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%.

Turnberry Quay


Turnberry Quay, Canary Wharf, Tower Hamlets, E14 9RD

Shared ownership
1-2 bedroom homes
25% share from
£130,000
Full price
£520,000
Minimum deposit
£19,500

Overview

Situated a stone’s throw from Crossharbour DLR, Wood Wharf and on the water’s edge between Millwall Inner and Outer Docks, Turnberry Quay is in a tranquil yet accessible part of east London these apartments are available through shared ownership. With Canary Wharf and the Jubilee Line just three stops away on the DLR, central London and the City are both within easy reach of home.

The introduction of Crossrail means this area is developing into a transport and lifestyle hub, with an impressive new station, plus shops, bars and restaurants all in one place. Soon there will be even more to love about living the London life at Turnberry Quay.


Local area information

Love the idea of living by the water but still want to be close to the city? Turnberry Quay enables you to revel in the very best of both worlds. You can enjoy life in a chic waterside district and still be just minutes from the buzz of the capital.

Located on the water’s edge in London’s Docklands, the area boasts a huge array of amenities right on your doorstep, including cafes, restaurants and a supermarket within just a short walk. The striking Turnberry Quay building also features shops and restaurants at its street level.


Plot availability

Plot number 10.01
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £130,000
Full market price £520,000
Monthly rent £894
Monthly service charge £204

General

Private balconies to all apartments

12-year NHBC warranty

Communal heating system

Free-standing Zanussi washer dryer in hall cupboard

Video handset entry system

Communal cycle storage

Access to Hyperoptic (subscription required)

 

 

Bathroom and En-Suite

Ceramic tiles to floor and walls

White bathroom suite including back to wall WC with concealed cistern, hand basin and bath

Chrome plated thermostatic bath/shower mixer tap

Glass shower screen

Chrome single lever basin mixer tap

Chrome plated heated towel rail

Mirror over wash hand basin

 

 

Kitchen

‘Gloss cashmere’ colour kitchen units by Manhattan with brushed chrome effect handles

‘Ipanema white’ colour worktop by Manhattan with matching upstand and stainless steel splashback behind hob

Zanussi integrated appliances including oven, ceramic hob, chimney hood and fridge freezer

One and a half bowl stainless steel sink with chrome mixer tap

Low energy downlights to ceiling plus triangular downlights under cabinets

 

 

Finishes

White walls and ceilings

Oak engineered wood flooring through living room, kitchen and hallway

80/20 carpet to bedrooms in ‘dormouse’ colour

Low energy downlights to living room and kitchen

Built-in mirror fronted wardrobes to master bedrooms


FAQ's

Min share price from: £130,000 for a 25% share
Full price from: £520,000
Minimum deposit from: £19,500
Monthly rent from: £894
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £130,000 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

Family Mosaic
Shared ownership
1-2 bedroom homes
25% share from
£130,000
Full price
£520,000
Minimum deposit
£19,500