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)

Padcroft, 1-3 bed homes


Tavistock Road, West Drayton, Hillingdon, UB7 7QT

Shared ownership

Starting prices

30% share from
£94,500
Full price
£315,000
Minimum deposit
£4,725
Monthly rent
£322
Monthly service charge
£175

Overview

 Set amongst private landscaped grounds and close to the Grand Union Canal, Padcroft brings  one, two and three bedroom apartments to West Drayton. Offering spacious, peaceful homes to

 complement busy city lifestyles, homes at Padcroft are minutes from West Drayton station so  you can spend less time commuting and more time connecting. Pick up everyday essentials

 from several local supermarkets and takeaways and cafes on Yiewsley High Street, or visit  nearby Uxbridge for a fantastic choice of shopping and restaurants.

 With homes ready to move in to as standard, you can relax in your new contemporary home.

 Complete with modern kitchens featuring high-gloss units with an upstand matching the  worktop, Zanussi appliances, a contemporary bathroom suite and carpeted living areas and

 bedrooms. Large terraces and balconies bring the outdoors in, extending your space for  entertaining friends and family, or having a quiet morning coffee in the sun. Light and airy

 bedrooms create quiet spaces to escape to, whilst open plan living spaces are flexible to meet  your lifestyle, whether you need a place to work, relax or entertain.

 Find peace in the large landscaped private gardens or cycle along the Grand Union Canal as  Midland House offers secure cycle storage to get you out and about. Be rewarded with green

 open spaces at Colne Valley Regional Park, with its varied greenspaces and lakes. 

 

 Reserve today for only £99 and receive your service charges paid for a whole year!

 Reserve a new home at Padcroft in West Drayton for just £99* and we’ll also pay your service charge fees for the first 12 months from the date you move in, saving you up to £3,314 .**

 That’s the equivalent of: £70 pw food shop for 2 for 47 weeks. 

 *non refundable reservation fee. **Taken off total purchase price on completion. For all  reservations taken by the end of January 2021.The figure is based on the most expensive  service charge on a currently available property. Eligibility and affordability conditions apply.

 

 

 


Local area information

These ideal apartments are situated in a fantastic location, only minutes away from West Drayton train station which serves the Great Western Railway.  The high street is within easy reach, with a range of amenities including well known brands such as Boots, Morrisons through to restaurants and a dentist. The area is set to transform with greatly improved transport links on completion of the West Drayton Crossrail station in the future and the Elizabeth line with Heathrow only an 8 minute journey and the commute to the West End and the City in under 30 mins travel time


Plot availability

Plot number 10.1.2
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £94,500
Full market price £315,000
Monthly rent £322
Monthly service charge £175
Ownership Leasehold

Bright and contemporary 1 bedroom apartment with fully fitted kitchen

Stylish bathroom with coordinating wall and floor tiles 

Carpet to bedroom with fitted wardrobe to master

Excellent location with easy acess to transport links  

Plot number 10.3.2
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £95,250
Full market price £317,500
Monthly rent £324
Monthly service charge £175
Ownership Leasehold
Plot number 10.2.2
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 30%
Minimum share price £95,250
Full market price £317,500
Monthly rent £324
Monthly service charge £175
Ownership Leasehold
Plot number 10.0.1
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £96,250
Full market price £385,000
Monthly rent £421
Monthly service charge £190
Ownership Leasehold

Bright and contemporary 1 bedroom apartment with fully fitted kitchen

Stylish bathroom with coordinating wall and floor tiles 

Carpet to bedroom with fitted wardrobe to master

Excellent location with easy acess to transport links  

Plot number 10.1.3
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £98,750
Full market price £395,000
Monthly rent £432
Monthly service charge £199
Ownership Leasehold
Plot number 10.4.2
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £98,750
Full market price £395,000
Monthly rent £432
Monthly service charge £199
Ownership Leasehold
Plot number 10.2.3
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £98,750
Full market price £395,000
Monthly rent £432
Monthly service charge £199
Ownership Leasehold
Plot number 10.3.3
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £98,750
Full market price £395,000
Monthly rent £432
Monthly service charge £199
Ownership Leasehold
Plot number 10.3.1
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £98,750
Full market price £395,000
Monthly rent £432
Monthly service charge £208
Ownership Leasehold
Plot number 10.4.1
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £117,500
Full market price £470,000
Monthly rent £514
Monthly service charge £264
Ownership Leasehold
Plot number 10.5.1
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £118,125
Full market price £472,500
Monthly rent £517
Monthly service charge £264
Ownership Leasehold

FAQ's

Min share price from: £94,500 for a 30% share
Full price from: £315,000
Minimum deposit from: £4,725
Monthly rent from: £322
Bedrooms: 1
Bathrooms: 1

There are 11 available ranging from £94,500 for a 30% share to £118,125 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

RHP
Shared ownership

Starting prices

30% share from
£94,500
Full price
£315,000
Minimum deposit
£4,725
Monthly rent
£322
Monthly service charge
£175