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%.

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Parkview Apartments - ref GEN17, 2 bed homes


122 Chrisp Street, London, Tower Hamlets, E14 6ET

Shared ownership

Starting prices

65% share from
£260,000
Full price
£400,000
Minimum deposit
£26,000
Monthly rent
£241
Monthly service charge
£276

Overview

Third floor 2 bedroom home in the London borough of Tower Hamlets for £ 260,000 65% share price of £400,000 full market price, available through Shared Ownership.

 

Monthly Fees

*Monthly Mortgage: £1,315.06

Monthly Rent: £241.00

NHHO Service Charge: £ 275.81

*Council Tax: £112

Estimated Total (per month): £1,831.87 (excluding council tax)

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

Key Features

Balcony

Access to 18th floor rooftop terrace

Cycle storage on ground floor

Concierge from 1:00 p.m. to 9:00 p.m. (duties shared between cleaning and security from 3:00 p.m. onwards)

CCTV cameras in communal areas


Local area information

Within 2 miles of 7 Outstanding Primary Schools and 3 Outstanding Secondary Schools (rated by Ofsted)

Within 6 minutes' walk of Chrisp Street Market, Chrisp Street Health Centre, 2 supermarkets, and 2 pharmacies

Within 2 minutes' walk of Langdon Park

Local Transport

Langdon Park DLR Station - 30ft

Poplar DLR Station (DLR) - 0.7 miles

Canary Wharf (DLR) - 1.1 miles

Canary Wharf Underground Station (Jubilee) – 1.1 miles

Stratford (Central, Jubilee, TFL Rail, London Overground, DLR) - 2.6 miles

 

 


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

65% share from
£260,000
Full price
£400,000
Minimum deposit
£26,000
Monthly rent
£241
Monthly service charge
£276