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)

Red Deer Court, 1-2 bed homes


Sanderstead Road, Croydon, CR2 6EQ

Shared ownership

Starting prices

25% share from
£69,500
Full price
£278,000
Minimum deposit
£3,475
Monthly rent
£478
Monthly service charge
£170

Overview

 

A collection of 23 stylish apartments located in a highly desirable area. Croydon is one of London's most up and coming areas which makes Red Deer Court a great place to invest in.

Register your interest so you do not miss out one of these amazing apartments.

* Legal payments will be paid by Hexagon if the agreed timescales are met.

 


Local area information

Croydons Social scene is thriving thanks to developments such as Boxpark Croydon. Boxpark offers modern street food, fine dining, craft beers and regular events. Matthews Yard is a much-loved creative hub with a theatre, art gallery, events space and burger bar. The towns two shopping centre's; Whitgift and Centrale shopping malls are set to be turned into a wonderful Westfield and will become the UK's second largest shopping centre. 

  • 2 mins walk from Sanderstead Station
  • 25 mins to London Victoria
  • 35 mins to Gatwick Airport

Plot availability

Plot number 2
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £69,500
Full market price £278,000
Monthly rent £478
Monthly service charge £170
Ownership Leasehold
Plot number 3
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £69,500
Full market price £278,000
Monthly rent £478
Monthly service charge £170
Ownership Leasehold
Plot number 11
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £70,000
Full market price £280,000
Monthly rent £481
Monthly service charge £170
Ownership Leasehold
Plot number 12
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £70,000
Full market price £280,000
Monthly rent £481
Monthly service charge £170
Ownership Leasehold
Plot number 14
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £91,875
Full market price £367,500
Monthly rent £632
Monthly service charge £170
Ownership Leasehold

FAQ's

Min share price from: £69,500 for a 25% share
Full price from: £278,000
Minimum deposit from: £3,475
Monthly rent from: £478
Bedrooms: 1
Bathrooms: 1

There are 5 available ranging from £69,500 for a 25% share to £91,875 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

Hexagon
Shared ownership

Starting prices

25% share from
£69,500
Full price
£278,000
Minimum deposit
£3,475
Monthly rent
£478
Monthly service charge
£170