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)

Kestrel House, 2 bed homes

Lewisham, SE10 8FP

Shared ownership

Starting prices

55% share from
Full price
Minimum deposit


The Kestrel House property is a purpose-built third floor flat in a 10 storey block built around 2013 with a stunning city views. The lease remaining on the property is 121 years.

Local area information

The area has a good transport links, with Lewisham Station 0.5 miles away and linking to London Bridge in 12 mins. Greenwich train station is 0.5 miles away and that’s a direct train to Cannon Street taking only 17 min. The Thames Clipper boat from Greenwich Pier and connects you to piers around London for an alternative mode of transport.

A good selection of amenities is located just 0.3 miles away along Lewisham Road, and for a wider variety, Lewisham Shopping Centre is located 1 mile away. For leisure and enjoyment, Greenwich Park is 0.8 miles away, ideal for jogging around or just relaxing.

Nearest DLR Station: Elverson Road.

Nearest Station: Lewisham – National Rail.

Bus routes nearby: Bus routes 180, 199 & N89 from Sparta Street. Bus routes 53 & 386 from Lewisham Road.

Plot availability

Plot number 13
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 55%
Minimum share price £222,750
Full market price £405,000
Monthly rent £212
Monthly service charge £205

Entrance: Hallway with washer/dryer inside utility cupboard and video entryphone system leading to…….

Living Room: (4.7m x 3.8m) Spacious lounge open plan to kitchen and door to balcony. Laminate flooring.

Kitchen: (2.7m x 2.6m) White base and wall units with dark grey effect worktop and plinth. Integrated fridge freezer, oven, hob and extractor fan. Space for dishwasher. Laminate flooring.

Bedroom 1: (3.9m x 3.2m) Built in double wardrobe with mirror. Window facing courtyard. Fully carpeted.

Bedroom 2: (3.5m x 2.2m) Beige carpet.

Bathroom: (2.0m X 2.2m) White suite comprising of a panelled bath with shower over, WC and hand washbasin with mirror and light over. Full height tiling around the bath. Heated towel rail. Tiled flooring.

Outside: Private balcony.


Min share price from: £222,750 for a 55% share
Full price from: £405,000
Minimum deposit from: £22,275
Monthly rent from: £212
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £222,750 for a 55% 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

Starting prices

55% share from
Full price
Minimum deposit