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)

New Garden Quarter, 1-3 bed homes


Leyton Road, London, Newham, E15 1GF

Shared ownership

Starting prices

25% share from
£105,625
Full price
£422,500
Minimum deposit
£10,562
Monthly rent
£726
Monthly service charge
£152

Overview

As we re-open our sales offices, our expert teams are online and on-call to answer any questions and guide you through a virtual viewing of your chosen development. Once your virtual viewing is complete you will then be able to book your private appointment to view in person.

New Garden Quarter located in central Stratford has a collection of 67 apartments available through Shared Ownership. These modern 1,2 & 3 bedroom apartments are set around a beautifully landscaped garden square, in close proximity to Queen Elizabeth Olympic Park, a thriving shopping centre and have excellent transport links to the city.

 Specification

Kitchen:

Light grey, handle-less fitted units from London designer Urban Myth. Stone worktops and fully integrated Smeg appliances including stainless steel oven, ceramic hob, extractor hood, dishwasher, fridge/freezer, washer/dryer. Also glass splashbacks and feature lighting under wall units.

Bathroom/en-suite shower rooms:

Pure white bathroom suites with chrome taps and mixers. Bath with thermostatic shower mixer and glazed screen. Large shower enclosure to en-suite, contemporary porcelain and ceramic tiling. Large vanity mirror, towel warmer, bespoke cabinetry with built in storage and low voltage sockets.

Living areas / flooring:

Kitchen, living room and hallway in woodstrip laminate flooring and bedrooms carpeted in a soft grey colour tone.

General:

Smooth finish to all walls and ceilings, painted in white emulsion and white stainwood finish to doors and woodwork. Residents' gymnasium and concierge service. Bicycle storage. Car parking available by separate negotiations.

What is Shared Ownership?:
Shared Ownership is a government backed scheme allowing you to buy a share in a property from 25% to 75% of the full market value and pay a subsidised rent on the remainder. Because you only have to put down a deposit on the share you buy, you won't need to save as much for a deposit as you would if you were buying outright. ***Affordability and eligibility criteria applies.

**Images and CGIs are for illustrative purposes only.


Local area information

New Garden Quarter couldn't be better connected - just 7 minutes walk from Stratford station in London's Zone 2. Stylishly designed with inspiring interiors, residents will have access to 24 hour concierge, a residents' gym and car parking.****

With 350 shops and services, 80 places to eat, world-class leisure facilities and the Queen Elizabeth Olympic Park on your doorstep - what's not to love?

****Secure parking is available through separate negotiation. Please speak to a sales advisor.

 


Plot availability

Plot number F178
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £105,625
Full market price £422,500
Monthly rent £726
Monthly service charge £152
Ownership Leasehold

Key Features

  • Available to move in 
  • Communal garden
  • Communal play area
  • Balcony 
  • Concierge
  • On Site gym
  • Stone worktops in kitchen
  • Smeg appliances throughout

Specification:

Kitchen:

Light grey, handle-less fitted units from London designer Urban Myth. Stone worktops and fully integrated Smeg appliances including stainless steel oven, ceramic hob, extractor hood, dishwasher, fridge/freezer, washer/dryer. Also glass splashbacks and feature lighting under wall units.


Bathroom/en-suite shower rooms:

Pure white bathroom suites with chrome taps and mixers. Bath with thermostatic shower mixer and glazed screen. Large shower enclosure to en-suite, contemporary porcelain and ceramic tiling. Large vanity mirror, towel warmer, bespoke cabinetry with built in storage and low voltage sockets.


Living areas / flooring:

Kitchen, living room and hallway in woodstrip laminate flooring and bedrooms carpeted in a soft grey colour tone.


General:

Smooth finish to all walls and ceilings, painted in white emulsion and white stainwood finish to doors and woodwork. Residents’ gymnasium and concierge service. Bicycle storage. Car parking available by separate negotiations.


FAQ's

Min share price from: £105,625 for a 25% share
Full price from: £422,500
Minimum deposit from: £10,562
Monthly rent from: £726
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £105,625 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

Notting Hill Genesis
Shared ownership

Starting prices

25% share from
£105,625
Full price
£422,500
Minimum deposit
£10,562
Monthly rent
£726
Monthly service charge
£152