Finding Your Outdoor Oasis in the capital with Shared Ownership
Check out five of the top first time buyer homes in Greenwich, Haringey, Islington, Lambeth and Newham
As the weather warms up and the days grow longer, more of us will head outside to relax after work or during weekends. With outdoor entertaining ramping up and the easing of restrictions allowing more household mixing, a home with a private outdoor space is at the top of many first time buyer wish lists. A recent survey from Share to Buy and Peabody reports that a private balcony or terrace is a top priority for 46% of Londoners on the hunt for a new home.
However, this perfect outdoor entertaining space may feel out of reach for many in the capital.
Alternative home ownership schemes, such as Shared Ownership, help to open up the property ladder for budding buyers that may be priced out of the traditional, open market. By offering eligible first time buyers the opportunity to purchase a percentage share of a property, rather than the full value of the property, buyers are able to take a step toward home ownership with an abode that ticks all of their boxes without having to break the bank.
Highlighting the best in affordable homes, Share to Buy have rounded up five of the top Shared Ownership developments currently listed on their portal that put a home complete with private outdoor space within reach of first time buyers.
The Patchworks, Finsbury Park
The Patchworks by Peabody is a collection of two and three bedroom apartments located in the heart of Islington’s vibrant community. All apartments have large windows, flooding homes with natural light. Contemporary touches include stylish kitchens with integrated appliances, spacious bedrooms, and select apartments are complete with full-size or Juliet balconies. All residents benefit from access to a roof-top garden. It’s a perfect place to take the office al fresco or get to know your new neighbours. At The Patchworks, prices start from £151,250 for a 25% share (full market value £605,000).
L&Q at Greenwich Square, Greenwich
Built around a new public square in the historic Royal Borough of Greenwich, L&Q at Greenwich Square offers a collection of contemporary one, two, and three bedroom Shared Ownership apartments each complete with their own private balcony or terrace. In addition to the public square, residents are well placed to enjoy a lush courtyard filled with plants and mature trees. At L&Q at Greenwich Square, prices start from £96,250 for a 25% share of a one bedroom home (full market value £385,000).
SO Resi Clapham Park, Clapham
SO Resi Clapham Park is a collection of one and two bedroom apartments, designed to offer comfort and space. Bright and airy living areas create the heart of the home while stylish but durable kitchens create the perfect space to prepare for family meals or dinner parties. In addition to spacious balconies, the development is built around thoughtfully designed green spaces, offering residents plenty of opportunities to enjoy their community. Prices at SO Resi Clapham Park start from £142,250 for a 25% share (full market value £569,000).
The Refinery, West Silvertown
The Refinery by Southern Home Ownership is a superb collection of two and three bedroom apartments available through Shared Ownership in the rapidly regenerating West Silvertown. All homes are ready to move in now and are built to a high specification with contemporary open floor plans maximising the internal space. In addition to private balconies or terraces to every home, residents are also able to enjoy a spacious rooftop garden. Prices at The Refinery start from £101,250 for a 25% share (full market value £405,000).
The Folium, Muswell Hill
The Folium by Catalyst New Homes is a collection of 59 one to three bedroom apartments available to purchase through Shared Ownership. The development is located close to Coppett’s Wood, a 36-acre conservation site, and has been designed to celebrate the green setting with extensive landscaping and green pockets incorporating mature trees, green spaces and planting. Homes are built to Catalyst’s customary high standard, each with fully integrated appliances, with all homes offering a private balcony, terrace or garden. Prices at The Folium start from £167,000 for a 40% share (full market value £417,500).
Information and pricing correct as of 14/05/2021.
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.