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)

Willow Lodge, 1-2 bed homes


Riverwell Close, Watford, Watford, WD18 0HY

Shared ownership

Starting prices

25% share from
£69,000
Full price
£276,000
Monthly rent
£443
Monthly service charge
£108

Overview

New Homes in Watford - SHARED OWNERSHIP.

Willow Lodge is a new development of 33 one & two bedroom 1 & 2 bedroom shared ownership apartments situated within Watford’s largest and most exciting regeneration areas, Watford Riverwell.

Shared Ownership is an affordable home ownership scheme which makes it easier for first time buyers to get on the property ladder.

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to. 

Prices are based on a 45% purchase, qualifying criteria applies and is detailed within this listing, alternatively please contact our New Homes team for more details.

Please note: These plots are to the rear of the building in the CGI.


Local area information

This exciting new development will form part of a whole new riverside neighbourhood and is set to include a range of new retail and leisure facilities including a new Primary School, flexible work space areas, a community centre and not forgetting the 4.5 acres of breath-taking open green space to be enjoyed.


Plot availability

Plot number 5
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £69,000
Full market price £276,000
Monthly rent TBC
Monthly service charge £108

There are 23 homes available, consisting of 14 two bedroom and 9 one bedroom apartments, all built to a high standard with quality fixtures and fittings.
Apartment 5 is a ground floor one bedroom apartment measuring 541SQFT. Please note that this property does not come with any parking. The purchase price of £96,600 is based on a 35% share of the property with an additional rental figure payable.

Shared Ownership is an affordable home ownership scheme which makes it easier for first time buyers to get on the property ladder.

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home and pay rent on the remaining share. Later on, you could buy more shares when you can afford to.

To qualify to buy a shared ownership home at Willow Lodge you will need to meet some of the following criteria

1.) You have a gross household income of no more than £80,000 per annum.
2.) You are unable to purchase a suitable home to meet your housing needs on the open market.
3.) You currently live and work in Watford and have done so for the past 12 months, or
4.) You Live in Watford (please note priority will be given to Hospital workers)
5.) You are employed in Watford for at least 24 hours a week and have been for the last 12 months. 
(please note priority will be given to purchasers employed at the Hospital)
6.) Have family (parents, adult siblings, adult children) living in Watford.

Call our New Homes team for more details.

Please note: These plots are to the rear of the building in the CGI.

 

Plot number 18
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £71,500
Full market price £286,000
Monthly rent TBC
Monthly service charge £108

New Homes in Watford - SHARED OWNERSHIP

Willow Lodge is a brand new development of stylish One & Two bedroom apartments located at Watford’s exciting Riverwell development and all available to purchase through Shared Ownership.
 
There are 23 homes available, consisting of 14 two bedroom and 9 one bedroom apartments, all built to a high standard with quality fixtures and fittings.
Apartment 18 is a third floor one bedroom apartment measuring 542SQFT. Please note that this property does not come with any parking. The purchase price of £128,700 is based on a 45% share of the property with an additional rental figure payable.

Shared Ownership is an affordable home ownership scheme which makes it easier for first time buyers to get on the property ladder.

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home and pay rent on the remaining share. Later on, you could buy more shares when you can afford to.
 
To qualify to buy a shared ownership home at Willow Lodge you will need to meet some of the following criteria

1.) You have a gross household income of no more than £80,000 per annum.
2.) You are unable to purchase a suitable home to meet your housing needs on the open market.
3.) You currently live and work in Watford and have done so for the past 12 months, or
4.) You Live in Watford (please note priority will be given to Hospital workers)
5.) You are employed in Watford for at least 24 hours a week and have been for the last 12 months. 
(please note priority will be given to purchasers employed at the Hospital)
6.) Have family (parents, adult siblings, adult children) living in Watford.

Please note: These plots are to the rear of the building in the CGI.

Plot number 25
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £91,000
Full market price £364,000
Monthly rent TBC
Monthly service charge £113

New Homes in Watford - SHARED OWNERSHIP.

Willow Lodge is a brand new development of stylish One & Two bedroom apartments located at Watford’s exciting Riverwell development and all available to purchase through Shared Ownership.
 
There are 23 homes available, consisting of 14 two bedroom and 9 one bedroom apartments, all built to a high standard with quality fixtures and fittings.
Apartment 25 is a fourth floor two bedroom apartment measuring 655 SQFT. The purchase price of £163,800 is based on a 45% share of the property with an additional rental figure payable.

Shared Ownership is an affordable home ownership scheme which makes it easier for first time buyers to get on the property ladder.

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home and pay rent on the remaining share. Later on, you could buy more shares when you can afford to.
 
To qualify to buy a shared ownership home at Willow Lodge you will need to meet some of the following criteria

1.) You have a gross household income of no more than £80,000 per annum.
2.) You are unable to purchase a suitable home to meet your housing needs on the open market.
3.) You currently live and work in Watford and have done so for the past 12 months, or
4.) You Live in Watford (please note priority will be given to Hospital workers)
5.) You are employed in Watford for at least 24 hours a week and have been for the last 12 months. 
(please note priority will be given to purchasers employed at the Hospital)
6.) Have family (parents, adult siblings, adult children) living in Watford.

Call our New Homes team for more details.

Please note: These plots are to the rear of the building in the CGI.

Plot number 21
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 25%
Minimum share price £97,250
Full market price £389,000
Monthly rent TBC
Monthly service charge £113

New Homes in Watford - SHARED OWNERSHIP

Willow Lodge is a brand new development of stylish One & Two bedroom apartments located at Watford’s exciting Riverwell development and all available to purchase through Shared Ownership. 

There are 23 homes available, consisting of 14 two bedroom and 9 one bedroom apartments, all built to a high standard with quality fixtures and fittings.
Apartment 21 is a third floor two bedroom apartment measuring 758SQFT. The purchase price of £175,050 is based on a 45% share of the property with an additional rental figure payable.
Shared Ownership is an affordable home ownership scheme which makes it easier for first time buyers to get on the property ladder.

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home and pay rent on the remaining share. Later on, you could buy more shares when you can afford to.
 
To qualify to buy a shared ownership home at Willow Lodge you will need to meet some of the following criteria

1.) You have a gross household income of no more than £80,000 per annum.
2.) You are unable to purchase a suitable home to meet your housing needs on the open market.
3.) You currently live and work in Watford and have done so for the past 12 months, or
4.) You Live in Watford (please note priority will be given to Hospital workers)
5.) You are employed in Watford for at least 24 hours a week and have been for the last 12 months. 
(please note priority will be given to purchasers employed at the Hospital)
6.) Have family (parents, adult siblings, adult children) living in Watford.

Call our New Homes team for more details.

Please note: These plots are to the rear of the building in the CGI.


FAQ's

Min share price from: £69,000 for a 25% share
Full price from: £276,000
Bedrooms: 1
Bathrooms: 1

There are 4 available ranging from £69,000 for a 25% share to £97,250 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

Imagine Living
Shared ownership

Starting prices

25% share from
£69,000
Full price
£276,000
Monthly rent
£443
Monthly service charge
£108