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)

The Place, 1-2 bed homes


Station Road, New Southgate, Enfield, N11 1QH

Shared ownership

Starting prices

25% share from
£97,500
Full price
£390,000
Minimum deposit
£4,875
Monthly rent
£670
Monthly service charge
£109

Overview

This brand new shared ownership development at New Southgate comprises of 16 one, two and three bedroom apartments, available on a shared ownership basis.

Every home will enjoy its own outside terrace, balcony or winter garden. These shared ownership homes are designed to minimise energy usage and deliver sustainability with a level 4 Code for Sustainable Homes. Each home will have individual gas boilers and heating systems for separate control of heating costs. Solar PV’s are to be installed on the roof to power communal electrics.


Local area information

Located just minutes from New Southgate station, this development is within easy reach of central London whilst benefitting from being close to plenty of parks and green spaces.

Finsbury Park - 10 mins by train
Moorgate -30 mins
Kings Cross - 30 mins
Oxford Street - 30 mins 


Plot availability

Plot number 43
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share price TBC
Full market price £390,000
Monthly rent TBC
Monthly service charge TBC

FAQ's

Prices are not available yet for The Place but you can register your interest to be notified when prices become available.

Plot breakdowns are not available yet for The Place but you can register your interest to be notified when prices become available.

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

Starting prices

25% share from
£97,500
Full price
£390,000
Minimum deposit
£4,875
Monthly rent
£670
Monthly service charge
£109