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)

Merlin Court V4M7, 2 bed homes


Merlin Court, 28 Handley Drive, London, Greenwich, SE3 9BW

Shared ownership

Starting prices

25% share from
£136,250
Full price
£545,000
Minimum deposit
£6,813
Monthly rent
£759
Monthly service charge
£352

Overview

  • Entrance hallway with storage cupboard and utility room
  • Open plan lounge / dining area
  • Balcony (accessed via lounge)
  • Kitchen
  • Two bedrooms
  • Family bathroom
  • Gas central heating

 

  • Lease date: 125 years from 1 September 2016
  • EPC rating – B (86)
  • Council tax band – D
  • Pets will not be permitted in apartments

Local area information

Moat is pleased to bring to the market this two-bedroom, apartment located on the modern Kidbrooke Village (Blackheath Quarter) development built around 2016 by Berkeley Homes.

The village itself has local amenities including a village store, Sainsbury’s Local, David Lloyd’s Club, café and delicatessen, pharmacy, information centre and community centre.

There is a selection of schools in the area including Wingfield Primary School and Holy Family Catholic Primary School.

Kidbrooke train station is half a mile away on foot with services into central London and beyond.

Kidbrooke has very good connections to the A2 and M25 motorway.

Merlin Court sits adjacent to Cator Park. In addition, the 35-acre Sutcliffe Park to the south of the village comprises areas of open grassland, tree-lined walks and a wetland nature reserve.

Trendy Blackheath and historic Greenwich are both nearby. Blackheath boasts a variety of independent shops, boutique bars, restaurants, cafés and pubs. 

The 183-acre Royal Greenwich Park hosts the Royal Observatory with hilltop views over London and the Thames, includes a children’s play area, wilderness deer park, tennis centre and the Pavilion Café is less than three miles away.  Greenwich itself also has a wealth of shopping and entertainment, ranging from the quirky Greenwich market to lovely riverside pubs, restaurants and a comedy club.


Plot availability

Plot number 47
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £136,250
Full market price £545,000
Monthly rent £738
Monthly service charge £349
  • Entrance hallway
  • Open plan lounge / dining area
  • Kitchen
  • Two bedrooms
  • Bathroom
  • Gas central heating
  • Balcony (accessed via lounge)

 

  • Lease date: 125 years from 1 September 2016
  • EPC rating – B (86)
  • Council tax band – D

Pets will not be permitted in apartments


FAQ's

Min share price from: £136,250 for a 25% share
Full price from: £545,000
Minimum deposit from: £6,813
Monthly rent from: £738
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £136,250 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

Moat
Shared ownership

Starting prices

25% share from
£136,250
Full price
£545,000
Minimum deposit
£6,813
Monthly rent
£759
Monthly service charge
£352