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%.

St. Ives Court


Mapesbury Road, Brent, Brent, NW2 4HJ

Shared ownership
2 bedroom homes
65% share from
£357,500
Full price
£550,000
Minimum deposit
£17,875
Monthly rent
£312
Monthly service charge
£90

Overview

  • Ground Floor Apartment
  • Generous Bright Lounge
  • Two Double Bedrooms
  • Modern Open Plan Kitchen
  • Stylish Bathroom/WC  
  • Gas Central Heating
  • Double Glazed Throughout
  • Private Garden
  • Allocated Parking Space
  • Secure Bicycle Storage
  • Communal Garden
  • Convenient Location 
  • Council Tax Band D: £1,425.18 for 2017/2018
  • Remaining lease term: 88 years

Local area information

This well designed and spacious first floor 2 bedroom apartment forms part of this modern development conveniently situated in Mapesbury conservation area just minutes’ walk away from Cricklewood Broadway, Kilburn High Road, West Hampstead and a host of shops, restaurants, local amenities and transport links which include Kilburn (6mins) and West Hampstead Thameslink (15mins) and Brondesbury Overground Station (9mins).


Plot availability

Plot number 2
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 65%
Minimum share price £357,500
Full market price £550,000
Monthly rent £312
Monthly service charge £88

GROUND FLOOR
ENTRANCE HALL
Hallway featuring an entry phone security system, laminated wood effect flooring, two large built in storage cupboards and a radiator.

LOUNGE
A sizeable, bright reception room featuring laminated wood effect flooring, double glazed casement windows overlooking the front of the property, feature architectural glass brick wall to the side elevation of the property, spotlights, radiators, TV, telephone and media points. Leading to….

OPEN PLAN KITCHEN
Modern wood effect fitted wall and base units with stainless steel fittings and a dark granite effect work surface incorporating a stainless steel sink and drainer with mixer tap, integrated fan assisted oven and grill with four ring gas hob and extractor canopy above, Hotpoint dishwasher, fridge/freezer and washer/dryer, casement window to the side of the property, Worcester combination boiler, tiled flooring, tiled splashbacks and spotlights on a track.

BEDROOM ONE
Generous, light double bedroom with a fitted carpet, double glazed casement windows and door leading to the properties private paved garden at the rear of the property, feature architectural glass brick wall to the side elevation of the property, TV point and a radiator.

BEDROOM TWO
Good sized double bedroom, featuring a fitted carpet, double glazed casement windows and door leading to the properties private paved garden at the rear of the property and a radiator.

BATHROOM/WC
A stylish, modern white bathroom suite with chrome fittings, comprising of a panel enclosed bath with a handheld shower fitting and a fully tiled shower cubicle with wall mounted shower fitting and glass shower screen, wash basin set into a storage unit, low flush WC, part tiled walls, tiled flooring, radiator, mirrored vanity unit and inset spotlights.

EXTERIOR
A private paved garden accessed through both of the bedrooms, allocated parking space and a communal garden with a secure bicycle storage facility.


FAQ's

Min share price from: £357,500 for a 65% share
Full price from: £550,000
Minimum deposit from: £17,875
Monthly rent from: £312
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £357,500 for a 65% 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

Origin Housing
Shared ownership
2 bedroom homes
65% share from
£357,500
Full price
£550,000
Minimum deposit
£17,875
Monthly rent
£312
Monthly service charge
£90