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)

Kingsbury Gardens, 2 bed homes


Austen Way, St Albans, St Albans City and, AL4 0XB

Shared ownership

Starting prices

40% share from
£152,000
Full price
£380,000
Minimum deposit
£7,600
Monthly rent
£523
Monthly service charge
£73

Overview

We are delighted to of offer a selection of 2-bedroom apartments on the Kingsbury Garden development in the popular location of St Albans. Ideally located with access to St Albans town centre with its wide range of shops, parks and amenities as well as being a 7-minute drive from St Albans City train station. 

The apartments themselves includes allocated parking and comprises entrance hall, lounge/dining room with a ‘London-style’ open plan fitted kitchen, two bedrooms and a bathroom.

Some of the specification included as standard with these homes are: Integrated oven, hob and extractor hood, ‘Regency’ carpet in living area and bedrooms, premium vinyl in kitchen, bathroom and WC and Ideal Logic Code Combi boiler.

Prices on this development start from 40% equity share

You will need a minimum 5% deposit (of the share value) for mortgage purposes plus monies to pay for solicitor fees, moving costs & furnishings. 

Disclaimer: These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images. 


Local area information

The homes in Kingsbury Gardens are ideal for those looking for access to central London as well as open countryside to explore. They are located between the A1, M1 and M25, with local rail links allowing access to central London in approximately 40 minutes.


Plot availability

Plot number 72
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £152,000
Full market price £380,000
Monthly rent £523
Monthly service charge £73
Ownership Leasehold
  • Allocated parking

  • Open plan fitted kitchen

  • Integrated oven, hob and extractor hood

  • ‘Regency’ carpet in living area and bedrooms

  • Turfed private garden

Plot number 75
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £152,000
Full market price £380,000
Monthly rent £523
Monthly service charge £73
Ownership Leasehold
  • Allocated parking

  • Open plan fitted kitchen

  • Integrated oven, hob and extractor hood

  • ‘Regency’ carpet in living area and bedrooms

  • Turfed private garden

Plot number 71
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £152,000
Full market price £380,000
Monthly rent £523
Monthly service charge £73
Ownership Leasehold
  • Allocated parking

  • Open plan fitted kitchen

  • Integrated oven, hob and extractor hood

  • ‘Regency’ carpet in living area and bedrooms

  • Turfed private garden

Plot number 73
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £152,000
Full market price £380,000
Monthly rent £523
Monthly service charge £73
Ownership Leasehold
  • Allocated parking

  • Open plan fitted kitchen

  • Integrated oven, hob and extractor hood

  • ‘Regency’ carpet in living area and bedrooms

  • Turfed private garden


FAQ's

Min share price from: £152,000 for a 40% share
Full price from: £380,000
Minimum deposit from: £7,600
Monthly rent from: £523
Bedrooms: 2
Bathrooms: 1

There are 4 available ranging from £152,000 for a 40% share to £152,000 for a 40% 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.

No, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Sage Housing
Shared ownership

Starting prices

40% share from
£152,000
Full price
£380,000
Minimum deposit
£7,600
Monthly rent
£523
Monthly service charge
£73