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 Refinery, 1-3 bed homes


Knights Road, London, Newham, E16 2AT

Shared ownership

Starting prices

35% share from
£111,825
Full price
£319,500
Minimum deposit
£11,183
Monthly rent
£476
Monthly service charge
£140

Overview

Situated in the heart of a rejuvenated Royal Docks and minutes from Silvertown DLR, The Refinery presents a rare opportunity to live amongst one of the biggest and most exciting developments in London's history.  

With a range of one to three bedroom apartments available through Shared Ownership in Newham, The Refinery is not only perfectly placed and perfectly connected, it’s perfectly you.

 

In order to proceed with the shared ownership purchase, we would need you to complete a basic financial assessment.

To complete your Financial Assessment online with TMP Financial, click HERE (if there are fields in the financial assessment form you don't know the answer to, please add TBC in the field).

 

Eligibility criteria

To be eligible for a home at The Refinery, you need to:

  • Have a household income of under £90,000
  • Be unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase.

Local area information

When it was born more than a century ago, Silvertown became an industrial place of invention; one that led the way in a wide variety of industries, including engineering, milling and sugar refining.

Today, Silvertown is reinventing itself, undergoing an incredible regeneration, and already emerging as a truly wonderful community in which to live, work and socialise.

It is rapidly becoming a cultural and creative hub. With The English National Ballet and the London Film School relocating their headquarters here. There are numerous shops, bars and restaurants popping up aplenty to welcome, inspire and serve new residents.

Located between Lyle Park and Thames Barrier Park, the area also boasts one of the longest stretches of open green space along the Thames. So, all in all, life at Silvertown is balanced to perfection.

Situated between Canary Wharf and London City airport, The Refinery is perfect for anyone who wants to live in an interesting and historic dockland location, but with all that London has to offer within fast and easy reach.

The area’s unique riverside location combined with unprecedented investment and new transport links by rail, road and river, has resulted in effortless travel across the capital.

The Refinery is a conveniently short stroll from West Silvertown DLR Station. Trains run westbound to Bank, in just 18 minutes and to Liverpool Street Station within 23 minutes. While eastbound trains to Woolwich Arsenal put London City Airport just 4 minutes away – and the rest of the world on your doorstep.

Neighbouring Canning Town and Custom House is a historic East End neighbourhood which was built to support heavy industry developed outside the boundaries of the City of London in the mid 1800s, around the Royal (Victoria) Dock. 

There are excellent transport links including the Jubilee Line and the DLR, and soon there will be more, with a Crossrail station at Custom House. International links are good too, with the new Stratford International Station close by.

There is also a £3.7 billion area rejuvenation project underway that will be changing the area for the better, physically, socially and economically.

The project will include:

  • two larger, improved town centres;
  • new or improved schools, health, leisure and other facilities for the community;
  • creation of more jobs with training for local people;
  • workspace for small local and emerging enterprises;
  • new shops and office space;
  • improved links and connections between the bus and rail stations and under the A1;
  • better-quality streets and open spaces;
  • investment in infrastructure (transport, roads and so on), services and facilities.

Plot availability

Plot number A4.3
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £111,825
Full market price £319,500
Monthly rent £476
Monthly service charge £140
Ownership Leasehold
Plot number A4.7
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £141,750
Full market price £405,000
Monthly rent £603
Monthly service charge £180
Plot number A3.5
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £143,325
Full market price £409,500
Monthly rent £610
Monthly service charge £180
Ownership Leasehold
Plot number A5.5
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £146,475
Full market price £418,500
Monthly rent £623
Monthly service charge £180
Ownership Leasehold
Plot number A6.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £151,200
Full market price £432,000
Monthly rent £644
Monthly service charge £180
Ownership Leasehold
Plot number A6.5
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £151,200
Full market price £432,000
Monthly rent £644
Monthly service charge £180
Plot number A7.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £152,775
Full market price £436,500
Monthly rent £650
Monthly service charge £180
Plot number A1.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £154,350
Full market price £441,000
Monthly rent £657
Monthly service charge £180
Plot number A8.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £154,350
Full market price £441,000
Monthly rent £657
Monthly service charge £180
Plot number A9.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £155,925
Full market price £445,500
Monthly rent £664
Monthly service charge £180
Ownership Leasehold
Plot number A9.5
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £155,925
Full market price £445,500
Monthly rent £664
Monthly service charge £180
Plot number A10.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £157,500
Full market price £450,000
Monthly rent £670
Monthly service charge £180
Plot number A11.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £159,075
Full market price £454,500
Monthly rent £677
Monthly service charge £180
Plot number A2.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £166,250
Full market price £475,000
Monthly rent £708
Monthly service charge £210
Plot number A2.6
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £166,950
Full market price £477,000
Monthly rent £710
Monthly service charge £210
Ownership Leasehold
Plot number A3.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £167,650
Full market price £479,000
Monthly rent £714
Monthly service charge £210
Ownership Leasehold
Plot number A3.6
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £168,525
Full market price £481,500
Monthly rent £717
Monthly service charge £210
Plot number A4.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £168,525
Full market price £481,500
Monthly rent £717
Monthly service charge £210
Plot number A7.5
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £169,750
Full market price £485,000
Monthly rent £1,112
Monthly service charge £180
Plot number A4.6
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £170,100
Full market price £486,000
Monthly rent £724
Monthly service charge £210
Ownership Leasehold
Plot number A5.4
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £170,100
Full market price £486,000
Monthly rent £724
Monthly service charge £210
Ownership Leasehold
Plot number A5.6
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £171,675
Full market price £490,500
Monthly rent £731
Monthly service charge £210
Plot number A7.3
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £174,825
Full market price £499,500
Monthly rent £744
Monthly service charge £210
Plot number A6.3
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £176,400
Full market price £504,000
Monthly rent £751
Monthly service charge £210
Plot number A9.3
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £177,975
Full market price £508,500
Monthly rent £758
Monthly service charge £210
Plot number A10.3
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £179,550
Full market price £513,000
Monthly rent £764
Monthly service charge £210
Plot number A0.2
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £179,550
Full market price £513,000
Monthly rent £764
Monthly service charge £210
Plot number A11.3
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £181,125
Full market price £517,500
Monthly rent £771
Monthly service charge £210
Plot number A3.7
Tenure Shared ownership
Availability Available
Minimum share 35%
Minimum share price £187,425
Full market price £535,500
Monthly rent £798
Monthly service charge £210
Ownership Leasehold

FAQ's

Min share price from: £111,825 for a 35% share
Full price from: £319,500
Minimum deposit from: £11,183
Monthly rent from: £476
Bedrooms: 1
Bathrooms:

There are 29 available ranging from £111,825 for a 35% share to £187,425 for a 35% 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

Southern Homes
Shared ownership

Starting prices

35% share from
£111,825
Full price
£319,500
Minimum deposit
£11,183
Monthly rent
£476
Monthly service charge
£140