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)

Russell Square, 2 bed homes


Russell Square, Russells Crescent, Horley, Reigate and Banstead, RH6 7GW

Shared ownership

Starting prices

56% share from
£151,200
Full price
£270,000
Minimum deposit
£7,560
Monthly rent
£261
Monthly service charge
£157

Overview

Key Features

Second floor flat
Two bedrooms
Private balcony
Undercroft allocated parking space
Secure entry phone system
Communal hot water and central heating
Close to station and facilities at Horley
Available on 56% Shared Ownership basis
Full Description

Two bedroom flat available through our Shared Ownership Scheme
Available for £151,200 for 56% share based on a market value of £270,000

SO Resi Monthly Payment - £261.04
Monthly Service Charge - £157.06
Total Monthly Charge - £418.06 PLUS MORTGAGE REQUIRED FOR 56% SHARE

Property Details

Outside
Private balcony accessed via reception area
Well-kept communal grounds and areas, including bin and bike stores
Undercroft allocated parking space

EPC Rating

Energy Rating Band - B
Environmental Impact Band - B

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Local area information

A five minute walk to Horley Train Station with links to London, Gatwick and the coast will be fantastic for work or just leisure, whilst Horley town centre with bus links and its plethora of shops, restaurants and amenities is also on the doorstep. Good schools are also close by. The following transport links are nearby:- Horley (0.1 mi) Gatwick Airport (1.0 mi) Salfords (2.2 mi)


Housing Provider

SO Resi
Shared ownership

Starting prices

56% share from
£151,200
Full price
£270,000
Minimum deposit
£7,560
Monthly rent
£261
Monthly service charge
£157