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)

St James, 1-2 bed homes


St James, Brentwood, Brentwood, CM14 4DR

Shared ownership

Starting prices

50% share from
£174,750
Full price
£349,500
Minimum deposit
£8,738
Monthly rent
£400

Overview

St James House , Brentwood is made up of 1 and 2 bedroom apartments now available on part buy - part rent. 


Local area information

Luna St. James is a stylish new development of contemporary 1 & 2 bedroom apartments, in the heart of Brentwood.

There are 45 luxury apartments offering a wealth of added benefits: private terraces, shared communal outside space, residents’ gym, concierge and allocated secure parking.

Luna St. James is less than a minute’s walk from Brentwood train station with excellent rail connections to London. Crossrail will commence in 2019/2020.

Brentwood is a popular commuter town with its own independent, boutique shops. With London and the West End so close residents can enjoy a lifestyle of city cool or country chic.


Plot availability

Plot number 1-bed apartment
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £168,500
Full market price £337,000
Ownership Leasehold

1-bed apartments complete with open plan kitchen/dining/living area, master bedroom and main bathroom. Some apartments are also complimented with a utility room.

1-bed apartment,

Open plan kitchen/living/dining area,

Integrated appliances,

CCTV coverage,

Secure door entry system,

Secure cycle stores

St James has a fully equipped resident’s Gym and Concierge service.

Plot number 2-bed apartment
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £191,250
Full market price £382,500
Ownership Leasehold

2-bedroom apartments complete with open plan kitchen/dining/living area, a master bedroom, a further second bedroom and main bathroom. 

2-bed apartments,

Open plan kitchen/dining/living area,

Integrated appliances,

CCTV coverage,

Secure door entry system,

Secure cycle stores

St James has a fully equipped resident’s Gym and Concierge service.


FAQ's

Min share price from: £168,500 for a 50% share
Full price from: £337,000
Minimum deposit from: £8,738
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £168,500 for a 50% share to £191,250 for a 50% 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

Heylo Housing
Shared ownership

Starting prices

50% share from
£174,750
Full price
£349,500
Minimum deposit
£8,738
Monthly rent
£400