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)

Westminster Bridge Road, 2 bed homes


Westminster Bridge Road, Lambeth, Lambeth, SE1 7XT

Shared ownership

Starting prices

25% share from
£117,500
Full price
£470,000
Minimum deposit
£5,875
Monthly rent
£1,011
Monthly service charge
£192

Overview

Key Features

Two bedroom flat
Second Floor flat
Double Glazing
Modern open plan interior
Central London location
Video entry system
Fitted kitchen
Communal garden
Available for 25% share


Available for £117,500 for 25% share based on the marketing figure of £470000

SO Resi Monthly Payment - £1011.21
Monthly Service Charge - £192.29
Total Monthly Charge - £1203.50 PLUS MORTGAGE REQUIRED FOR 25% SHARE
Minimum Income Required- £47,693

Property details:

Hallway:

Kitchen:
2.344m x 1.996m

Reception:
3.398m x 3.778m

Bathroom with WC:
1.747m x 1.891m

Bedroom 1:
31.99m x 3.748m

Bedroom 2:
1.804m 3.772m

External:

Secure parking space
Communal garden

EPC Rating:

Energy Rating Band - C
Environmental Impact Rating Band - C

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Local area information

Close to Lambeth North tube station 50 yards. Saint Thomas Hospital is 0.5 miles away, close to schools.


Housing Provider

SO Resi
Shared ownership

Starting prices

25% share from
£117,500
Full price
£470,000
Minimum deposit
£5,875
Monthly rent
£1,011
Monthly service charge
£192