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)

RUB1X, 1-2 bed homes


Southall High Street, London, Ealing, UB1 3HA

Shared ownership

Starting prices

25% share from
£81,250
Full price
£325,000
Minimum deposit
£4,063
Monthly rent
£559

Overview

RUB1X has just launched! Enquire now to find out more about these homes!

 

RUB1X comprises of 34 one and two bedroom apartments in the heart of Southall, Ealing. In this vibrant and multicultural area, RUB1X offers comfortable homes with a variety of modern features, including fully fitted kitchens with integrated appliances. You will enjoy spacious, large-sized bedrooms and an open plan kitchen and living area that leads on to either a balcony or terrace. 

These homes are perfect for first time buyers, couples and families alike. Conveniently located on the High Street, you will be just minutes’ walk from Southall train station with direct links to London Paddington. Travelling by road is just as easy with the M25 and M4 all nearby.


The full market value of these homes is from £325,000 but, with shared ownership, you could purchase an initial 25% share for just £81,250 and pay a monthly rent on the remaining share. If you’re buying with a mortgage you would only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £4,063* 


Local area information

Southall boasts great connections with trains and busses giving residents access to the Capital and beyond. This area is part of a significant regeneration programme which includes the arrival of Crossrail in 2021 and the planned Heathrow expansion.

Shopping and amenities are literally just across the road, with Lidl on your doorstep and Quality Foods around the corner.  And if you are planning a weekend of strolls and sport activities, RUB1X is a stone’s throw from Southall Park which includes a playground, play centre and tennis court. The area also hosts an abundance of leisure facilities from Southall Sports Centre to West Middlesex Golf Club, all within easy reach.



Southall station - 0.5m

From Southall Station

·  Heathrow - 8 minutes

·  Paddington – 14 minutes

·  Bond Street – 17 minutes

·  Liverpool Street – 24 minutes

·  Canary Wharf – 31 minutes


Plot availability

Plot number 1.20
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £81,250
Full market price £325,000
Monthly rent £559
Monthly service charge £128
Ownership Leasehold
  • Quality high specification homes
  • Integrated dishwasher, fridge/freezer, washer dryer
  • Balcony or private outdoor area
  • Variety of apartment layouts to choose from
  • Landscaped communal gardens and play areas
  • In the heart of Ealing surrounded by a range of amenities
  • Well connected to London Paddington Station
  • Audio visual entry system
  • Available through shared ownership
Plot number 3.07
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £85,000
Full market price £340,000
Monthly rent £584
Monthly service charge £114
Ownership Leasehold
  • Quality high specification homes
  • Integrated dishwasher, fridge/freezer, washer dryer
  • Balcony or private outdoor area
  • Variety of apartment layouts to choose from
  • Landscaped communal gardens and play areas
  • In the heart of Ealing surrounded by a range of amenities
  • Well connected to London Paddington Station
  • Audio visual entry system
  • Available through shared ownership
Plot number 2.11
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £106,875
Full market price £427,500
Monthly rent £735
Monthly service charge £178
Ownership Leasehold
  • Quality high specification homes
  • Integrated dishwasher, fridge/freezer, washer dryer
  • Balcony or private outdoor area
  • Variety of apartment layouts to choose from
  • Landscaped communal gardens and play areas
  • In the heart of Ealing surrounded by a range of amenities
  • Well connected to London Paddington Station
  • Audio visual entry system
  • Available through shared ownership
Plot number 3.13
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £107,500
Full market price £450,000
Monthly rent £773
Monthly service charge £193
Ownership Leasehold
  • Quality high specification homes
  • Integrated dishwasher, fridge/freezer, washer dryer
  • Balcony or private outdoor area
  • Variety of apartment layouts to choose from
  • Landscaped communal gardens and play areas
  • In the heart of Ealing surrounded by a range of amenities
  • Well connected to London Paddington Station
  • Audio visual entry system
  • Available through shared ownership

FAQ's

Min share price from: £81,250 for a 25% share
Full price from: £325,000
Minimum deposit from: £4,063
Monthly rent from: £559
Bedrooms: 1
Bathrooms: 1

There are 4 available ranging from £81,250 for a 25% share to £107,500 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

Persona
Shared ownership

Starting prices

25% share from
£81,250
Full price
£325,000
Minimum deposit
£4,063
Monthly rent
£559