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)

Smithsfield House, 2 bed homes

Southwater, Horsham, RH13 9LP

Shared ownership

Starting prices

40% share from
Full price


A well-presented two bedroom apartment built around 2007 with good access to Southwater village. A good commuter location with Christs Hospital railway station less than two miles away with regular services to London, the south coast and Gatwick. There are several primary and secondary schools in close proximity including Southwater Infant Academy, Southwater Junior Academy and The Millais Secondary. Gatwick Airport is approximately 12 miles away. The property is conveniently situated for access onto the A24. Horsham town centre is just over three miles away with a good selection of shops, restaurants and leisure facilities.

Plot availability

Plot number 26
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £96,000
Full market price £240,000
Monthly rent £327
Monthly service charge £69
  • Entrance hall with fitted storage cupboards
  • Living room open plan to kitchen
  • Modern fitted kitchen with a mix of base and wall units. Integrated oven, hob and extractor fan
  • Bathroom W/C with modern white suite and marble effect flooring
  • Two double bedrooms both with fitted carpet
  • En-suite shower room
  • Electric heating system
  • Airing cupboard with additional storage
  • Door entry system
  • Communal lift
  • Undercover allocated parking space
  • Lease date: 125 years from 1 March 2007
  • EPC rating: C (71) 


Min share price from: £96,000 for a 40% share
Full price from: £240,000
Monthly rent from: £327
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £96,000 for a 40% 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

Shared ownership

Starting prices

40% share from
Full price