Shared Ownership is designed to make buying a home in London more achievable by letting you buy a share of a new home and pay rent on the remaining share.
In this guide, we’ll show what different monthly budgets could get you across Peabody New Homes developments in London using four simple price brackets: £1,200, £1,500, £1,800, and £2,100 a month.
These figures are designed as an easy starting point and will include your monthly mortgage on the share you buy, plus rent on the remaining share and any service charge.
Table of Contents
- How affordability is assessed
- What you can afford through Shared Ownership
- Shared Ownership homes from £1200/month
- Shared Ownership homes from £1500/month
- Shared Ownership homes from £1800/month
- Shared Ownership homes from £2100/month
- Benefits of buying a Shared Ownership home with Peabody
- Energy-efficient homes
- Homes in great locations
- Lower upfront costs
- Browse all our Shared Ownership homes
Summary Table
| Monthly budget | Developments |
|---|---|
| ~£1,200/month | Dagenham Green · Southmere · Lombard Square |
| ~£1,500/month | The Verdean · The Aviary · Fish Island Point · North Gate Park · West Ham Village |
| ~£1,800/month | Southmere · Dagenham Green · KEWB · Zone · North Gate Park |
| ~£2,100/month | Zone · One Clapham · Southmere · KEWB · Fish Island Point |
How is affordability assessed for Shared Ownership?
When you buy through Shared Ownership, affordability is assessed in two key ways:
- Mortgage affordability (your lender): based on your income, credit history, existing commitments and the rate/term offered.
- Shared Ownership affordability (the housing provider): to check that the combined cost of mortgage + rent + service charge is sustainable for you.
In practical terms the monthly budget you can stretch to depends on:
- Your household income (in London, Shared Ownership is for households earning under £90,000 a year),
- Your deposit,
- The share you buy (often 25% - 75%),
- Ongoing costs like service charges (common in apartment buildings).
If you’re early in your search, it can help to sense‑check your position with an affordability calculator and speak to a mortgage advisor.
What you can afford in London with Shared Ownership
Shared Ownership homes from £1,200/month
If you’re aiming for around £1,200 a month, you’re typically looking at the most affordable Shared Ownership homes in the mix – usually 1‑bed apartments (and occasionally 2‑beds).
The trade‑off can be a smaller space, fewer central locations, and tighter availability.
What £1,200/month tends to get you:
- Mainly 1‑bed apartments (sometimes 2‑bed in lower‑priced areas)
- Often 30% shares at lower purchase prices, or 25% shares where prices are more moderate
- Practical homes designed for first‑time buyers, often in regeneration areas with good transport and amenities
Examples from Peabody New Homes:
- Dagenham Green has some of the lowest monthly costs – starting from £1,007/month (1‑bed, 30% share), and several other 1‑beds clustered around £1,045 – £1,122/month.
- Southmere in Thamesmead sits neatly in the entry range, with 1‑beds from £1,175/month (25% share).
- Lombard Square in Plumstead also has options close to this tier, from £1,213/month (1‑bed, 30% share).
Shared Ownership homes from £1,500/month
If £1,500 a month is within your budget, you’re moving into a band where choice starts to widen.
This is also where some 2‑beds begin to come into reach, either because the overall purchase price is lower, or because the share/rent mix keeps monthly costs stable.
This is often the sweet spot for buyers who want a bit more flexibility on space, layout or development quality, while keeping the monthly figure manageable.
What a budget of £1,500 per month tends to get you:
- Mostly 1‑bed or 2‑bed homes
- Commonly 25%, with 30% also showing up
- Modern layouts and sometimes stronger on‑site amenities
How this shows up across the developments in your guide (development‑level ranges):
- The Verdean in Acton sits neatly in this band, with 1‑bed homes around £1,400 to £1,435/month (typically 25% shares).
- Outside of London, The Aviary in Oxford overlaps strongly with the £1,400 tier, with 2‑bed homes starting around £1,346/month and many clustered around £1,390–£1,416/month (often 25% shares).
- Fish Island Point in Hackney Wick has 1‑bed homes that cost around £1,382–£1,439/month (often at 30% shares).
- In Haringey, North Gate Park includes 1‑bed homes around £1,351–£1,396/month (typically 25% shares).
- West Ham Village in Newham spans into and beyond this band, with monthly costs for 1‑bed homes starting in the mid £1,300s and rising into the £1,600s.
Shared Ownership homes from £1,800/month
If your budget is around £1,800 a month, homes will come with more space and more variety.
Many 2‑bed apartments are a realistic option, and in some cases even 3‑beds (depending on the development and share percentage).
What ~£1,800/month tends to get you:
- Mostly 2‑beds, with some 3‑beds starting to appear
- Commonly 25% or 30% (30% is often where larger homes start to become possible)
- Modern layouts, larger homes
Examples of homes you can get through Shared Ownership:
- Southmere offers 2‑beds from ~£1,630/month up to ~£1,963/month (typically at 30% share).
