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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Woodfield Quarter, 1-2 bed homes


Woodfield Road, London, Westminster City, W9 2EF

Shared ownership

Starting prices

25% share from
£163,750
Full price
£655,000
Minimum deposit
£15,000
Monthly rent
£615
Monthly service charge
£195

Overview

AVAILABLE NOW!!

1 Bed prices from £163,750 (based on a 25% share of the full market value of £655,000)

2 Bed prices start from £197,500 (based on 25% share of the full market value of £790,000)

A contemporary collection of shared ownership homes in Maida Vale in the City of Westminster.

Woodfield Quarter is an exciting new development offering a variety of one and two bedroom Shared Ownership homes. The development is perfectly situated for accessing Central London.  Within close proximity to Woodfield Quarter is Harrow Road which provides a variety of shops, bars and restaurants within easy walking distance.

Eligibility

The scheme is open initially only to persons who are resident or employed in the Council’s Area (City of Westminster).

Applicants must be registered with Westminster Home Ownership team. To be eligible to register with Homeownership Westminster, you must:

  • have lived or worked in Westminster for at least the last year
  • be a first time buyer or you will have sold any property you owned in the UK or abroad prior to completing on a property in Westminster

Additionally, you must not exceed the maximum household income threshold of £90,000 or as prescribed by the Borough.

To find out more about the selection process and to register, please use the link below:

http://www.homeownershipwestminster.co.uk/register


Local area information

Public transport links are excellent. Westbourne Park Underground Station (Circle and Hammersmith & City Lines) is located less than half a mile from Woodfield Quarter. Bus services are available on Harrow Road providing easy access into the west of London.


Housing Provider

Octavia
Shared ownership

Starting prices

25% share from
£163,750
Full price
£655,000
Minimum deposit
£15,000
Monthly rent
£615
Monthly service charge
£195