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%.

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The Keepers, 1-2 bed homes


Pavillion Park, East Molesey, Elmbridge, KT8 9FE

Shared ownership

Starting prices

25% share from
£85,000
Full price
£340,000
Minimum deposit
£4,250
Monthly rent
£584
Monthly service charge
£135

Overview

This development of brand new, stylish homes is in a much sought after location off Hurst Lane in the desirable village of East Molesey.  It offers a peaceful haven but is in easy reach of local amenities and just a short train journey from central London.

Occupying a spacious, natural parkland setting, the exceptional, affordable properties are ideal for singles, couples or young families looking to buy their first home. The area has all the amenities you could want, whether it’s shops, schools or entertainment at the top of your list.

Approached through a driveway-style entrance, the scheme is bright and welcoming. Most of the stylish, creatively designed apartments over the parkland, creating an attractive and relaxing environment. Each home has allocated parking and access to a secure cycle store.

The Keepers takes its name from cricket matches formerly played in the area. The nearby Pavilion Club still offers sports facilities including tennis, swimming and gym, as well as fitness classes and beauty therapies.


Local area information

East Molesey, known locally as Hampton Court Village, is in many ways a quintessentially English village, but look more closely and  you will find it has a surprisingly continental feel. On a warm summer evening, you could be forgiven for thinking you were in the Mediterranean as you stroll along the attractive riverside.

Molesey’s shops, bars, cafés and restaurants offer goods and cuisines from around the world, from  Lebanon to China and Thailand to India, not to mention a couple of traditional pubs. There is an even wider choice in nearby Kingston upon Thames with its two indoor shopping centres, thriving market and exciting nightlife. And of course, London is just a short train ride away – opening up a whole universe of entertainment opportunities.


Plot availability

Plot number 25
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £120,000
Full market price £480,000
Monthly rent £825
Monthly service charge £135
Ownership Leasehold
Plot number 26
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £120,000
Full market price £480,000
Monthly rent £825
Monthly service charge £135
Ownership Leasehold

FAQ's

Min share price from: £120,000 for a 25% share
Full price from: £480,000
Minimum deposit from: £4,250
Monthly rent from: £825
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £120,000 for a 25% share to £120,000 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

Paragon Asra Housing
Shared ownership

Starting prices

25% share from
£85,000
Full price
£340,000
Minimum deposit
£4,250
Monthly rent
£584
Monthly service charge
£135