- Dagenham Green stretches into this tier with 3‑beds from ~£1,702/month up to ~£1,805/month (at 30% share) – meaning £1,800 can start to bring family‑sized homes into reach in some locations.
- KEWB in Brentford spans a wider range overall, with 2‑beds running from ~£1,612/month up to ~£2,087/month.
- Zone in Oval is generally positioned higher: studios start from ~£1,675/month, but 1‑beds begin around ~£1,955/month and 2‑beds from ~£2,095/month.
- North Gate Park has 2‑beds around ~£1,635–£1,729/month, and 3‑beds around ~£1,976–£1,977/month, so £1,800 can sit between its larger 2‑beds and its 3‑beds.
Shared Ownership homes from £2,100/month
If you can stretch to around £2,100 a month, you will have all of Peabody New Homes’ Shared Ownership homes to choose from throughout the capital, including larger 2‑bed and 3‑bed homes.
What Shared Ownership homes from £2,100 a month tend to get you:
- 2‑beds at the higher end, plus more 3‑bed options.
- Still often shares from 25%, though 30% appears where larger homes are available.
- Modern layouts, more space, and often great amenities such as gyms and concierge services.
How this shows up across the developments in your guide:
- Zone at Oval sits firmly at the top end overall, with 2‑bed homes clustering around ~£2,095 - £2,144/month.
- One Clapham in Battersea also concentrates at the upper end for larger apartments, with 2‑bed homes from £2,095/month.
- Southmere reaches into this tier through its larger homes, with 3‑beds around ~£2,033 - £2,105/month.
- KEWB extends into this premium band, with larger homes rising to ~£2,087/month.
- Fish Island Point reaches the high end with larger homes around ~£2,014 - £2,022/month.
Benefits of buying through Peabody
Our homes are designed to support everyday life, with a focus on quality, affordability and long‑term value.
We reinvest our profits back into communities across London and the Home Counties, helping people and neighbourhoods flourish.
Energy‑efficient new homes
Peabody new build homes are designed to modern standards and built with energy efficiency in mind.
Our homes are more energy efficient than older properties - 80% have a top energy efficiency rating. This mean they’re better for the environment and can help keep everyday running costs lower compared to older properties.
Homes in great London locations
We build homes in places where people genuinely want to live.
From well-connected neighbourhoods to areas benefiting from long-term regeneration, our developments are chosen to support everyday living, with access to transport, green space and local amenities.
Lower upfront costs with Shared Ownership
Shared Ownership offers a more affordable way to buy, with the opportunity to purchase a share of a new home and pay rent on the rest.
This often means a much lower deposit is needed compared to buying outright, making it easier for first-time buyers and existing renters to step onto the property ladder.
For example, the average price for a 2-bed in Brentford is £503,997 as of April 2026 . This would require a deposit of around £50k to buy. If you were to buy a 2-bed home at KEWB in Brentford through Shared Ownership , you would be able to buy a share with a smaller deposit of £14,000.
Peabody also offers other buying options, including London Living Rent and private sale, helping buyers find a route that suits their circumstances.
Browse all our available homes on our Find a Home page
You can browse all Shared Ownership homes currently available on our Find a Home page.
With Peabody, you’ll benefit from high-quality homes in great areas of London and beyond, plus the flexibility to increase your share over time as your circumstances change.
Frequently asked questions about monthly budgets for Shared Ownerships
In this guide, the “monthly cost” is the combined cost of:
- Monthly mortgage on the share you’re buying
- Monthly rent on the share you don’t own yet
- Monthly service charge
For example, for a 2‑bed home at Lombard Square with a 25% share, the monthly cost shown is £1,615, made up of £555 mortgage + £773 rent + £287 service charge.
We use the figures listed for each home to show a simple, like‑for‑like monthly estimate by adding together:
- Monthly mortgage (based on the share price you’re buying and the deposit required)
- Monthly rent (charged on the remaining share you don’t own)
- Monthly service charge (added where applicable for the building/development)
Using the Lombard Square example: the full value is £455,000, the 25% share price is £113,750 and the deposit required is £11,375. The monthly estimate then adds together the £555 mortgage, £773 rent and £287 service charge to reach a total monthly cost of £1,615.
These figures are a starting point for comparison. Your actual monthly payments will depend on your lender, mortgage rate and term, the share you buy, and any changes to rent or service charges over time.
Even once your monthly mortgage, rent and service charge are covered, there are a few additional costs worth planning for when buying through Shared Ownership.
Upfront and one‑off costs
- Reservation fee to secure a home (usually up to £500)
- Legal and conveyancing fees
- Stamp Duty , if applicable, depending on the property value and how you choose to pay it
- Mortgage arrangement or broker fees, if charged by your lender
Ongoing non‑housing bills
- Council tax
- Utilities (gas, electricity, water)
- Internet, TV and phone bills
Future costs to be aware of
- Staircasing costs if you decide to buy more shares later, such as valuation and legal fees.
