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 Reach SO, 1 bed homes


Thames Reach Road, Thamesmead, Greenwich, SE28 0NY

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Shared ownership

Starting prices

25% share from
£68,750
Full price
£275,000
Minimum deposit
£8,250
Monthly rent
£473
Monthly service charge
£155

Overview

ALL HOMES NOW RESERVED

The Reach is a flagship collection of modern Shared ownership homes in West Thamesmead. 

The thoughtfully designed, pet-friendly homes at The Reach have been carefully created, making use of spacious living areas and modern specifications; all finished to a high standard.

Practically placed for London living, train journeys into Central London are approximately 30 minutes, and even closer for Canary Wharf or London City Airport.


Local area information

The Reach is ideally located within the iconic Thamesmead district.

Thamesmead has evolved into an exciting town centre. With more than £1 billion invested in the regeneration of Thamesmead, the area has seen a major influx of new leisure, cultural and commercial facilities – with The Reach ideally positioned at its core.

Located in Thamesmead, The Reach, is connected to the best of South East London With Abbey Wood to the east, Blackheath to the south and Greenwich to the west. Central London is easily accessible, as part of a burgeoning transport network.

Cosmopolitan and engaged, with a spirited community – the future of Thamesmead is bright.


FAQ's

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

Plot breakdowns are not available yet for The Reach SO 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

Peabody
Shared ownership

Starting prices

25% share from
£68,750
Full price
£275,000
Minimum deposit
£8,250
Monthly rent
£473
Monthly service charge
£155