8 shared ownership homes in and around London you can buy with deposits from £3,250

Take your first step onto the property ladder through shared ownership (Picture: Metro/Supplied)

When it comes to deposits on your first home, it’s a surprisingly long way. How does £3,250 sound? 

Even when cutting back on holidays, treats and nights out (and the now legendary avocado on toast) in order to build up your savings, accumulating enough money for a deposit can seem nigh on impossible. 

Industry body UK Finance has revealed that in 2024, for the typical first-time buyer in the south-east of England, purchasing without support from the Bank of Mum and Dad meant coughing up a deposit of nearly £72,000. In London, this figure doubled to just over £145,000. 

Parkside Triangle is an affordable place that offers shared ownership (Picture: Metro/Supplied)

Shared ownership offers a lifeline to aspiring home owners as deposits are much lower: according to Share to Buy, the average down payment on a shared ownership home in the capital is just shy of £28,000. 

However, it really is possible to find a good choice of homes to buy with a deposit of £10,000 or less? These low-cost developments are all within Greater London or easy commuting distance.

SO Resi Henley-on-Thames

Henley-on-Thames, Berkshire, RG9 

Minimum deposit: £3,250

These one and two-bedroom flats are near the centre of this riverside market town and about a mile from the station. 

Parking spaces and terraces or balconies are included, and £1,500 towards moving costs is offered to first-time buyers who reserve by November 21 and complete before Christmas. 

From £32,500 for 10% of £325,000, soresi.co.uk.

Berkshire is a great area to invest in property (Picture: Metro/Supplied)

Lampton Parkside 

Hounslow TW3 

Minimum deposit: £4,157 

Located next to Lampton Park and a few minutes’ walk from Hounslow Central station, these flats come with their own outside space.

The flats have carpet in the bedrooms and Amtico flooring everywhere else, a utility cupboard complete with a washer dryer, and access to a concierge. One-beds are currently available. 

From £83,125 for 25% of £332,500, nhghomes.com.

Just a few minutes walk from Hounslow Central station, Lampton Parkside is a well-connected spot (Picture: Metro/Supplied)

Quartoria

New Barnet, EN4

Minimum deposit £4,562.50

If the idea of living in a leafy suburb with fast transport links appeals, check out this collection of one, two and three-bedroom flats, all with a balcony or terrace. 

Trains run from nearby New Barnet station into Highbury & Islington and Moorgate, and High Barnet Tube station is a short bus ride away. 

From £91,250 for 25% of £365,000, sales.sng.org.uk.

Quartoria’s flats all have a balcony or terrace (Picture: Metro/Supplied)

Beaufort Park

Colindale NW9

Minimum deposit: £4,937

One and two-bedroom flats with balconies and use of communal gardens, in an up-and-coming neighbourhood that’s become a first-time buyer hotspot. 

Supermarkets, bars and restaurants are on the doorstep and Colindale’s Northern line station is in walking distance. 

From £98,750 for 25% of £395,000, placesforpeople.co.uk.

Use of communal gardens is a perk of Beaufort Park (Picture: Metro/Supplied)

Square Roots Lewisham 

Lewisham SE13

Minimum deposit: £5,125

Ready to move into, these one, two- and three-bedroom flats are part of a new riverside quarter with landscaped gardens, play areas, a communal rooftop terrace, shops and office space. 

They’re conveniently just a seven-minute walk from Lewisham station, and all have private outside space. 

From £102,500 for 25% of £410,000, squareroots.co.uk.

Catch beautiful sunsets at Square Roots Lewisham (Picture: Metro/Supplied)

Rockcliffe Square 

Woolwich SE18 

Minimum deposit: £7,319 

Some 300 homes share a site with the London South East Colleges’ (LSEC) upgraded Greenwich campus, which opens next year. 

Ranging from studios to three-bedroom flats, they’re in easy reach of the Thames and three stations – Plumstead, Woolwich Arsenal and Woolwich for the Elizabeth line. 

From £73,188 for 25% of £292,750, lqhomes.com.

Rockliffe Square offers stunning modern interiors (Picture: Metro/Supplied)

Dagenham Green 

Dagenham RM9 

Minimum deposit: £8,100 

Thanks to London’s lowest house prices and great connectivity, buyers are heading east to Dagenham, where a community is being created on the former Ford car plant. 

The one, two and three-bedroom flats have outside space and will be ready for shared owners from spring 2026. Amenities include a concierge, workspace and use of a car club. 

From £81,000 for 30% of £270,000, peabodynewhomes.co.uk.

Dagenham Green has over 3,500 homes (Picture: Metro/Supplied)

Parkside Triangle 

Waddon CR0 

Minimum deposit: £8,125 

One and two-bedroom flats, around green space and adjacent to a park. A leisure centre, station and Ofsted-rated outstanding and good schools and nurseries are within a few minutes’ walk, and you can be in Croydon town centre in 20 minutes.

Living at Parkside Triangle, you’ll be at Croydon town centre in 20 minutes (Picture: Metro/Supplied)

Some homes have parking, and cycle storage and a three years’ car club membership are included. 

From £81,250 for 25% of £325,000, hydenewhomes.co.uk.

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