THE 5 BEST shared ownership properties in Essex for 2020

Top 5: Shared ownership in Essex

Newhall, Harlow

Look to this development in Harlow and you can find yourself a real bargain in the property stakes – the Essex town is thought to be one of the best-value places to relocate to. Whether you’re looking to escape the clamour of the Big Smoke as a family, or dying to invest in your own place, Newhall has a mixture of beautifully designed three and four-bedroom homes that are real headturners. Location-wise, you’re within minutes away from Harlow's town centre with a wide range of amenities. These include a cinema, theatres, the Water Gardens, shopping malls and vibrant pubs and restaurants. In addition, there are multiple fine educational establishments close to home. The nearby Harlow Town Station will connect you to London Liverpool Street in just half an hour. By road, the development is well-connected with the  M11, A1 and A414 in easy reach and Stansted Airport is just 15 miles away, ideal for when you’re travelling internationally.

Plantation Road, Chelmsford

Fresh on the housing scene is Greenfields on Plantation Road with slick semis that’ll excite any shared-ownership-seeker. Inside, interiors are pared back and uncluttered with a neutral colour palette, modern kitchens and plush bathrooms, plus there’s space for two parked cars. Buy here and you’ll be in the leafy village of Boreham – the antithesis of London, it’s a low-key, unfussy sort of place that earns the love from people looking for countryside charm. It’s also minutes away from family-favourite Chelmsford with its excellent schools and fast rail services into London Liverpool Street.

City Park West, Chelmsford

The so-called ‘capital’ of Essex has always been one to watch for homebuyers. It might not have the pizazz of say, Brighton, or the character of Oxford, but it’s got real appeal for families and couples – packed with well-loved neighbourhood haunts, pretty architecture, and some of the best schools in the country. Adding a vibrant new hub is City Park West – a collection of contemporary and spacious one- and two-bedroom apartments within the reimagined Anglia Ruskin University site. And from what we’ve heard, they’ve been dazzling the critics. The good news for commuters? Chelmsford rail station is a short walk away with quick links to London Liverpool Street; Stansted and Southend Airports are just half and hour’s drive away; and nearby Shenfield will be on the Elizabeth Line (Crossrail).

Limebrook, Maldon

Maldon is all about gazing at bobbing boats, cosying up in waterside pubs, and beavering around its historic centre. Pitched on the Blackwater Estuary, it’s one of those pretty little old towns that’s rightfully gained a reputation as a desirable commuter hotspot – surrounded by bucolic countryside and bucket-and-sand beaches, and with direct links to Liverpool Street (in around 45 minutes). New to the town is this development – a handful of apartments and semis, framed with green space and backed with private gardens. Looking for family stuff? It’s just a few minutes from Promenade Park – a retro seasidey spot where families graze on fish and chips and kids jump on mini fairground rides.

Radwinter, Saffron Walden

For anyone who thinks Essex is all fizz-quaffing glamourpusses and beauty salons, then think again. The country has some knockout countryside, glorious coastlines and thriving little centres. Take Saffron Walden – a peaceful market town with atmospheric winding alleys and miles of rolling hills beyond its fringes. And this new-kid-on-the-block is found right here, with its upmarket and thoughtfully designed new homes – a real steal for anyone looking for shared ownership in Essex. Interiors are all white-washed walls, smart wooden flooring and kitchens you’ll want to pimp up and add to your Instagram grids.

Cross rail connections

Finding your first home might seem like a daunting process, that’s why here at Property Booking we aim to make your search for property for shared ownership in Essex as effortless as possible.

Part-buy Part-rent

Shared Ownership, sometimes known as part-buy part-rent, is a Government-backed scheme which enables you to buy a share of a new property. The share you buy is usually between 25% and 75%. You then pay a low, subsidised rent on the remaining share you don’t own.

This means that the amounts you need for a deposit and for your mortgage repayments are significantly lower than if you were buying outright. You borrow only what you can afford to repay.

We showcase a large variety of properties available for shared ownership in Essex, including properties for sale in the boroughs of Benfleet, Brentwood, Buckhurst Hill, Dunmow, Grays, Harlow, Harwich, Maldon, Newport, Saffron Walden, Shoeburyness, Southend-on-Sea, Stanford Le Hope and Wickford. With all this variety you are sure to find something to your taste.

Commuter links to London

One of the great things about living in Essex is that our amazing capital is right on the doorstep. The county is served by an outstanding rail network and local bus routes. It has accessible travel options from all over the UK and Europe, and is well served by major roads including the M25 and M11. The A12 has a number of key roads that connect you to a variety of towns in Essex including Colchester, Chelmsford and Brentwood. 

The main-line rail links provide fast and frequent services into Central London, getting you from Newport to London Liverpool Street in a little over and hour. The Stansted Express, which is the quickest route between Stansted Airport and Central London takes around 47 minutes, perfect for professionals working in London. In addition the county is also home to the local airports of Stansted and Southend.


Who can buy a home with shared ownership in Essex?

The eligibility criteria for shared ownership in Essex is simple; as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify.

Your annual household income (that’s both yours and your partners’ if buying together) for shared ownership in Essex can’t exceed £80,000.

There are currently no age restrictions. It doesn’t matter what you do for a living. Buying on your own, with a partner or friend or you have children, there could be a home just for you.

How much in savings will I need to buy with shared ownership in Essex?

Shared ownership in Essex is much more affordable than buying outright, however you’ll still need a mortgage deposit. This is usually a minimum of 5 or 10%, based on the value of the share, not the full market value.

So, if you were buying a 25% share of a £250,000 home for £75,000, you’ll need to have a minimum of £3,750 (5% of £75,000) for your mortgage deposit. 

You’ll also need savings to cover initial purchase costs such as mortgage and solicitors fees; this is normally around £3,000.

To reserve your chosen home, you’ll also need to pay a reservation fee. This is usually between £250 and £500. 

Do I have to apply for shared ownership in Essex?

Registering with Property Booking will mean you can directly apply for shared ownership homes across Essex; we’ll even do some initial affordability checks too! 

It’s completely free to register and we’ll also send you alerts of homes you’ll be interested in if you want us to.