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)

One New Malden, 1-2 bed homes


Blagdon Road, New Malden, Kingston upon Thames, KT3 4DZ

Shared ownership

Starting prices

25% share from
£87,500
Full price
£350,000
Monthly rent
£602
Monthly service charge
£144

Overview

Hwan-yeong (welcome) to One New Malden an exquisite collection of 7 one and 4 two bedroom light and spacious shared-ownership apartments in the heart of New Malden town centre.

Designed with both stylish and practical interiors the apartments benefit from large windows, contemporary open plan kitchen, dining and living spaces, double bedrooms, elegant bathrooms balcony or terrace which completes this ideal living space.


Local area information

Be right at the heart of a flourishing and vibrant town. New Malden is home to many diverse cultures. In particular, the influence of its thriving Korean community can be seen in many of the local shops and restaurants. 

Everything you need is on your doorstep but One New Malden also provides easy and convenient travel links to the city and beyond. 

Perfectly placed for work or leisure, New Malden High Street has plenty of everyday retail stores for all your daily needs including Waitrose and Tesco Extra.  If you crave some serious retail therapy it’s only a short hop to the unrivalled choice of Kingston town centre of Central London.


Plot availability

Plot number 6
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £87,500
Full market price £350,000
Monthly rent £602
Monthly service charge £602
Ownership Leasehold

Kitchen

  • Fully fitted contemporary kitchen with co-ordinating worktop and upstand
  • One and a half bowl stainless steel sink with drainer
  • Stainless steel single lever mixer kitchen tap
  • Zanussi stainless steeI integrated single electric oven, hob and extractor fan.
  • Stainless steel splashback to hob
  • Low voltage downlighting
  • Integrated fridge freezer
  • Space for dishwasher

Bathroom

  • Ideal Standard fitted bath and sanitary ware
  • Wall mounted shower column with rain head and hand shower
  • Thermostatically controlled shower mixer to bath
  • Glass shower screen over bath
  • Elegant wall tiles
  • Chrome heated towel rail
  • Ceramic tiled flooring 

Ensuite

  • Ideal Standard shower tray  
  • Wall mounted shower column with rain head and hand shower
  • Glass shower screen
  • Elegant wall tiles
  • Chrome heated towel rail
  • Ceramic tiled flooring 

Internally

  • Engineered wood flooring to hallway, kitchen dinning and living room
  • Carpets in neutral colour to bedrooms
  • Washer dryer housed in utility cupboard.
  • White painted doors.
  • Walls painted white throughout 
  • Chrome electrical fittings
  • Radiators with thermostatic controls
  • TV aerial point in living area and main bedroom,
  • Wiring for Sky Q, independent satellite contract required per unit, a communal satellite dish will be provided
  • BT points to the living area and main bedroom, independent contract required per unit

 

Plot number 26
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £90,000
Full market price £360,000
Monthly rent £619
Monthly service charge £144
Ownership Leasehold

Kitchen

  • Fully fitted contemporary kitchen with co-ordinating worktop and upstand
  • One and a half bowl stainless steel sink with drainer
  • Stainless steel single lever mixer kitchen tap
  • Zanussi stainless steeI integrated single electric oven, hob and extractor fan.
  • Stainless steel splashback to hob
  • Low voltage downlighting
  • Integrated fridge freezer
  • Space for dishwasher

Bathroom

  • Ideal Standard fitted bath and sanitary ware
  • Wall mounted shower column with rain head and hand shower
  • Thermostatically controlled shower mixer to bath
  • Glass shower screen over bath
  • Elegant wall tiles
  • Chrome heated towel rail
  • Ceramic tiled flooring 

Ensuite

  • Ideal Standard shower tray  
  • Wall mounted shower column with rain head and hand shower
  • Glass shower screen
  • Elegant wall tiles
  • Chrome heated towel rail
  • Ceramic tiled flooring 

Internally

  • Engineered wood flooring to hallway, kitchen dinning and living room
  • Carpets in neutral colour to bedrooms
  • Washer dryer housed in utility cupboard.
  • White painted doors.
  • Walls painted white throughout 
  • Chrome electrical fittings
  • Radiators with thermostatic controls
  • TV aerial point in living area and main bedroom,
  • Wiring for Sky Q, independent satellite contract required per unit, a communal satellite dish will be provided
  • BT points to the living area and main bedroom, independent contract required per unit

 

Plot number 39
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £91,250
Full market price £365,000
Monthly rent £627
Monthly service charge £145
Ownership Leasehold

Kitchen

  • Fully fitted contemporary kitchen with co-ordinating worktop and upstand
  • One and a half bowl stainless steel sink with drainer
  • Stainless steel single lever mixer kitchen tap
  • Zanussi stainless steeI integrated single electric oven, hob and extractor fan.
  • Stainless steel splashback to hob
  • Low voltage downlighting
  • Integrated fridge freezer
  • Space for dishwasher

Bathroom

  • Ideal Standard fitted bath and sanitary ware
  • Wall mounted shower column with rain head and hand shower
  • Thermostatically controlled shower mixer to bath
  • Glass shower screen over bath
  • Elegant wall tiles
  • Chrome heated towel rail
  • Ceramic tiled flooring 

Ensuite

  • Ideal Standard shower tray  
  • Wall mounted shower column with rain head and hand shower
  • Glass shower screen
  • Elegant wall tiles
  • Chrome heated towel rail
  • Ceramic tiled flooring 

Internally

  • Engineered wood flooring to hallway, kitchen dinning and living room
  • Carpets in neutral colour to bedrooms
  • Washer dryer housed in utility cupboard.
  • White painted doors.
  • Walls painted white throughout 
  • Chrome electrical fittings
  • Radiators with thermostatic controls
  • TV aerial point in living area and main bedroom,
  • Wiring for Sky Q, independent satellite contract required per unit, a communal satellite dish will be provided
  • BT points to the living area and main bedroom, independent contract required per unit

 


FAQ's

Min share price from: £87,500 for a 25% share
Full price from: £350,000
Monthly rent from: £602
Bedrooms: 1
Bathrooms: 1

There are 3 available ranging from £87,500 for a 25% share to £91,250 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Paragon Asra Housing
Shared ownership

Starting prices

25% share from
£87,500
Full price
£350,000
Monthly rent
£602
Monthly service charge
£144