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, 2 bed homes


Five Oaks Lane, Chigwell, Redbridge, IG7 4QP

Shared ownership

Starting prices

25% share from
£102,500
Full price
£410,000
Minimum deposit
£10,250
Monthly rent
£705
Monthly service charge
£60

Overview

Final release of homes, 2 bedroom homes available for £102,500 with Shared Ownership in Chigwell

L&Q at Oaklands Hamlet 
The development combines its exceptional collection of 2 bedroom houses with breath-taking parkland, creating an attractive destination for a variety of lifestyles. With easy access into London, it is ideally located for making the most of the city and you will enjoy coming home to the peaceful tree-lined greenery. Surrounded by a total of 53 acres of countryside and two grand golf courses, this exciting new community offers much-needed breathing space and a relaxing atmosphere perfect for all walks of life. These traditional but stylish homes have a desirable specification throughout, access to private or communal gardens and include parking.

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

Hainault Connections
Hainault tube station on the Central line connects to the wider underground and mainline stations
3.5 miles away from forthcoming Crossrail station
Hainault Forest Country Park neighbours the development with 300 acres
The A12 is less than two miles away.
Liberty Shopping Centre in Romford is a just short drive away


Plot availability

Plot number 386
Tenure Shared ownership
Availability Available
Bathrooms 3
Minimum share 25%
Minimum share price £102,500
Full market price £410,000
Monthly rent £705
Monthly service charge £60
Ownership Leasehold

Kitchen
Modern kitchen cabinets with a complementary worktop and matching upstand
Full height glass splashback behind the hob
Under cupboard lighting
Stainless steel 1.5 bowl sink with accompanying chrome mixer tap
Fully integrated appliances including oven, ceramic hob, fridge/freezer, dishwasher and integrated extractor

Bathroom
Modern white sanitaryware including semi-recessed basin with chrome basin tap
Floor mounted WC with concealed cistern
Chrome dual flush plate for water efficiency
Full height mirror
Steel bath with bespoke bath panel
Chrome towel radiator
Homes without an en suite will include a shower screen over the bath, chrome bath mixer tap, thermostatic shower valve with overhead shower and hair wash attachment
Homes with an en suite will include a bath mixer tap with hair wash attachment mounted at low level.

En Suites
Modern white sanitaryware including semi-recessed basin with chrome basin tap
Floor mounted WC with concealed cistern
Chrome dual flush plate
Fitted mirror
Steel bath with bespoke bath panel
Chrome towel radiator
White shower tray with fixed shower screen/sliding door
Thermostatic mixer valve with shower head and hair wash attachment

Bedroom
Fitted carpet
Fitted wardrobe with hinged doors to Bedroom 1

Wall & Floor Finishes
White emulsion painted walls and ceilings
White satin architraves and skirting boards
Flooring to hallways and kitchen/living/dining areas
Ceramic large format floor and wall tiles to bathrooms and en-suites

Heating, Electrical & Lighting
Low energy white LED downlights to kitchen/dining/living area and bathrooms
Pendant lights to bedrooms, hallways & store cupboards
Polished chrome switches and sockets.
White shaver point in bathrooms
Provision for Sky Q (subscription will be required)
Mains operated ceiling mounted smoke/heat detector

General
Free standing washer/dryer located in store cupboard where possible
Brushed chrome door furniture
Shared garden, balcony or terrace to every home
Video door entry system
Communal bicycle storage for every home
NHBC 12-year Warranty
All units come with allocated parking

Plot number 387
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £102,500
Full market price £410,000
Monthly rent £705
Monthly service charge £60
Ownership Leasehold

Kitchen
Modern kitchen cabinets with a complementary worktop and matching upstand
Full height glass splashback behind the hob
Under cupboard lighting
Stainless steel 1.5 bowl sink with accompanying chrome mixer tap
Fully integrated appliances including oven, ceramic hob, fridge/freezer, dishwasher and integrated extractor

Bathroom
Modern white sanitaryware including semi-recessed basin with chrome basin tap
Floor mounted WC with concealed cistern
Chrome dual flush plate for water efficiency
Full height mirror
Steel bath with bespoke bath panel
Chrome towel radiator
Homes without an en suite will include a shower screen over the bath, chrome bath mixer tap, thermostatic shower valve with overhead shower and hair wash attachment
Homes with an en suite will include a bath mixer tap with hair wash attachment mounted at low level.

En Suites
Modern white sanitaryware including semi-recessed basin with chrome basin tap
Floor mounted WC with concealed cistern
Chrome dual flush plate
Fitted mirror
Steel bath with bespoke bath panel
Chrome towel radiator
White shower tray with fixed shower screen/sliding door
Thermostatic mixer valve with shower head and hair wash attachment

Bedroom
Fitted carpet
Fitted wardrobe with hinged doors to Bedroom 1

Wall & Floor Finishes
White emulsion painted walls and ceilings
White satin architraves and skirting boards
Flooring to hallways and kitchen/living/dining areas
Ceramic large format floor and wall tiles to bathrooms and en-suites

Heating, Electrical & Lighting
Low energy white LED downlights to kitchen/dining/living area and bathrooms
Pendant lights to bedrooms, hallways & store cupboards
Polished chrome switches and sockets.
White shaver point in bathrooms
Provision for Sky Q (subscription will be required)
Mains operated ceiling mounted smoke/heat detector

General
Free standing washer/dryer located in store cupboard where possible
Brushed chrome door furniture
Shared garden, balcony or terrace to every home
Video door entry system
Communal bicycle storage for every home
NHBC 12-year Warranty
All units come with allocated parking


FAQ's

Min share price from: £102,500 for a 25% share
Full price from: £410,000
Minimum deposit from: £10,250
Monthly rent from: £705
Bedrooms: 2
Bathrooms: 2

There are 2 available ranging from £102,500 for a 25% share to £102,500 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
£102,500
Full price
£410,000
Minimum deposit
£10,250
Monthly rent
£705
Monthly service charge
£60