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)

Wilson Court, 2 bed homes


Allenby Road, Thamesmead, Greenwich, SE28 0AL

Shared ownership

Starting prices

40% share from
£114,000
Full price
£285,000
Minimum deposit
£11,400
Monthly rent
£402
Monthly service charge
£133

Overview

Available through a shared ownership resale scheme, a well-presented third floor, two-bedroom apartment situated in a popular residential area of Thamesmead, London and close to amenities.

Property description:

A spacious, top floor two bed flat situated in close proximity to the upcoming Crossrail and Woolwich Works developments on the Royal Arsenal. The main bedroom has an ensuite with toilet, sink and shower, with the other bedroom being directly opposite a spacious bathroom with bath & shower. Both bedrooms are sizeable and can accommodate double beds. 

- Kitchen/living area open plan.

Additional information: Allocated parking space. (Permit required)

Length of Lease: TBC

Gross Internal Area: 65m2

 FINANCIAL INFORMATION

 Property Value = £285,00

 Percentage Share = 40%

 Share Price = £114,000

 Monthly Rent = £401.91

 Monthly Service Charge = £132.59

 Monthly Mortgage Payment = £570*

 Household Income Required = £39,000

Contact us now to arrange a viewing: 

Call 0345 606 1221 or email info@hydenewhomes.co.uk.  Please ensure you are registered and approved for shared ownership by completing our application at www.hydenewhomes.co.uk/apply. 

 

 


Local area information

Even while you await the completion of Crossrail, the existing transport links are plentiful.  Located within approximately ten to fifteen-minute walk are many bus and train services.  Woolwich Arsenal DLR provides connections in to the City and Stratford via London City airport, and Plumstead and Woolwich Arsenal National Rail stations provide access to Thameslink services and an alternative route in to the city.  Or if you fancy swapping the hustle and bustle of trains for a river commute, Thames Clipper boat services can be accessed from the nearby Woolwich Arsenal pier.  
  

Access to outdoor recreation is also not in short supply.  The nearby Thames Path provides walking, running and cycling routes in to Greenwich, Erith and beyond, and local green spaces such as Plumstead Common, Lessness Abbey, Danson Park, Greenwich Park and Blackheath are all accessible, albeit slightly further afield.
  

The Royal Arsenal development already provides a small selection of local pubs, shops and a café, with the Woolwich Works project hoping to expand what is on offer locally, creating theatres, dance studios and places to eat.  This development hopes to drive Woolwich towards being the capitals next landmark cultural destination. Local services on, or in close proximity to, the development include nurseries, a pharmacy, GP surgery and also OFSTED rated good and outstanding schools.
 


Housing Provider

Hyde New Homes
Shared ownership

Starting prices

40% share from
£114,000
Full price
£285,000
Minimum deposit
£11,400
Monthly rent
£402
Monthly service charge
£133