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)

SO Resi Times Square, 1-2 bed homes


Bessemer Road, Welwyn Garden City, Welwyn Hatfield, AL7 1HW

Shared ownership

Starting prices

35% share from
£75,250
Full price
£215,000
Minimum deposit
£7,525
Monthly rent
£320

Overview

Introducing SO Resi Times Square, an exciting new Metropolitan development offering a choice of stylish studio,  one and two bedroom apartments to own in the unique and popular Welwyn Garden City – a place that realizes the vision of its founder Ebenezer Howard by offering the best of both town and country.

Surrounded by beautiful, rolling Hertfordshire countryside, Welwyn Garden City brings together the very best of urban living with contemporary shopping and amenities, convenient commuter links, inviting communal spaces plus a wealth of open green space to relax and re-charge.


Local area information

Welwyn Garden City brings together the very best of urban living, with contemporary shopping and amenities and convenient commuter links with London Kings Cross only 26 minutes away by train*, and the surrounding Hertfordshire countryside providing a wealth of open green space to relax and recharge in.

SO Resi Times Square offers a fantastic opportunity for first-time buyers to purchase their first home. This is a development where locals, those currently renting or living with family in Hertfordshire, London and beyond can affordably buy.

Local area:
In Welwyn Garden City, you can shop to your heart's content at the best the UK has to offer including; John Lewis, Debenhams, Marks and Spencer, Waitrose and H&M to name but a few. At the end of a busy day shopping you can always relax at one of the many quaint coffee shops or gastropubs. A little further afield you can enjoy the culinary delights of Auberge du Lac at Brocket Hall. In Welwyn Garden City you are safe in the knowledge that all your shopping, dining and drinking requirements are amply catered for.

Welwyn Garden City is well regarded for its high standard of schools, with Applecroft and Templewood primaries rated 'outstanding' and Monk's Walk secondary rated 'good' by Ofsted.


Plot availability

Plot number 189
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £87,500
Full market price £250,000
Monthly rent £373
Monthly service charge £97
Ownership Leasehold
  • Large balcony
  • Allocated parking
  • Fully fitted kitchens
  • Fully fitted bathrooms
  • Tiling in the bathrooms
  • Double glazed windows
  • Fully carpeted living rooms and bedrooms
  • Sky + HD satellite connections to living room and master bedroom
  • 20 minute travel time to Finsbury Park
Plot number 256
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £116,375
Full market price £332,500
Monthly rent £495
Monthly service charge £84
Ownership Leasehold
  • Large balcony
  • Allocated parking
  • Fully fitted kitchens
  • Fully fitted bathrooms
  • Tiling in the bathrooms
  • Double glazed windows
  • Fully carpeted living rooms and bedrooms
  • Sky + HD satellite connections to living room and master bedroom
  • 20 minute travel time to Finsbury Park
Plot number 187
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £118,125
Full market price £337,500
Monthly rent £503
Monthly service charge £106
Ownership Leasehold
Plot number 193
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £118,125
Full market price £337,500
Monthly rent £503
Monthly service charge £106
Ownership Leasehold

ull specification

  • Large balcony
  • Allocated parking
  • Fully fitted kitchens
  • Fully fitted bathrooms
  • Tiling in the bathrooms
  • Double glazed windows
  • Fully carpeted living rooms and bedrooms
  • Sky + HD satellite connections to living room and master bedroom
  • 20 minute travel time to Finsbury Park
  •  
Plot number 194
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £118,125
Full market price £337,500
Monthly rent £503
Monthly service charge £106
Ownership Leasehold
Plot number 196
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £119,000
Full market price £340,000
Monthly rent £506
Monthly service charge £106
Ownership Leasehold
  • Large balcony
  • Allocated parking
  • Fully fitted kitchens
  • Fully fitted bathrooms
  • Tiling in the bathrooms
  • Double glazed windows
  • Fully carpeted living rooms and bedrooms
  • Sky + HD satellite connections to living room and master bedroom
  • 20 minute travel time to Finsbury Park

FAQ's

Min share price from: £87,500 for a 25% share
Full price from: £250,000
Minimum deposit from: £7,525
Monthly rent from: £373
Bedrooms: 1
Bathrooms: 1

There are 6 available ranging from £87,500 for a 25% share to £119,000 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.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

SO Resi
Shared ownership

Starting prices

35% share from
£75,250
Full price
£215,000
Minimum deposit
£7,525
Monthly rent
£320