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)

L&Q at New Stratford Works, 2-3 bed homes


Penny Brookes Street, Stratford, Newham, E15 1DR

Shared ownership

Starting prices

25% share from
£127,500
Full price
£510,000
Minimum deposit
£12,750
Monthly rent
£797
Monthly service charge
£177

Overview

2 & 3 bedroom apartments available at New Stratford Works, from £127,500 don't miss out!

L&Q at New Stratford Works
Benefit from a premium specification throughout your new home, from the light-filled living rooms to the private balconies and terraces. Our 3 bedroom apartments include a spacious third bedroom, which is an ideal office space when working from home. At the heart of this stunning and imaginative development is a new park, carefully landscaped with a wide diversity of trees and foliage. As well as this you can enjoy the renowned Queen Elizabeth Olympic Park with its iconic venues, seasonal parklands, playgrounds, cycle trails and waterways. You are on the doorstep to Stratford's endless amenities and transport links. These homes are the perfect destination to call home.

Viewings
For those who would like to and are able to visit us, the Show Home is now open on an appointment-only basis, with extra measures in place to ensure your wellbeing. Please call us to book your appointment. If you would prefer to speak to our Sales Team from your own home, they are still on hand and can conduct appointments via phone, email and by virtual tour. *We are taking extra precautions to ensure the health and wellbeing of our customers, staff and members of the public.


Local area information

Stratford Connections
The multi-level Stratford Station offers underground services on the Central and Jubilee Lines, Overground Great Eastern trains into Liverpool Street or out to East Anglia, and DLR connections across the whole of docklands. The station will also be part of the High-speed Crossrail network, opening up superfast travel to Bond Street, Paddington, the Thames valley and Heathrow Airport.


Plot availability

Plot number 22
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £127,500
Full market price £510,000
Monthly rent £797
Monthly service charge £177
Ownership Leasehold
Plot number 20
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £127,500
Full market price £510,000
Monthly rent £797
Monthly service charge £177
Ownership Leasehold
Plot number 28
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £128,750
Full market price £515,000
Monthly rent £805
Monthly service charge £177
Ownership Leasehold
Plot number 21
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £150,000
Full market price £600,000
Monthly rent £844
Monthly service charge £202
Ownership Leasehold
Plot number 30
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £153,125
Full market price £612,500
Monthly rent £861
Monthly service charge £195
Ownership Leasehold

Kitchen/Dining/Living Room
• Symphony Dusk Grey gloss units with Symphony Silestone worktops and matching upstands
• Steel splash back
• Recessed LED ceiling downlights with feature LED under unit lighting
• Electrolux double single oven
• AEG induction hob
• AEG extractor hood
• Electrolux integrated fridge/freezer
• Zanussi integrated washer/dryer
• Stainless Steel single bowl sink with chrome mono sink mixer tap
• Rustic Natural Oak engineered hardwood flooring to hallway, storage areas, kitchen, diner and living areas

Bathroom/En suite
• Contemporary white bathroom suite with Kaldewei Saniform Eco Bath
• Chrome mono basin mixer and semi-recessed basin
• Shower screen over bath
• Chrome finish thermostatic shower mixer taps to bathroom
• Chrome finish shower cubicle and white shower tray
• Ceramic tiles to floor
• Ceramic tiles to walls above bath
• Chrome towel radiator
• LED downlights
• Large mirrored cabinet with downlights and shaver socket

Bedroom
• Wool carpet flooring to bedrooms
• Built in wardrobes to master bedrooms

General
• Wall and ceilings painted in white emulsion
• Woodwork painted in white satinwood
• Flush painted internal doors with chrome ironmongery
• Hardwood exterior door
• LED pendant lights to halls and bedrooms
• Video phone entry to all apartments

Plot number 36
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £153,750
Full market price £615,000
Monthly rent £865
Monthly service charge £195
Ownership Leasehold

Kitchen/Dining/Living Room
• Symphony Dusk Grey gloss units with Symphony Silestone worktops and matching upstands
• Steel splash back
• Recessed LED ceiling downlights with feature LED under unit lighting
• Electrolux double single oven
• AEG induction hob
• AEG extractor hood
• Electrolux integrated fridge/freezer
• Zanussi integrated washer/dryer
• Stainless Steel single bowl sink with chrome mono sink mixer tap
• Rustic Natural Oak engineered hardwood flooring to hallway, storage areas, kitchen, diner and living areas

Bathroom/En suite
• Contemporary white bathroom suite with Kaldewei Saniform Eco Bath
• Chrome mono basin mixer and semi-recessed basin
• Shower screen over bath
• Chrome finish thermostatic shower mixer taps to bathroom
• Chrome finish shower cubicle and white shower tray
• Ceramic tiles to floor
• Ceramic tiles to walls above bath
• Chrome towel radiator
• LED downlights
• Large mirrored cabinet with downlights and shaver socket

Bedroom
• Wool carpet flooring to bedrooms
• Built in wardrobes to master bedrooms

General
• Wall and ceilings painted in white emulsion
• Woodwork painted in white satinwood
• Flush painted internal doors with chrome ironmongery
• Hardwood exterior door
• LED pendant lights to halls and bedrooms
• Video phone entry to all apartments


FAQ's

Min share price from: £127,500 for a 25% share
Full price from: £510,000
Minimum deposit from: £12,750
Monthly rent from: £797
Bedrooms: 2
Bathrooms: 1

There are 6 available ranging from £127,500 for a 25% share to £153,750 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.

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

L&Q London
Shared ownership

Starting prices

25% share from
£127,500
Full price
£510,000
Minimum deposit
£12,750
Monthly rent
£797
Monthly service charge
£177