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)

Ropemakers Yard, 1 bed homes


Aston street, London, Tower Hamlets, E14 7NG

Shared ownership

Starting prices

25% share from
£93,125
Full price
£372,500
Minimum deposit
£9,313
Monthly rent
£640
Monthly service charge
£169

Overview

100% reserved, register now to go on the waiting list

These apartments have a generous open plan living/kitchen/dining area with Bosch integrated appliances and a high-quality finish throughout. Other features in these homes include a built-in wardrobe in the master bedroom, a large bathroom, generous private balconies and ample storage.

A fitness suite and  24 hour concierge service are available to residents. London Help to Buy is also available at this development.

Transport
Residents will benefit from being a short walk to both Stepney Green underground station (District and Hammersmith & City lines) and Limehouse (DLR).

Journey times*
Limehouse to Fenchurch Street - 5 mins (C2C)
Limehouse to Bank - 5 Mins (DLR)
Limehouse to Canary Wharf - 4 mins (DLR)
Stepney Green to Liverpool street - 9 mins (Hammersmith & City / District)
Stepney Green to Victoria - 22 mins (District)
Stepney Green to Oxford Circus - 20 mins (Hammersmith & City / District & Central)

Amenities
For essentials, Tesco express, a post office and chemist are within walking distance. Ropemakers Yard also has several primary and secondary schools with good or outstanding Ofsted ratings nearby.

*All times and distances are approximate. Travel times are taken from tfl.gov.uk


Local area information

The communal garden opens out on to Whitehorse Road Park and Stepney Green Park is just a little further beyond. On the other side of the canal is the attractive Mile End Park with its stunning waterside art pavilion and terraced gardens. Limehouse is now home to a variety of galleries, artisan cafes, craft beer pubs and live music venues.


FAQ's

Prices are not available yet for Ropemakers Yard but you can register your interest to be notified when prices become available.

Plot breakdowns are not available yet for Ropemakers Yard but you can register your interest to be notified when prices become available.

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

L&Q London
Shared ownership

Starting prices

25% share from
£93,125
Full price
£372,500
Minimum deposit
£9,313
Monthly rent
£640
Monthly service charge
£169