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%.

Goddard House


Lambeth, Lambeth, SE11 4BG

Shared ownership
1 bedroom homes
60% share from
£234,000
Full price
£390,000
Minimum deposit
£23,400

Overview

Goddard House – the property is a purpose built ground floor, one bedroom apartment in a five storey block built in 2010. The lease remaining on the property is 118 years.


Local area information

There are good transport links with Elephant & Castle Station 0.4 miles away, served by National Rail, Bakerloo and Northern London Underground lines linking to London Bridge and Oxford Circus in under 10 minutes.

Elephant and Castle Shopping Centre is only a 7 minutes walk away from Goddard House with places to shop, eat and drink. The area also offers various museums and galleries such as the Imperial War Museum.

Nearest Station: Elephant & Castle Station (Zone 1) – National Rail, Bakerloo and Northern Lines.
Bus routes nearby: Bus routes 133, 155, 333, 415, N133 & N155 from Newington Butts.


Plot availability

Plot number 7
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 60%
Minimum share price £234,000
Full market price £390,000
Monthly rent £183
Monthly service charge £134

Entrance: Hallway with two storage cupboards and video entry phone system leading to...

Living Room: (4.85m x 3.85m) lounge open plan kitchen. Laminate flooring.

Kitchen: (2.50m x 2.50m) Beech wood base and wall units with light grey worktop and tiled splashback. Integrated fridge freezer, oven, hob and extractor fan. Laminate flooring.

Bedroom: (4.00m x 2.50m) Beige carpet.

Bathroom: White suite comprising panelled bath with shower over, WC and hand washbasin. Full height tiling around the bath. Heated towel rail. Lino flooring.


FAQ's

Min share price from: £234,000 for a 60% share
Full price from: £390,000
Minimum deposit from: £23,400
Monthly rent from: £183
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £234,000 for a 60% 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

Family Mosaic
Shared ownership
1 bedroom homes
60% share from
£234,000
Full price
£390,000
Minimum deposit
£23,400