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)

Walker Close, 1 bed homes


Walker Close, London, Ealing, W7 3NB

Shared ownership

Starting prices

25% share from
£62,500
Full price
£250,000
Minimum deposit
£6,250
Monthly rent
£215
Monthly service charge
£182

Overview

One bedroom, ground floor flat, in the London Borough of Ealing, available to buy through Shared Ownership. Full market value £250,000 including £10,000 worth of improvements.  25% share available, share price £70,000.

Eligibility

Priority will go to applicants with a connection to Ealing but all applicants can apply.
This property is restricted to persons aged 60 years and over.

Call 0203 815 1234 to book your appointment.


Local area information

Local transport 

National Rail

Hanwell (0.96km) 


Plot availability

Plot number TBC
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £62,500
Full market price £250,000
Monthly rent £215
Monthly service charge £128

Monthly Fees

Monthly Mortgage: £332.26
Monthly Rent: £215.37
NHHO Service Charge: £182.09
Notting Hill Administration Fee:NA
Council Tax: £106.68

Estimated Total (per month): £729.72 excluding council tax

*Service Charge is payable to Notting Hill Housing.

** The monthly estimated mortgage is based on an interest rate of 4.5 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

Ground floor
Communal entrance, hallway and corridor approach to flat entrance

Ground floor
Living Room with direct access to communal garden, Bedroom, Bathroom with shower cubicle, wash and basin and close coupled
WC

External
Communal garden and resident car parking (not allocated), warden’s office

GIA
53 sq.m. approx (570.48 ft) as per RICS valuation

Accessibility rating
D (easy access)

EPC rating
D

Length of lease
165 Years

Borough
Ealing


FAQ's

Min share price from: £62,500 for a 25% share
Full price from: £250,000
Minimum deposit from: £6,250
Monthly rent from: £215
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £62,500 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.

No, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

25% share from
£62,500
Full price
£250,000
Minimum deposit
£6,250
Monthly rent
£215
Monthly service charge
£182