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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Pavilion Mansions, 2 bed homes


Lambeth, Lambeth, SW9 8DG

Shared ownership

Starting prices

60% share from
£267,000
Full price
£445,000
Minimum deposit
£26,700

Overview

The Pavilion Mansions property is a two bedroom second floor apartment within a block of flats built around 1993. It benefits from off road parking and communal garden. The lease remaining on the property is 75 years.


Local area information

There are good transport links with Brixton underground station 0.1miles away, served by Victoria Line, and linking to Green Park in 10 minutes.

Local amenities are located 0.1 miles away along Brixton Road, and for leisure and enjoyment, Brixton Market with a wealth of shops, restaurants and bars is a short walk away.

Nearest station: Brixton Station (Zone 2) served by the Victoria Line and National Rail

Bus routes nearby: Bus routes 2, 35, 45, 196, 250, 333, 432, N2 & P4 from Brixton.


Plot availability

Plot number 30
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 60%
Minimum share price £267,000
Full market price £445,000
Monthly rent £293
Monthly service charge £128

Entrance: Hallway with entry phone system, storage cupboard and access to loft leading to…

Living Room: (4.9m x 3.0m) Spacious lounge with Grey carpet.

Kitchen: (3.0m x 1.7m) White base and wall units with white worktop and tiled splashback. Free standing oven, hob and extractor fan. Space for fridge freezer and washer dryer. Lino flooring.

Bedroom 1: (4.8m x 2.7m) Grey carpet.

Bedroom 2: (3.7m x 2.6m) Grey carpet.

Bathroom: (1.9m x 1.7m) White suite comprising panelled bath with shower over, WC and hand washbasin. Full height tiling around the bath. Lino flooring.

Outside: Parking: allocated space for one car. Communal Garden.


FAQ's

Min share price from: £267,000 for a 60% share
Full price from: £445,000
Minimum deposit from: £26,700
Monthly rent from: £293
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £267,000 for a 60% 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

Family Mosaic
Shared ownership

Starting prices

60% share from
£267,000
Full price
£445,000
Minimum deposit
£26,700