sales

Please note:

All images displayed throughout are examples of previous Clarion developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.

These prices are to be used as a guideline only as they may change.

Wheelchair Adaptable Throughout.

Can be ‘easily’ adapted to meet the design standards from the Wheelchair Housing Design Guide which superseded the Housing Corporation wheelchair design standards. These properties have been designed to meet latest wheelchair accessible housing design standards and building regulations, offering extra space and full access to all rooms and facilities. This standard provides more space than previous wheelchair housing design guidance and also ensures that all rooms are accessible. Parking suitable specifically for mobility impaired residents is located outside.


Local area information

Speedy access to the Cycle Superhighway with the CS7 linking Colliers Wood with Southwark Bridge or it’s a short walk to Colliers Wood tube station on the Northern Line. Fortescue Gardens is also situated close to the Tandem Centre and the Priory Retail Park, providing an abundant selection of local amenities as well as schools.


Plot availability

Plot number 5
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £145,000
Full market price £580,000
Monthly rent £997
Monthly service charge £112
Ownership Leasehold

FAQ's

Min share price from: £145,000 for a 25% share
Full price from: £580,000
Minimum deposit from: £7,250
Monthly rent from: £997
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £145,000 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

Clarion
Shared ownership

Starting prices

25% share from
£145,000
Full price
£580,000
Minimum deposit
£7,250
Monthly rent
£997
Monthly service charge
£112