Top 10 areas in London for Shared Ownership
London; there’s nowhere else like it. It’s no wonder that it’s taken the top spot in the World’s Best Cities ranking for 10 years in a row. But at the same time, it’s also one of the most expensive cities in the world, so the prospect of buying your first home here can often feel like a pipe dream.
However, there is a way to turn that dream into reality: Shared Ownership. If you’re ready to make the move from renting to owning, it’s time to start your property hunt. So, in no particular order, here are 10 of the most popular areas in London for Shared Ownership.
1. Walthamstow
Walthamstow contrasts a buzzing, creative energy with tranquil pockets of nature. This desirable mix, combined with quick and convenient commuter links into Zone 1, makes it a popular place to buy a Shared Ownership home if you’re seeking a balanced lifestyle in East London.
2. Deptford
Do you want to buy a home in the Borough of Lewisham? Then Deptford could be the neighbourhood for you. Located in TfL Zone 2, near Greenwich and just across the river from the Isle of Dogs, it’s a fast-developing area with lots to offer.
Since 2008, Deptford has been the recipient of major regeneration, with the refurbished Deptford High Street, improved community facilities and new affordable housing, including Shared Ownership homes.
3. Barking
Barking is another area which has undergone significant regeneration in recent years. From the town centre to the riverside, the neighbourhood has been revitalised to make it a modern, vibrant and future-ready place to live. Thousands of new homes are being built as part of the regeneration, including Shared Ownership apartments perfect for both first time buyers and downsizers alike.
4. Hackney
Is Hackney’s creative vibe calling your name? If so, then you should hone your search either on Hackney itself or elsewhere in the borough, like Hoxton or Stoke Newington. As such a sought-after place to live in East London, you can expect to find Shared Ownership new-builds and resales across the borough.
5. Haringey
If you love the idea of buying a home in leafy North London, Haringey could be the place for you. The borough covers areas like Tottenham and Wood Green – neighbourhoods that have seen the arrival of new-build developments with Shared Ownership homes as part of local regeneration projects. Offering a mix of urban convenience and suburban charm, Haringey is well-connected to Central London, making it a wise choice if you regularly commute but also enjoy a relaxed lifestyle.
6. Battersea
Want to live close to Central London and the Thames? Look no further than Battersea. The area has transformed in recent years, thanks to the regeneration of Battersea Power Station into a mixed-use development with new homes, offices, shops and leisure facilities. This, combined with its strategic location and the fact that it’s the cheapest place for council tax in the UK, makes it a desirable area to buy a Shared Ownership home.
7. Acton
If excellent connectivity is high on your list of must-haves, Acton is the place for you. With eight stations providing services to Heathrow, Central London and beyond, you can get to where you’re going from Acton, whether you’re travelling for work, day trips or holidays. Buying a Shared Ownership home here also means you’ll be living in Ealing, one of the greenest boroughs in London.
8. Croydon
Croydon is a self-contained hub in South London, boasting its own identity that can feel quite different from elsewhere in the capital. Whether you’re a young professional, growing family or downsizer, Croydon has everything you need: shops, schools, green spaces and convenient transport links. Shared Ownership homes in Croydon can offer better affordability than more central areas, without compromising on culture or connectivity.
9. Peckham
Feeling inspired by where you live is commonplace in Peckham. This trendy area in the Borough of Southwark is loved for its vibrant art and food scene, creating a rich sense of culture and community. As such, it’s popular among creatives and young professionals. So, if you want to buy a Shared Ownership home in a place full of character, focus your search on Peckham.
10. Tower Hamlets
Want to shave some time off your commute? Buying a Shared Ownership home in Tower Hamlets could be the ideal solution. Living here, whether that’s in Bethnal Green or Bow, puts you in proximity to work hubs like the City of London, Canary Wharf and Stratford. The borough is also full of history, making it a fascinating place to base yourself for the future.
Find your Shared Ownership home in London
Whether you’re team North, South, East or West, you can find your perfect Shared Ownership home in London with Share to Buy. We make your choice easier with a selection of new-build resale properties available through alternative homeownership schemes. Get your home-buying journey underway using our property portal.
