On Trend and In Budget: Finding your perfect home with Shared Ownership
With average home prices and deposits at eye watering levels, first time buyers are often forced to choose between affordability and a spacious, trendy home. Shared Ownership, an alternative route to home ownership, offers first time buyers the opportunity to step onto the property ladder by purchasing a share of their property. Usually requiring lower deposits than purchasing on the open market, Shared Ownership allows buyers to purchase a contemporary, new build without breaking their budget.
Though more accessible than purchasing on the open market, Shared Ownership does not sacrifice style for affordability. Showcasing the best of affordable homes, leading Shared Ownership property portal Share to Buy discusses five of the top homes with contemporary interiors!
The Printworks – Neasden, NW10
Built across four blocks, The Printworks is designed to maximise space and light, with a private courtyard and communal, exterior landscaping. Apartments feature a variety of layouts to meet a range of lifestyles with a clear accent on style, comfort, and convenience. Emphasising the design, each apartment is complete with a private balcony, terrace, or garden. Prices for a 25% share of a one bedroom apartment start from £77,500 (full market value £310,000).
The Refinery – West Silvertown, E16
The Refinery is a collection of 60 one, two, and three bedroom homes available through Shared Ownership in London’s ‘Sugar Mile’ – West Silvertown, E16. In the heart of the rapidly regenerating Royal Docks, apartments at The Refinery feature expansive floor plans that offer the best in open plan living – fully fitted kitchens flow seamlessly into bright and airy living spaces. Prices for one bedroom apartments start from £120,750 for a 35% share (full market value £345,000) and two bedroom apartments start from 157,500 for a 35% share (full market value £450,000).
Ternary Place – Ealing, W5
Ternary Place is a boutique collection of one and two bedroom Shared Ownership apartments in Ealing. The detail-oriented approach to design lends its charm to the grounds while the design of the light and spacious apartments provide a neutral setting to add personal touches. One bedroom apartments start from £123,750 for a 30% share (full market value £412,500).
Greenwich Peninsula – North Greenwich, SE10
Located right in the heart of North Greenwich, L&Q at Greenwich Peninsula offers first time buyers a chance to live in one of London’s highest profile regeneration projects, set along the banks of the River Thames. Offering spacious lateral living, selected one bedroom units are more than 30% larger than the GLA’s minimum space standards, and each home features open plan living spaces that flow seamlessly into high-spec kitchens, complete with integrated appliances and co-ordinating worktops. One bedroom apartments start from £120,000 for a 25% share (full market value £480,000).
Echo @ London City Island – London City Island, E14
Home to resident creatives and local artists, London City Island is a landmark development comprised of 1,600 residential units, along with independent cafes, shops, restaurants and diverse cultural facilities. Apartments in Echo @ London City Island have been designed to combine the perfect balance of comfort and contemporary style and include open plan living and dining areas, fully fitted kitchens and balconies. Prices start from £110,000 for a 25% share of a one bedroom apartment (full market value £440,000).
Are you looking to get on the property ladder in London, the Home Counties or beyond? Check out our search tool to find Shared Ownership and Help to Buy homes in your areas – from there, you can look for homes based off of your own requirements and needs including property type, number of bedrooms, search radius and deposit amount.
* Pricing and availability correct at time of publishing.