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)

Oaklands Hamlet, 5 bed homes


Five Oaks Lane, Chigwell, Redbridge, IG7 4QP

Shared ownership

Starting prices

25% share from
£146,250
Full price
£585,000
Minimum deposit
£14,625
Monthly rent
£914
Monthly service charge
£43

Overview

Final 5 bedroom house, £146,250 for a 25% share! Don't miss out!

Our remaining home is a beautiful three-story house with five bedrooms. The spacious master bedroom features a built-in wardrobe and en-suite. For your convenience, there are two more bathrooms in the house. All the rooms in the house will be filled with natural light and warmth due to the ample size of the windows. A fully fitted kitchen with high-class appliances holds space for a family dining table and leads to a private outdoor garden to be enjoyed. Several storage spaces can also be found throughout the house. Additionally, for comfort, this house comprises a separate living room area to maximise your family time.

The development
Set on the outskirts of Chigwell, Oaklands Hamlet combines its exceptional collection of apartments and houses with breath-taking parkland as well as convenient access to the City and Central London, making it an attractive destination for both rural and city lifestyles.

These traditional style homes boast an impressive specification throughout, creating a sought after rural hamlet. All homes have access to private or communal gardens and allocated parking.*


Local area information

The area
Available on the outskirts of Chigwell, this location enjoys all the benefits of country-style living set amongst breath-taking parkland and with convenient access to central London.

Transport
For access to London, Hainault underground station on the Central Line (Zone 4) just over two miles away, from there, journey time to London Liverpool Street is just over 30 minutes.** The Elizabeth line will run from Chadwell Heath.

The development is also well positioned for road travel, situated just off the Romford Road, with the A12 less than two miles away.

Amenities
The nearest supermarket is 1 mile away, the Liberty shopping centre in Romford is a short drive of 7.5 miles away. Access to the A12 is under 2 miles away. Westfield Stratford City can be reached in 30 minutes by car.**

Oaklands Hamlet is surrounded by 53 acres of countryside and neighbours two grand golf courses.

*one parking space per property
** Journey times taken from tfl.gov.uk and google maps. All times and distances are approximate.


Plot availability

Plot number 399
Tenure Shared ownership
Availability Available
Bathrooms 3
Minimum share 25%
Minimum share price £146,250
Full market price £585,000
Monthly rent £914
Monthly service charge £43
Ownership Leasehold

FAQ's

Min share price from: £146,250 for a 25% share
Full price from: £585,000
Minimum deposit from: £14,625
Monthly rent from: £914
Bedrooms: 5
Bathrooms: 3

There is only one available priced at £146,250 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

L&Q London
Shared ownership

Starting prices

25% share from
£146,250
Full price
£585,000
Minimum deposit
£14,625
Monthly rent
£914
Monthly service charge
£43