Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Bellacouch Meadows, 2 bed homes


Lords Meadow, Chagford, West Devon, TQ13 8FF

Shared ownership

Starting prices

40% share from
£96,000
Full price
£240,000
Monthly rent
£330

Overview

Two new homes available!

Bellacouch Meadows is a wonderful new development in the beautiful market town of Chagford in Devon. Located on the edge of the legendary Dartmoor National Park and close to the River Teign it’s a thriving community surrounded by stunning countryside. Chagford is in a beautiful rural location but it’s not far from Exeter and the A30 providing great access for commuters.


Local area information

Amenities nearby include:

  • Canonteign Falls; the highest waterfall in England, under an hour away.
  • Fantastic choice of schools; Chagford Primary school and Chagford Montessori nursery are nearby.
  • Wide selection of restaurants, pubs and hotels to suit everyone’s preferences. These offer afternoon tea, organic whole foods, pizzas, ice cream and also fine dining with Gridleigh Park Hotel having two Michelin stars.
  • Independent shops, delis, boutiques, food stores and hardware stores all in walking distance within the quirky Chagford centre.

Plot availability

Plot number 2
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £96,000
Full market price £240,000
Monthly rent £330
Monthly service charge TBC
Ownership Leasehold
Plot number 3
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £96,000
Full market price £240,000
Monthly rent £330
Monthly service charge TBC
Ownership Leasehold

FAQ's

Min share price from: £96,000 for a 40% share
Full price from: £240,000
Monthly rent from: £330
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £96,000 for a 40% share to £96,000 for a 40% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Aster
Shared ownership

Starting prices

40% share from
£96,000
Full price
£240,000
Monthly rent
£330