S ummer in London is a good time for sports fans: Wimbledon is in full swing and the Ashes is less than a month away. Getting to see the matches live is one bonus of living in the capital, but for die-hard sports fans, living close to the sporting venues is the ultimate coup. In the past, only the wealthiest buy- ers have been able to indulge them- selves. Now, however, first-time buyers with more realistic budgets are also able to buy close to their favourite arenas. Inexpensive homes have come up for sale close to many of the most famous sporting sites in the capital, such as Arsenals emirates stadium, Wimbledon tennis courts and the Oval cricket ground. Prices have been kept affordable thanks to shared-ownership schemes, allowing buyers to buy a percentage of the property, renting out the rest at a subsidised rate. This means first- timers dont have to bankrupt them- selves with a hefty mortgage each month, leaving some spare cash for those pricey match tickets. Below is our pick of the top five shared-ownership schemes that are close to sports stadiums in London. Wembley City The ultimate British sporting address, Wembley Stadium has been redeveloped with lots of new-build flats in the new Wembley City site available to buy. Family mosaic is selling one-bedroom flats in Forum house, a five-minute walk from the stadium, starting at 50,265 for a 25 per cent share. The flats come with underfloor heating, oak flooring and 24-hour concierge. Family Mosaic (020 7089 1315, familymosaicsales.co.uk) Old SChOOl yard, iSlingtOn DIreCTLy opposite the emirates Stadium, there are four one-bedroom flats and four two-bedders available for shared ownership in this development, which is part school conversion, part new-build (the affordable flats are in the new-build section). Prices start at 56,250 for a 25 per cent share of a one-bed flat based on a market value of 225,000. upper Street and Kings Cross are also close by. Family Mosaic (020 7089 1315, familymosaicsales.co.uk) 23,271 if youre single, or a joint income of 26,343. A2Dominion (0800 783 2159, a2dominion.co.uk/sales) WOOdS hOuSe, ChelSea yOu get two sporting stadiums for your money with this project, set around two docks in Chelsea. Found less than three miles from both Chelsea Football Club and the Oval, there are 84 one-bedroom flats to buy through the New Build homeBuy scheme, with a 25 per cent share costing 78,875. Buyers get automatic membership to a car club and access to a communal garden. A2Dominion (0800 783 2159, a2dominion.co.uk/sales) bauhauS, CrOydOn TWO miles from Selhurst Park -- Crystal Palace FCs home ground -- this well-designed development has 16 one- and two-bedroom flats for sale through shared ownership. Prices start at 38,250 for a 25 per cent share, based on a full market value of 153,000. There is a lift in the development, and daytime caretaker service. Genesis Homes (0800 883 0446, genesishomes. org.uk) by jessie hewitson the elmS, WimbledOn SITuATeD less than a mile from the worlds most famous tennis courts, The elms offers both one- and two- bedroom flats to part-buy. A 30 per cent share of a one-bedroom home starts at 64,500; to be eligible you will need a minimum income of Clear advantage: own a flat less than a mile from the Wimbledon courts Live the sporting life Withsharedownershipyoucangetaflatclosetoyourfavouritevenue London Lite Friday, 26 June 2009 37 Affordableproperty index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html40.html41.html42.html43.html44.html45.html46.html47.html48.html49.html50.html51.html