Get in quick: shared-ownership homes in London hotspots, from Kennington to Old Street, via Bermondsey and the Docklands

From Old Street to Deptford, thousands of new homes are offering first-time buyers a chance to get on the property ladder. We search the capital for autumn’s crop of shared-ownership homes...
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Want to buy in Zone 1 and walk to work? Are you desperate to live in one of the coolest parts of London? Are you Keen on investment potential? Or do you need a family house rather than a starter flat?

As Shared Ownership Week gets into full swing, this autumn’s crop of shared-ownership sales offers proof that there are some brilliant opportunities out there if you know where to start looking.

There are few locations as fashionable as Bermondsey, and Notting Hill Housing has one-, two- and three-bedroom apartments at Abbey House, a short stroll to the bars and restaurants of Bermondsey Street, as well as Tate Modern and Bankside. Bermondsey station (Jubilee line) is in Zone 2.

Notting Hill Housing’s Katie Bond says: “It is important to bring affordable housing to Londoners who want to live in exciting central locations.” But this is also why homes at Abbey House are more expensive than those in outlying areas, though still much cheaper than anything you would find in an estate agent’s window. Prices from £176,000 for a 40 per cent share of a one- bedroom flat.

READ MORE: The definitive shared-ownership guide

For buyers who prefer a north London vibe there’s Regent Apartments in Wenlock Road, N1. Within walking distance of Islington and the nascent tech city at Old Street, the development is within the Regent’s Canal conservation area, and 10 minutes’ walk from Old Street station (Northern line, Zone 1). Two-bedroom apartments start at £232,000 for a 30 per cent share through Site Sales.

The Kennington “triangle”, a tangle of streets between Lambeth North, Vauxhall and Kennington underground stations, was recently identified as a key area of price-growth potential in central London.

Billions of pounds of developer investment has poured into the area in the past four years. One of the area’s most inventive new schemes has been Baylis Old School, a £60 million reboot of a Grade II-listed secondary school site which had lain empty for almost a decade.

Guinness Homes is handling the shared-ownership element of the site, designed by Conran and Partners, and has one-bedroom flats priced from £96,250, while two-bedroom apartments are from £127,500 (both for a 25 per cent share).
East Plaza: £131,875 for a 25 per cent share of a three-bedroom flat at East Plaza tower in Stratford (East Thames)

Canary Wharf and the Isle of Dogs are busy with development, and where there are lots of new homes going up, there is also a shared-ownership opportunity.

Housing association Genesis is selling one- and two-bedroom apartments at the Jessops building at New Providence Wharf. The development is within walking distance of Canary Wharf and Blackwall DLR station (Zone 2).

A 25 per cent share of a one-bedroom flat starts at £95,563. Two-bedroom flats start from £121,250.
£96,250: for a 25 per cent share in a one-bedroom flat at Baylis Old School in Kennington (Guinness Homes)

A time-honoured way of making money out of property is to buy near planned transport links, and by 2018 homes in Harold Wood, Havering, will enjoy direct services to the City, Heathrow and central London courtesy of Crossrail. So far, the Crossrail bounce has not arrived in Harold Wood — according to one recent study, prices have risen only one per cent since the start of 2013. This, however, means that the potential is still out there and you currently get a lot of bang for your buck.

East Thames Group has three-bedroom townhouses for sale from £106,875 for a 25 per share. The development is named Kings Park — the area was once King Henry VIII’s hunting grounds, though now thoroughly built over with Thirties housing.

Plus points include the area’s quiet suburban feel (maybe too quiet for some). Schools are mixed, but Harold Court Primary and Redden Court School (seniors) are both rated good by Ofsted.

Families could also do well to consider Banbury Park, a £70 million development in Walthamstow for Centra Living, which will launch later this year with three- and four-bedroom family homes in the mix, as well as flats for singles and couples.
The development is moments from Roger Ascham Primary School, William Morris School and Walthamstow Academy, all rated good by Ofsted, and also an easy walk to the vast expanses of Lee Valley Park.

The nearest station, Blackhorse Road (Victoria line, Zone 3), is about a mile and a half away, but there is a regular bus service.

The 76 shared-ownership homes on offer are part of an impressive development that will also include shops and cafés.

Prices range from £148,500 for a 50 per cent share in a one-bedroom flat to £232,500 for a 50 per cent share of a four-bedroom home.
Greenwich Peninsula: L&Q's new homes

In Docklands, on the south side of the river, L&Q last weekend launched homes at Greenwich Peninsula priced from £90,000 for a 25 per cent share of a one-bedroom flat. This is the chance to get in early on a truly mighty regeneration — 10,000 new homes are coming to 190 acres of former marshland. The area is already showing signs of creating an identity of its own. British chef Stevie Parle has opened his Craft London café and bar, left and inset, and the 02 is around the corner. North Greenwich station has great links to Canary Wharf, the City and Waterloo.

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